Commercial vehicle group reports q2 loss per share $0.40

Commercial vehicle group announces second quarter 2020 results.q2 loss per share $0.40.q2 revenue fell 47.8 percent to $126.9 million.q2 adjusted loss per share $0.24 including items.sees q3 2020 revenue up 25 to 35 percent.says announced strategic repositioning of its operations.says strategic repositioning actions expected to support between $100 million to $150 million of new business.says repurposing floor space and creating new manufacturing capability in vonore, tn plant.says expanding elkridge, md plant by securing new space at an adjacent property.says moving certain production from monona, ia plant to low cost facility in agua prieta, mexico.says design and installation of a new medium-duty seat production line in saltillo, mexico plant.says announces closure of facility in morelos, mexico, and consolidation of equipment into agua prieta, mexico plant.commercial vehicle - on track to permanently cut annualized costs by over $15 million through combination of staff reductions, facility consolidations.
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