(Reuters) – Canadian auto parts maker Magna International Inc said on Thursday it will invest $790 million to build three new supplier facilities, two of which will be housed at Ford Motor Co’s BlueOval City campus in Tennessee. The development comes as suppliers race to meet requirements from automakers, who have been hustling to boost… Continue reading Auto supplier Magna to invest $790 million to build three new facilities
Author: Yarhow_Finance Online News
Auto supplier Magna to invest $790 mln to build three new facilities
July 20 (Reuters) – Canadian auto parts maker Magna International Inc said on Thursday it will invest $790 million to build three new supplier facilities, two of which will be housed at Ford Motor Co’s BlueOval City campus in Tennessee. The development comes as suppliers race to meet requirements from automakers, who have been hustling… Continue reading Auto supplier Magna to invest $790 mln to build three new facilities
Ford supplier Magna International plans $790M, 1,300-job project in TN/BlueOval City
Magna International, the fourth-largest auto parts supplier in the world, plans to spend $790 million to build three facilities — two of them at BlueOval City — and create 1,300 jobs in Tennessee. Go to Source
QuantumScape (QS) to Report Q2 Earnings: Here’s What to Expect
QuantumScape Corporation QS is slated to release second-quarter 2023 results on Jul 26, after the closing bell. The Zacks Consensus Estimate is pegged at a loss of 22 cents per share for the quarter, flat with the year-ago period’s reported bottom line. The estimate for second-quarter 2023 loss per share has remained unchanged over the… Continue reading QuantumScape (QS) to Report Q2 Earnings: Here’s What to Expect
Eaton Launches Smart Ambient Monitoring API; New Application of Smart Breaker Data to Inform Caregiving in Congregate and Remote Healthcare Environments
CLEVELAND, July 19, 2023–(BUSINESS WIRE)–Intelligent power management company Eaton announced the release of a new digital product targeting the healthcare sector. Leveraging Eaton’s smart breaker technology, the smart ambient monitoring Application Programming Interface (API) enhances energy usage data using proprietary machine learning and artificial intelligence (AI) algorithms. API access can be granted on a subscription… Continue reading Eaton Launches Smart Ambient Monitoring API; New Application of Smart Breaker Data to Inform Caregiving in Congregate and Remote Healthcare Environments
Worthington Industries Electrical Steel Lamination Business, Tempel Steel, Earns Dana’s Global Supplier Award in “Lead Electric Propulsion” Category
Worthington Industries, Inc. COLUMBUS, Ohio, July 20, 2023 (GLOBE NEWSWIRE) — Worthington Industries, Inc., (NYSE: WOR), a leading industrial manufacturing company, today announced its Tempel Steel business, which manufactures high precision electrical steel laminations for motors and transformer cores used in electric vehicles (EV), charging stations, internal combustion engines, industrial equipment, and energy solutions, has… Continue reading Worthington Industries Electrical Steel Lamination Business, Tempel Steel, Earns Dana’s Global Supplier Award in “Lead Electric Propulsion” Category
3 Stocks to Watch From a Promising Technology Services Industry
The Zacks Technology Services industry stands to gain from the ongoing digitization, increasing dependency on technology and initiatives to diversify technology services. Growth opportunities from the robust adoption of the multi-cloud model should offset challenges arising from cyber threats and expenditures related to hiring skillful talent and restructuring initiatives. Trane Technologies plc (TT), IQVIA Holdings… Continue reading 3 Stocks to Watch From a Promising Technology Services Industry
Omnicom’s (OMC) Q2 Earnings Beat Estimates, Increase Y/Y
Omnicom Group Inc. OMC reported mixed second-quarter 2023 results, wherein the company’s earnings surpassed the Zacks Consensus Estimate but revenues missed the same. Earnings of $1.81 per share beat the consensus estimate by 0.6% and increased 7.7% year over year. Total revenues of $3.6 billion lagged the consensus estimate by 0.3% but increased 1.2% year over… Continue reading Omnicom’s (OMC) Q2 Earnings Beat Estimates, Increase Y/Y
UPDATE 2-US, Mexico agree on labor rights plan for Mexican Goodyear plant
(Rewrites story with details from U.S. statement) MEXICO CITY, July 19 (Reuters) – The United States and Mexico reached an agreement to remedy violations of workers’ rights at a Goodyear Tire & Rubber Co plant in the Mexican city of San Luis Potosi, both countries said on Wednesday. The Mexican government has committed to carry… Continue reading UPDATE 2-US, Mexico agree on labor rights plan for Mexican Goodyear plant
Chinese automakers sold 75% of EVs in Southeast Asia in Q1 – study
By Devjyot Ghoshal BANGKOK, July 20 (Reuters) – Chinese automakers dominated Southeast Asia’s fast-growing electric vehicle market, selling three out of every four EVs in the first quarter, research firm Counterpoint Research said on Thursday. Thailand – the main regional auto manufacturing hub – is driving the transition, with the country accounting for almost 79%… Continue reading Chinese automakers sold 75% of EVs in Southeast Asia in Q1 – study