"The other three programs that underpin the Phase 1 Mega-line development are EV SUV/Pickup programs with one customer. The expected start of production for the lead program in this group has been rephased by the customer with start of production moved to H1 CY24. Given the revised timing of the lead program with this OEM, we are managing Mega-line capacity implementation and related capital expenditure to match forecast customer demand (see section below"
3/4 megaline programs delayed. That's not a great update.
CBR Price at posting:
64.5¢ Sentiment: None Disclosure: Not Held