Aptiv, BorgWarner flag hit from Nexperia chip crisis, Novelis fire
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Aptiv and BorgWarner face production disruptions due to a supply crisis linked to Nexperia and a fire at Novelis, impacting aluminum supply. Nexperia's products are banned from export by Beijing amid political tensions. BorgWarner anticipates $50-$100 million losses in Q4, while Aptiv raised its annual earnings forecast despite a 2% drop in shares. Aptiv's Q3 net sales rose 7.4% to $5.21 billion, exceeding estimates, with adjusted earnings of $2.17 per share, up from $1.83 a year prior.
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