Eaton Corporation ETN is scheduled to release second-quarter 2022 earnings on Aug 2, before the opening bell. The power management company delivered an earnings surprise of 3.5% in the trailing four quarters, on average. Factors to Note Eaton’s second-quarter earnings are likely to have benefited from lower shares outstanding than the year-ago level. The ongoing… Continue reading Eaton (ETN) to Report Q2 Earnings: What’s in the Cards?
Author: Yarhow_Finance Online News
Manchin Sets High Bar for Tesla and GM Electric-Car Tax Credits
(Bloomberg) — Most Read from Bloomberg It was tempting when Democrats announced their surprise climate deal to imagine American auto executives popping champagne bottles. But any bubbly probably ought to stay on ice until Washington finalizes the fine print of the bill that would lift the cap on tax credits for electric vehicles. Just three… Continue reading Manchin Sets High Bar for Tesla and GM Electric-Car Tax Credits
Magna (MGA) Q2 Earnings Lag Estimates
Magna (MGA) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $1.40 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -10.75%. A quarter ago, it was expected that this… Continue reading Magna (MGA) Q2 Earnings Lag Estimates
Japan’s Nikkei gives up gains as Denso outlook sours sentiment
TOKYO, July 29 (Reuters) – Japan’s Nikkei reversed its course to close slightly lower on Friday, as concerns about corporate earnings grew after Toyota supplier Denso cut its outlook, while a firmer yen also weighed on exporters. The Nikkei share average settled 0.05% lower at 27,801.64 after rising 0.7% earlier in the session. The index… Continue reading Japan’s Nikkei gives up gains as Denso outlook sours sentiment
UPDATE 3-Toyota supplier Denso’s Q1 profit tumbles 41%, misses view
(Recasts lede. Adds details from a news conference.) TOKYO, July 29 (Reuters) – Japan’s Denso Corp, a major supplier to Toyota Motor Corp, lowered its operating profit forecast for the current business year by 14%, expecting automakers to undershoot production plans. The company, which specialises in vehicle air conditioning, power trains and automated driving systems,… Continue reading UPDATE 3-Toyota supplier Denso’s Q1 profit tumbles 41%, misses view
Toyota supplier Denso’s Q1 profit tumbles 41%, misses view
TOKYO (Reuters) -Japan’s Denso Corp, a major supplier to Toyota Motor Corp, lowered its operating profit forecast for the current business year by 14%, expecting automakers to undershoot production plans. The company, which specialises in vehicle air conditioning, power trains and automated driving systems, lowered its operating profit forecast to 480 billion yen ($3.61 billion)… Continue reading Toyota supplier Denso’s Q1 profit tumbles 41%, misses view
Will Adient (ADNT) Report Negative Earnings Next Week? What You Should Know
Adient (ADNT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2022. This widely-known consensus outlook gives a good sense of the company’s earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term… Continue reading Will Adient (ADNT) Report Negative Earnings Next Week? What You Should Know
HELLA’S ANNOUNCED DIVESTMENT OF ITS 33% STAKE IN THE JOINT-VENTURE HBPO FOR €290 MILLION MARKS A FIRST SIGNIFICANT STEP IN FORVIA’S TOTAL DIVESTMENT PROGRAM OF 1 BILLION EUROS BY 2023
FAURECIA Nanterre (France), July 28th, 2022 HELLA’S ANNOUNCED DIVESTMENT OF ITS 33% STAKE IN THE JOINT-VENTURE HBPO FOR €290 MILLION MARKS A FIRST SIGNIFICANT STEP IN FORVIA’S TOTAL DIVESTMENT PROGRAM OF 1 BILLION EUROS BY 2023 HELLA, company of the FORVIA Group, announced today that it has agreed the sale of its 33.33% stake in… Continue reading HELLA’S ANNOUNCED DIVESTMENT OF ITS 33% STAKE IN THE JOINT-VENTURE HBPO FOR €290 MILLION MARKS A FIRST SIGNIFICANT STEP IN FORVIA’S TOTAL DIVESTMENT PROGRAM OF 1 BILLION EUROS BY 2023
GAC hits back at Stellantis over collapse of Chinese JV
(Reuters) – China’s Guangzhou Automobile Group (GAC) said on Friday it was “deeply shocked” by critical comments from Stellantis about the end of their joint venture in China, adding it was Stellantis that “didn’t fulfill its commitment”. Last week, Stellantis and GAC said they would end their loss-making venture producing Jeep SUVs in China only… Continue reading GAC hits back at Stellantis over collapse of Chinese JV
Jeep’s China Partner Blasts Stellantis CEO as Venture Crumbles
(Bloomberg) — Stellantis NV’s state-owned Chinese partner accused the European company of disrespecting customers in the world’s biggest auto market in an escalation of a dispute over their failed Jeep venture. Most Read from Bloomberg Guangzhou Automobile Group on Friday said comments Stellantis Chief Executive Officer Carlos Tavares made the previous day on how trust… Continue reading Jeep’s China Partner Blasts Stellantis CEO as Venture Crumbles