04/30/2020MAHLE steers steady course through coronavirus crisis
Stuttgart, April 30, 2020 - In the current coronavirus crisis, the MAHLE Group can rely on a sound financial position and liquidity. In the 2019 financial year, the automobile component supplier intensified its strategic and technological realignment despite challenging conditions. MAHLE recorded the largest volume of orders received in the history of the Group, with orders running into the billions in the field of new technologies alone. The technology group now has an unmatched broad-based portfolio for the various types of drive system. Dependence on the internal combustion engine for motor vehicles has now fallen almost to the 40 percent mark. Despite the current crisis, MAHLE remains on track for the future and is consistently forging ahead with its efficiency improvement programs. Intensive preparations are now underway for the resumption of production at the Group’s European plants.
