Business Performance & Bookings - The company secured $0.8 billion in new business bookings in Q1 2025 [12, 15] - The company anticipates securing $5.0 billion in bookings for the remainder of 2025 [12] - Asia Pacific accounted for 45% of Q1 bookings, North America 36%, and EMEASA 19% [15] - Bookings from Chinese OEMs represented 61% of the total, while other OEMs accounted for 39% [15] - New/Conquest programs made up 54% of Q1 bookings, with incumbent programs accounting for 46% [15] Program Launches & Product Portfolio - The company launched 23 new programs in Q1 2025, including 14 BEV (Battery Electric Vehicle) programs [7] - 15 programs were launched in the APAC region, and 19 were new/conquest programs [7] - Major program launches in Q1 included Fiat Panda (CEPS), BMW 2-Series Gran Coupe (SPEPS), and Cadillac Vistiq (I-Shafts; Halfshafts) [8] - The company is expanding its "Motion-by-Wire" chassis portfolio, including Rear Wheel Steering (RWS), Hand Wheel Actuator (HWA), and Electro-Mechanical Braking (EMB) [17, 18] Strategic Considerations - The company is navigating a dynamic environment, closely monitoring tariff policies and working to mitigate their impact [20, 21] - The company's supply chain and manufacturing strategy is focused by region, with a majority of Mexico imports to the US being USMCA compliant [20] - The company is strategically expanding into "Motion-by-Wire" chassis control and expects more 'By-Wire' bookings throughout the year [21] - The company is pursuing a strategy for profitable growth, including capitalizing on megatrends, strengthening technology leadership, and optimizing cost structure [22, 23]