Company: CPS
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001320461-25-000156
Chunk: 108

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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 at the IMF project that Brazil's economic growth rate will slow modestly to 2.4 percent in 2025.

Production Levels

Our business is directly affected by the automotive vehicle production rates in North America, Europe, the Asia Pacific region and South America. These production rates can be impacted by changing macro-economic conditions, geopolitical actions, regional consumer sentiment, labor disruptions, supply chain disruptions and changing regulatory and trade requirements, among other factors.

Light vehicle production by region for the three and nine months ended September 30, 2025 and 2024 was as follows:

Three Months Ended September 30,Nine Months Ended September 30,(in millions of units)2025(1)2024(1)% Change2025(1)2024(1)% ChangeNorth America3.9 3.8 4.7%11.7 11.8 (1.4)%Europe3.8 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