Question-and-Answer Session
Thank you. (Operator Instructions) And our first question comes from Chris Ceraso with Credit Suisse. Go ahead please.
Chris Ceraso - Credit Suisse
Thanks good evening.
Dinesh Paliwal
Hi, Chris.
Chris Ceraso - Credit Suisse
Okay. I have a couple of numbers questions and a couple of strategic questions. First on the numbers, could you help us walk from year-to-year in terms of the decline in vehicle shipments for the key programs that you support, were they down, 30% were they down 25%. And then what kind of an offset did you see there from an increase in penetration of your products?
Dinesh Paliwal
Chris, may I quickly actually answer that, I know Herbert is eager to answer, but I just want to say we obviously have a fairly good knowledge of number cost sold by various OEMs.
I would say it may not be appropriate for us to quote those numbers unless they are already public, but you know yourself the biggest decline we have seen obviously is in Chrysler's number of cost sold and the least decline we are seeing actually fairly stable so far until end of last year was, Audi.
So we have a mixed bag, we have seen decline in Lexus, Toyota. But then we have not seen much decline in other OEM, so like Hyundai. That has done very well. So it's a mix bag. I am not so sure whether we should spit out numbers by OEM. Relatively, I would like to share this. Herbert, back to you.
Chris Ceraso - Credit Suisse
I am sorry, go ahead.
Herbert Parker
Yeah. So your question, Chris?
Chris Ceraso - Credit Suisse
That's fair Dinesh. I think that's reasonable. Can you comment on whether or not you are still seeing an increase in the penetration rate of NAS systems on your vehicles, or has that been casualty of this downturn as well, and we seeing people pulling back on the NAS system take rate?
Dinesh Paliwal
Chris, to be honest with you, we had actually anticipated before this crisis really got hold so tightly that with the reduction in cost sales are penetration or take rate might even go up.
Unfortunately, we did not have any proof of that. What I can say to you with confidence it's pretty stable. There is no special causality or special pick up because of the decline. I wish there was little bit of pick up, but it's fairly stable.
- To read the full transcript on Seeking Alpha, click here »








