Gains after posting smaller-than-expected loss

Commercial Vehicle

10/08/2020 18:03

** Truck and bus structural components and body panels
maker's shares  CVGI.O  rise as much as 25.2% to a more than
five-month high of $3.72; stock gains for fourth straight
session
    ** Posts smaller-than-expected Q2 loss, amid "strong signs
of recovery" in its end markets  urn:newsml:reuters.com:*:nPn2Y4rXpa
    ** Says won significant new business from a "large
e-commerce customer" to deliver products including seating
systems for last mile delivery electric vehicles
    ** Sees Q3 revenues to increase 25% to 35% vs Q2
    ** YTD, stock is down about 44%

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))