Chief financial officer Frank Witter said on a conference call with journalists that cost discipline is bearing fruit and cited the company's strong cash flow, which gives it the resources to tackle the challenges bringing change to the auto industry, such as electric cars needed to meet new emissions requirements and digital services.
The company says that it expects full-year operating earnings to be severely lower than in 2019 but still in positive territory.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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