On December 31, 2022, board of Gentherm Incorporated (NasdaqGS:THRM) approved Co's plan to exit its non-automotive electronics business. The company will continue to sell certain business products until the exit is complete. Th Company is evaluating a potential sale of non-automotive electronics business or substantially all of its assets.

If sale of non-automotive electronics business is not pursued co to wind-down operations of business over about 8-12 months.