This is incorrect. They have many more than 2 contracts (check the last quarterly for wheel programs awarded). They have said they will be EBITDA break even at 45,000 wheels per annum. They will be EBITDA profitable in Calender 2024. This is in the presentation that accompanied the twin ridge merger. Whether or not you believe they will hit these targets is another matter. Great result getting on board with Range Rover.
CBR Price at posting:
14.5¢ Sentiment: None Disclosure: Held
