Feb 20, 2020 / 04:45PM GMT
Sierra Homer;Industrial Equity Specialist;Citi -
Kevin Clark and Joe Massaro. So I think first -- and I'm Sierra Homer, the industrial specialist for Citi, filling in here for Itay this morning.
So I think first off, we're going to go ahead and start kind of with the macro and broad industry. And maybe you guys can just kind of provide the latest with your 8-K kind of on Q1 and kind of just talk about China?
Joseph R. Massaro - Aptiv PLC - Senior VP & CFO
Sure. Yes. No. So on a Tuesday evening ahead of the conferences, we issued an 8-K updating our guidance for Chinese vehicle production and the impact on our Q1 results. So in our original guide on January 30, we actually talked about losing a week of production. At that point, our customers had delayed the restart from sort of the original Lunar New Year from February 3 to February 10. And roughly speaking, each week of production in China is worth about $50 million of revenue for us and about $20 million of OI.
Based on really the events over the last couple of
Aptiv PLC at Citi Global Industrials Conference Transcript
Feb 20, 2020
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