Delphi Technologies has revealed an operating loss of $60million in the second quarter.

It compares to an income of $56million the previous year as revenue fell by 44 per cent in the second quarter to $628million.

Delphi, which has a factory in Stonehouse, said much of the loss was down to reduced global production and the closure of customer site during the coronavirus pandemic, together with the trend away from car diesel fuel injection systems in Europe.

Growth in Power Electronics and a 41 per cent revenue increase in China - which drove a 13 per cent rise in Asia Pacific - helped offset some of the losses.

But revenue fell 57 per cent in Europe and 61 per cent in North America.

Chief executive Richard Dauch said: "In the face of the severe economic downturn and complexity caused by the global COVID-19 pandemic, the Delphi Technologies team performed admirably in the second quarter and I could not be more proud of them.

"Our financial position remained robust, reflecting our ability to execute on our key strategic priorities in the most difficult of environments.

"We acted decisively to protect the health and safety of our employees and families, as well as taking the necessary steps to preserve and generate cash."

He said the group has received around $40million in cash from asset sales since the end of the second quarter while new plants have been launched in Mexico, China and Poland.