Visteon Corp. (VC) CEO Sachin Lawande on Q2 2022 Results - Earnings Call Transcript
Summary
Lastly, I would like to highlight the launch of a curved multi-display module on the Maserati Grecale, the all-new flagship crossover SUV for the luxury brand, which we spotlight on the right-hand side of the page. The cockpit of these future vehicles will have multiple large displays and offer advanced features, including informational ADAS, voice smart assistance, augmented reality for navigation, 360-degree surround view and cloud-based media and other services. Adjusted free cash flow was also negatively impacted due to an outflow and other changes primarily related to the annual incentive compensation payment in Q1 and favorable timing of tax refunds and reduction in deferred income as well as pension-related items. And Im really happy with the team in terms of how nimble that we have been in securing, first of all, the alternate chip suppliers, which in this environment on short lead time is extremely challenging, but we have been successful in doing so, and then introducing the redesigns with all of the testing and everything else that we have to do before it is put in vehicles. And then to the earlier point of youre kind of constantly striving to deliver to customer demand, assumed these ongoing supply chain constraints have created a market share opportunity for you at least relative to some of the suppliers that havent been as successful in sourcing components.