Gentex have reported a fall in their Q3 net sales and income, with the company warning that things are likely to get worse before they improve for the industry. The company, who manufacture automatic-dimming rear view mirrors and driver assistance products, say their net sales for the third quarter declined by 6% to $153m, and net income in the period fell 49% compared with the same quarter last year,
For the first 9 months of 2008, net sales increased by 4% to $501m. Net income decreased by 20% for the first nine months of 2008 compared with the same period in 2007.