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3 Foreign Auto Stocks to Ride the Industry’s Upbeat Mood

Rising vehicle prices and robust demand for electric vehicles (EVs) are major catalysts for the Zacks Automotive – Foreign industry. Near-term sales prospects in Europe and Japan still look dubious, given an uncertain macro-environment and inflationary pressure, which may induce consumers to put off discretionary expenses. However, China auto sales are finally gathering momentum. A slew of… Continue reading 3 Foreign Auto Stocks to Ride the Industry’s Upbeat Mood

TSX Accepts Notice of Intention to Make Normal Course Issuer Bid

Magna International Inc. AURORA, Ontario, Nov. 09, 2022 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange (“TSX”) had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the “Notice”). Pursuant to the Notice, Magna may purchase up to 28,445,000 Magna Common Shares (the… Continue reading TSX Accepts Notice of Intention to Make Normal Course Issuer Bid

Magna International Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

Magna International (TSE:MG) Third Quarter 2022 Results Key Financial Results Revenue: US$9.27b (up 17% from 3Q 2021). Net income: US$289.0m (up by US$278.0m from 3Q 2021). Profit margin: 3.1% (up from 0.1% in 3Q 2021). EPS: US$1.00 (up from US$0.037 in 3Q 2021). earnings-and-revenue-growth All figures shown in the chart above are for the trailing… Continue reading Magna International Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

Westport (WPRT) Q3 Loss In Line, Sales Lag Estimates & Fall Y/Y

Westport Fuel Systems Inc. WPRT incurred a loss of 7 cents per share in third-quarter 2022, in line with the Zacks Consensus Estimate but wider than a loss of 3 cents posted in the year-ago quarter. Westport registered consolidated revenues of $71.2 million in the quarter, missing the Zacks Consensus Estimate of $76 million. The top… Continue reading Westport (WPRT) Q3 Loss In Line, Sales Lag Estimates & Fall Y/Y

Autoliv Boosts Quarterly Dividend By 3%

Reuters Shareholder payouts at risk as ECB tells banks to hold capital – sources Investors hoping for fat payouts from euro zone banks may be disappointed as supervisors are urging them to preserve capital in the face of a souring economic outlook, sources told Reuters. Banks including UniCredit and Societe Generale have been reporting bumper… Continue reading Autoliv Boosts Quarterly Dividend By 3%

Westport (WPRT) Q3 Loss In Line, Sales Lag Estimates & Fall Y/Y

Aptiv Third Quarter 2022 Earnings: Beats Expectations

Aptiv (NYSE:APTV) Third Quarter 2022 Results Key Financial Results Revenue: US$4.61b (up 26% from 3Q 2021). Net income: US$286.0m (up 233% from 3Q 2021). Profit margin: 6.2% (up from 2.4% in 3Q 2021). EPS: US$1.06 (up from US$0.32 in 3Q 2021). earnings-and-revenue-growth All figures shown in the chart above are for the trailing 12 month… Continue reading Aptiv Third Quarter 2022 Earnings: Beats Expectations

Goodyear connects with Israeli incubator of mobility tech startups

Motley Fool Invitae (NVTA) Q3 2022 Earnings Call Transcript Hello, everyone, and thank you for joining the Invitae’s third quarter 2022 financial results conference call. Joining us today are president and CEO, Ken Knight; and our CFO, Roxi Wen. Before we begin, I’d like to remind you the various remarks that we make on this… Continue reading Goodyear connects with Israeli incubator of mobility tech startups

Faurecia successfully prices €700 million of sustainability-linked senior notes due 2026 (the “SL NOTES”)

FAURECIA Not for distribution, directly or indirectly, in the United States, Canada, Australia or Japan Nanterre (France), November 8th, 2022 Faurecia successfully prices €700 million of sustainability-linked senior notes due 2026 (the “SL NOTES”) Faurecia has successfully priced €700 million in aggregate principal amount of SL Notes at 7.25%. The SL Notes are to be… Continue reading Faurecia successfully prices €700 million of sustainability-linked senior notes due 2026 (the “SL NOTES”)

1 Electric Vehicle Stock to Buy Hand Over Fist and 2 With Serious Red Flags

Motley Fool 1 Popular Stock Down 85% to Avoid Buying on the Dip A gold rush is a great time to be in the shovel business, and during 2020 and 2021, the financial markets were as frenzied as they’ve been at any other time in history. Naturally, then, it was also a boom time for… Continue reading 1 Electric Vehicle Stock to Buy Hand Over Fist and 2 With Serious Red Flags