Question-and-Answer Session
Thank you. We will now take questions from the telephone lines. [Operator Instructions]. Our first question is from Himanshu Patel from J.P. Morgan. Please go ahead.
Himanshu Patel - J.P. Morgan Securities, Inc.
Hi. Can you guys remind us what is your Chrysler exposure exactly?
Enoch Jen - Senior Vice President
Well, for calendar year 2007, DaimlerChrysler represented approximately 15% of our company revenues and Mercedes represented approximately two-thirds of that total and Chrysler represented the other third.
Himanshu Patel - J.P. Morgan Securities, Inc.
Okay. And then, Enoch, I am sorry if you have mentioned this already, but assuming industry volumes are consistent with CSM for 2009, what's your initial sense on the direction for gross margins?
Connie Hamblin - Vice President of Investor Relations & Corporate Communications; Corporate Secretary
We haven't given any guidance for gross margins for 2009.
Himanshu Patel - J.P. Morgan Securities, Inc.
I guess, on more kind of --
Connie Hamblin - Vice President of Investor Relations & Corporate Communications; Corporate Secretary
We did for 2008, but I think in general our guidance for gross margins is that there's going to be upside for gross margins if we can achieve double-digit top line growth and upward pressure on them, but at this point, we haven't given any guidance whatsoever for calendar year 2009.
Enoch Jen - Senior Vice President
I think, first off, the CSM forecast in our estimation probably has a little more downside than upside. But our expected growth rate for 2009 is really going to be dependent on the vehicles that our auto-dimming mirrors are offered on, and the new vehicles that we haven't announced. So until we announce our top line revenue at the end of January, probably we are not in a position to make any comments about gross margins for 2009.
Himanshu Patel - J.P. Morgan Securities, Inc.
And you'd still feel comfortable with the statement that if your top line is north of 10% you can expand margins south of 10%, you'd see margin pressure?
Enoch Jen - Senior Vice President
That is correct.
Himanshu Patel - J.P. Morgan Securities, Inc.
Okay. And then one last question, just in the current quarter, in Europe, did you see any last minute production cuts or whatever it happened in the quarter in Europe, was it fairly in line with what you had expected at the start of the quarter?
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