Risk Factors Update Summary
- A significant portion of the supply chain is in mainland China, posing risks due to Chinese laws, regulations, and political uncertainties.
- Failure to meet supply needs could jeopardize obligations, leading to financial penalties, increased costs, and customer relationship damage.
- Failure to innovate and sustain a competitive advantage may adversely affect financial condition and results.
- Transition to battery-electric vehicles and changing government regulations may impact operations and results.
- Loss of major customers or dealers could have a material adverse impact on the company.
- Significant investments in electrification technologies may be required, with no guarantee of success.
- Increased scrutiny on greenhouse gas emissions and climate-related matters may impact operations and disclosures.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1735707&owner=exclude
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