Commercial Vehicle Group rises after renegotiating pricing agreements

Commercial Vehicle

29/06/2022 17:59

** Shares of Commercial Vehicle Group Inc  CVGI.O  up ~9% at
$6.14, its biggest pct gain in over a year 
    ** Says it has significantly completed re-negotiating
pricing agreements with several large revenue customers
 urn:newsml:reuters.com:*:nGNX5sdtgz 
    ** Expects new pricing to increase run-rate profits by more
than $30 mln and add to cash flow accordingly 
    ** H2 2022 will immediately benefit from additional >$15
million of increased pricing - CVGI 
    ** As of last close, CVGI down 23.8% YTD 

 (Reporting by Vansh Agarwal)
 ((Vansh.Agarwal@thomsonreuters.com;))