The company’s operating profit grew by 15% even though the tractor volume dropped by 3.5% for the December quarter. It suggests that the automotive segment has gained enough heft to deliver growth and bring counter-cyclicality to the company’s earnings. A few years ago, the automotive division contributed two-thirds to the revenue, but only one-third to the operating profit. The gap is narrowing gradually.
US stocks open sharply lower on tariff worries
US stocks experienced declines on Monday as market volatility increased due to uncertainty surrounding tariffs President Trump plans to implement on April 2. The lack
March 31, 2025