Jim Kamsickas: Well, starting — kind of as a starting point. What it certainly does is it confirms what we all know by now, but I’m going to say it anyway, is that customers like they have for years in the axle business and the seat business and all sorts of other businesses, they’re going to have a bit of a pivot table of what’s going to produce in-house and what they’re not going to produce in-house, et cetera, et cetera. So as we’ve been saying since 2016, we doubled down in 2018, we had high confidence with our partnerships with our customers that there was going to be a place for our e-Axle business, e-transmission business, but you had to have the full capability to create value. What it means to us is that as we’re across all of the end markets, the scaling on certainly on engineering, the scaling on components, the scaling on how to launch the product, the scaling on having a global footprint to support global programs that I could go on and on and on.
That’s what the whole thesis was from the very beginning. And obviously, the thesis just came together directly like we expected it to. The most important thing is the institutional learnings of our company. I mean our company now versus where we were six or seven years ago when it was pure mechanical very, very good mechanical engineering company. Now you kind of go across our company, and it’s almost figuratively half and half when you think about electric dynamics and mechanical that you have those capabilities. Why is that important? When you’re facing off with your customer and you’re trying to create value for them to help them sell more vehicles in the long haul, you put them in a much better position because by now, we’re taking all the lessons learned of all the bus market products we have in the field, all the medium-duty truck products we have in the field, off-highway products we have in the field, and this is just a good representative example as the inflection point came to the light vehicle truck market, which is where we participate, we don’t participate in pass car is that we were prepared and were able to create value with our customers to give them high confidence that they were going to win in the market with their electric vehicles and specifically electric truck vehicles.
Operator: Your next question comes from James Picariello with BNP Paribas.
Unidentified Analyst: Hey, guys. This is Jake filling in for James. First, if you could just talk through the net cost inflation dynamics. It looks like everything was fully offset in the first half, and you have about a $50 million headwind in the second half. Am I thinking about that right?
Timothy Kraus: Yes, that’s correct. I mean we had a little bit of net inflation in the first half, just kind of rounds away. But — so yes, we are expecting to see the net $50 million in the back half. So the big driver is in the first half of the year, we continue to see over recoveries from the prior year coming through. And we don’t expect that obviously to continue in the back half. And so what’s showing through in the back half is sort of the net unrecovered inflation number that we expected for the year despite the lower overall gross cost.
Unidentified Analyst: All right. Thanks. And then just a follow-up on the e-beam or the beam axle win. Could you give us some more color on the timing from when you expect this to launch and the overall investment required to support a higher volume program like this?
