ATS's $135M Settlement Better Than Nothing -- Market Talk
Dow Jones
May 26, 2025
1203 GMT - ATS managed to get some money from a settlement with a large EV customer, but only about half what it was due. ATS will receive about $145.8 million from the customer, which represents only about 57% of the $340 million balance despite services rendered, TD Cowen analyst Cherilyn Radbourne notes. However, Radbourne says that despite this, there are positives, including a substantial cash inflow at a time when the EV sector faces tariff and macroeconomic uncertainty. "It's disappointing to see ATS receive less than full payment despite satisfying the contracts, however we see this as a positive outcome," she says. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
May 26, 2025 08:03 ET (12:03 GMT)
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