Company: CPS
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001320461-25-000156
Chunk: 54

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 3.7 1.2%12.6 12.8 (1.7)%Asia Pacific13.4 12.6 6.2%39.4 36.6 7.7%Greater China8.0 7.3 9.7%23.0 20.6 11.7%South America0.8 0.9 (2.1)%2.3 2.2 4.2%

(1)Production data based on S&P Global, October 2025.

Current industry forecasts indicate global light vehicle production in the full year 2025 will increase by approximately 2% compared to full year 2024, driven by increases in China, South America and South Asia, partially offset by declines in North America and Europe. Looking further ahead, global production is expected to remain relatively flat to slightly down in 2026, followed by modest growth of 2-3% in 2027. However, actual production volumes have varied and may fluctuate from forecasted levels due to numerous factors including, but not limited to, catastrophic events impacting aluminum supply and other supply chain disruptions, labor disruptions in select regions or locations, cyberattack and natural disasters impacting customer operations, consumer demand, the regulatory environment, available incentives and industry competitiveness. The electric vehicle segment has faced significant challenges in achieving previously forecasted production volumes, particularly in North America.

Raw Materials

Our business is susceptible to inflationary pressures with respect to raw materials. Abrupt changes in the market prices or availability of certain key raw materials may result in operational and profitability challenges for the Company and the industry as a whole. Although global commodity markets and pricing largely stabilized in 2024 and have remained stable through the first nine months of 2025, we continually work with our customers and suppliers to mitigate ongoing inflationary pressures and material-related cost exposures through a combination of expanded index-based agreements and other commercial enhancements.

General Inflation and Recovery Strategy

In response to inflationary cost pressures that we continue to experience, we have implemented aggressive lean and cost optimization initiatives that are helping to offset these cost pressures. In addition, we continue to actively pursue pricing adjustments from our customers to offset higher costs in our current business, where the higher costs are market driven and beyond our immediate control.

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Results of Operations

 Three Months Ended September 30,Nine Months Ended September 30, 20252024Change20252024Change(Dollar amounts in thousands)(Dollar amounts in thousands