Company to supply two types of two-speed transfer cases: Electro-Mechanical On-Demand (EMOD) and Electric Shift-on-the-Fly (ESOF) Builds on over 40 years of BorgWarner transfer case supply for the OEM’s passenger truck platform High-performance solutions deliver quick response, improved torque performance AUBURN HILLS, Mich., Oct. 31, 2024 /PRNewswire/ — BorgWarner, a global product leader in delivering… Continue reading BorgWarner Extends Transfer Case Business with North American OEM
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BorgWarner Secures New High Voltage Coolant Heater Programs in China, Korea and Japan
BorgWarner’s HVCH selected by a Chinese OEM for a battery electric SUV, start of production set for Q2 2025 Korean electric vehicle manufacturer chose BorgWarner’s heater for their new electric pick-up model, with production starting in Q1 2025 BorgWarner wins its first HVCH business award with a Japanese OEM, marking a key milestone in the… Continue reading BorgWarner Secures New High Voltage Coolant Heater Programs in China, Korea and Japan
Aptiv (APTV) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2024, Aptiv PLC (APTV) reported revenue of $4.85 billion, down 5.1% over the same period last year. EPS came in at $1.83, compared to $1.30 in the year-ago quarter. The reported revenue represents a surprise of -6.07% over the Zacks Consensus Estimate of $5.17 billion. With the consensus EPS estimate… Continue reading Aptiv (APTV) Reports Q3 Earnings: What Key Metrics Have to Say
Aptiv implements additional cost-saving measures as EV transition slows
(Reuters) -Aptiv PLC said on Thursday that it has taken extra steps to boost profitability, after it cut its annual sales forecast, as the company adapts to a difficult market environment. Shares of Aptiv fell over 16% in early trade. The auto industry faced a bumpy second half of the year over competition from Chinese… Continue reading Aptiv implements additional cost-saving measures as EV transition slows
Aptiv PLC (APTV) Q3 Earnings Surpass Estimates
Aptiv PLC (APTV) came out with quarterly earnings of $1.83 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.30 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.28%. A quarter ago, it was expected that… Continue reading Aptiv PLC (APTV) Q3 Earnings Surpass Estimates
China’s Great Wall Motor Considers $1 Billion Convertible Bond Sale
(Bloomberg) — Chinese carmaker Great Wall Motor Co. is considering a convertible bond offering to raise as much as $1 billion, according to people familiar with the matter. Most Read from Bloomberg The company, one of the largest independent auto manufacturers in China, has held early discussions with advisers about the potential sale, the people… Continue reading China’s Great Wall Motor Considers $1 Billion Convertible Bond Sale
Is NIO Inc. (NIO) The Best EV Battery Stock To Buy In Late 2024?
We recently published a list of the 8 Best EV Battery Stocks To Buy in Late 2024. In this article, we are going to take a look at where NIO Inc. (NYSE:NIO) stands against other best EV battery stocks to buy in late 2024. While lithium was down for a long time due to oversupply… Continue reading Is NIO Inc. (NIO) The Best EV Battery Stock To Buy In Late 2024?
China Stocks Today: Atour Lifestyle Nearly Doubles, Alibaba Stock Up 29% Year To Date; Will They Overcome U.S. Election Risk And Uncertain China Economy?
More than a handful of China stocks, including Alibaba, have gained more attention after they started rocketing higher in late September. As their moves have cooled down, are investors now thinking they have rebounded too quickly ahead of the U. View comments Go to Source
Volkswagen Q3 profit tumbles, signaling more woes for global automakers
Volkswagen (VWAGY) reported lackluster third quarter results on Wednesday, another sign large automakers are mired with softening global demand and competition from Chinese automakers. For Q3, Volkswagen reported operating profit that slid 42% to 2.86 billion euros ($3.1 billion), though revenue only fell 0.5%. More worrisome was the operating margin falling to 3.6%, down from… Continue reading Volkswagen Q3 profit tumbles, signaling more woes for global automakers
Magna price target lowered to $42 from $47 at RBC Capital
https://www.tipranks.com/news/the-fly/magna-price-target-lowered-to-42-from-47-at-rbc-capital RBC Capital lowered the firm’s price target on Magna (MGA) to $42 from $47 and keeps a Sector Perform rating on the shares as part of a broader research note previewing Q3 results for Auto suppliers. Sentiment on the suppliers is negative, and for good reason, as OEM commentary this earnings season suggests more… Continue reading Magna price target lowered to $42 from $47 at RBC Capital