By Scott Kanowsky Investing.com — Faurecia (EPA:EPED) reported better-than-expected core earnings in 2022, as the acquisition of a controlling stake in Germany’s Hella (ETR:HLE) helped the auto parts maker overcome lingering supply chain constraints and elevated input costs. Annual adjusted income before interest, taxes, depreciation and amortization jumped by 43% compared to the prior year… Continue reading Faurecia posts 2022 earnings beat amid integration of Germany’s Hella
Author: Yarhow_Finance Online News
FORVIA Faurecia’s FY 2022 results
FAURECIA Nanterre (France), February 20, 2023 OUR ACHIEVEMENTS: GROWTH, RESILIENCE, CASH GENERATION & DELEVERAGING GROWTH: SALES OF €25.5BN, +63% ON A REPORTED BASIS AND +17% ON AN ORGANIC BASIS RESILIENCE: OPERATING MARGIN OF 5.0% IN H2 2022 AND 4.4% IN FY 2022 CASH GENERATION: STRONG NET CASH FLOW OF €471M DELEVERAGING: NET DEBT/ADJ. EBITDA RATIO… Continue reading FORVIA Faurecia’s FY 2022 results
Faurecia posts 2022 earnings beat amid integration of Germany’s Hella
By Scott Kanowsky Investing.com — Faurecia (EPA:EPED) reported better-than-expected core earnings in 2022, as the acquisition of a controlling stake in Germany’s Hella (ETR:HLE) helped the auto parts maker overcome lingering supply chain constraints and elevated input costs. Annual adjusted income before interest, taxes, depreciation and amortization jumped by 43% compared to the prior year… Continue reading Faurecia posts 2022 earnings beat amid integration of Germany’s Hella
VW’s China JV with SAIC names Jia Jianxu as its new head
SHANGHAI (Reuters) – Volkswagen’s joint venture with China’s SAIC Motor said on Monday it had appointed Jia Jianxu, a veteran executive at the state-owned Chinese automaker, as its new general manager. Born in 1978, Jia has more than 20 years of experience in the auto industry and was in charge of SAIC’s European market expansion,… Continue reading VW’s China JV with SAIC names Jia Jianxu as its new head
Tesla Stock Vs. BYD Stock: Tesla Keeps Racing; BYD Production Set To Surge
Reuters Uber to introduce EVs in India in push to clean cars NEW DELHI (Reuters) -Uber Technologies said on Monday it will introduce electric vehicles (EVs) in India for ride-sharing, its first move to adopt clean cars amid an Indian government push for greater electrification of public transport and shared mobility. With plans to introduce… Continue reading Tesla Stock Vs. BYD Stock: Tesla Keeps Racing; BYD Production Set To Surge
Dana (NYSE:DAN) Will Pay A Dividend Of $0.10
Dana Incorporated (NYSE:DAN) will pay a dividend of $0.10 on the 24th of March. This means that the annual payment will be 2.1% of the current stock price, which is in line with the average for the industry. Check out our latest analysis for Dana Dana’s Dividend Is Well Covered By Earnings We like a… Continue reading Dana (NYSE:DAN) Will Pay A Dividend Of $0.10
FAURECIA TO SELL ITS “SAS” COCKPIT MODULES DIVISION TO THE MOTHERSON GROUP
FAURECIA NANTERRE (FRANCE)FEBRUARY 19, 2023 FAURECIA TO SELL ITS “SAS” COCKPIT MODULES DIVISION TO THE MOTHERSON GROUP Faurecia, a company of the FORVIA Group, has received a firm and binding commitment from the Motherson Group to acquire 100% of “SAS” Cockpit Modules division (“SAS”), a leading global provider of assembly and logistics services for the… Continue reading FAURECIA TO SELL ITS “SAS” COCKPIT MODULES DIVISION TO THE MOTHERSON GROUP
Do These 3 Checks Before Buying Magna International Inc. (TSE:MG) For Its Upcoming Dividend
Some investors rely on dividends for growing their wealth, and if you’re one of those dividend sleuths, you might be intrigued to know that Magna International Inc. (TSE:MG) is about to go ex-dividend in just four days. Typically, the ex-dividend date is one business day before the record date which is the date on which… Continue reading Do These 3 Checks Before Buying Magna International Inc. (TSE:MG) For Its Upcoming Dividend
Lear Declares Quarterly Cash Dividend
SOUTHFIELD, Mich., Feb. 17, 2023 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share on the Company’s common stock. The dividend is payable on March 29, 2023, to shareholders of record at… Continue reading Lear Declares Quarterly Cash Dividend
Autoliv: Board of Directors approves renewal of EMTN Programme
STOCKHOLM, Feb. 18, 2023 /PRNewswire/ — The Funding Committee of the Board of Directors of Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb) (the “Company“) approved on February 14, 2023 the renewal for one year of its €3,000,000,000 guaranteed euro medium term note programme (the “EMTN Programme“), which was originally established on 11 April 2019. The renewal… Continue reading Autoliv: Board of Directors approves renewal of EMTN Programme