Nexteer Automotive booked a record of US$4.2bn in revenue for the year to 31 December 2023.

The supplier claimed sales outpaced the market “despite ongoing challenges which intensified pressure on the company’s profitability, including supply chain disruptions, ongoing inflation and lingering economic impacts, as well as the 2023 United Autoworkers (UAW) strike in the US resulting in OEMs’ production schedule shifts”.

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Revenue was up 9.6% year on year. Operating profit was $61.4m and net profit $36.7m, both down versus 2022.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

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Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

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