GUELPH, ON, March 31, 2022 /CNW/ – Linamar Corporation (TSX: LNR) today announced an agreement with GF Casting Solutions (GF) to acquire their 50% interest in their Joint Venture, GF Linamar LLC, located in Mills River, North Carolina. GF Casting Solutions is a division of Georg Fischer AG (SIX:FI-N). The two parties originally formed the… Continue reading Linamar Acquires Partner’s Interest in GF Linamar Joint Venture Casting Facility
Author: Yarhow_Finance Online News
Magna (MGA) to Expand Ontario Operations for Battery Enclosures
Magna International MGA recently announced that it is expanding its operations into Chatham-Kent, Ontario, as part of an extension of its current operations in St. Thomas to support new business from Ford F. Magna, focused on accelerating its electrification strides, is leveraging its top-class body and chassis expertise to provide innovative battery enclosures. MGA’s investment… Continue reading Magna (MGA) to Expand Ontario Operations for Battery Enclosures
Exclusive-Chinese automaker SAIC’s MG Motor India to raise funds for EV push -sources
By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – MG Motor India, which is owned by China’s SAIC Motor, plans to raise funds to develop its Indian electric mobility business, three sources told Reuters, as Chinese investments face increased scrutiny by the government in New Delhi. MG Motor India may try to sell a… Continue reading Exclusive-Chinese automaker SAIC’s MG Motor India to raise funds for EV push -sources
Ford CFO on supply-chain challenges, electric vehicle production
Yahoo Finance anchor Brad Smith talks with Ford CFO John Lawler about the company’s Ford+ plan, supply chain challenges, and production of electric vehicles. Video Transcript BRAD SMITH: Ford announcing the initiation of new internal business units. Ford Model E, which will be dedicated to the electric vehicle business, and Ford Blue whose mission is… Continue reading Ford CFO on supply-chain challenges, electric vehicle production
Polestar CEO details new concept vehicle and the ‘electric age’ of sports cars
Polestar CEO Thomas Ingenlath sits down with Yahoo Finance Live to discuss the automotive manufacturer’s latest 02 Roadster EV, incorporating drone technology, and partnerships and IPO prospects to expand EV product lines. Video Transcript – Electric performance car brand Polestar is revealing the Polestar O2 convertible that aims to provide sustainability combined with electric mobility.… Continue reading Polestar CEO details new concept vehicle and the ‘electric age’ of sports cars
Ford just shocked the system: analyst
Wall Street is beginning to weigh in on Ford’s major transformation unveiled on Wednesday — so far the feedback supports the legion of newly formed Ford bulls. The auto giant announced it would create two distinct internal teams: Ford Blue and Ford Model e. The maneuver is designed to free up resources so Ford could… Continue reading Ford just shocked the system: analyst
Chinese EV maker Nio pursues Hong Kong, Singapore secondary listings
By Scott Murdoch and Anshuman Daga SYDNEY/SINGAPORE (Reuters) -Chinese electric vehicle (EV) maker Nio Inc plans to carry out secondary listings by introduction in Hong Kong and Singapore as it seeks to grow its business in the region. Stock exchange filings on Monday showed the New York-listed firm had received preliminary approval from the Hong… Continue reading Chinese EV maker Nio pursues Hong Kong, Singapore secondary listings
Auto parts maker Aptiv recently shifted high-volume production from Ukraine -CEO
(Reuters) – Aptiv Plc shifted high-volume production of parts for vehicles out of Ukraine over the past couple months ahead of possible hostilities, the auto parts maker’s chief executive said. “Over the course of the last couple of months, we actually moved a couple of what I call high runner programs out of the Ukraine… Continue reading Auto parts maker Aptiv recently shifted high-volume production from Ukraine -CEO
Dana Incorporated Reports 2021 Financial Results, Issues Guidance for 2022
Company Announces Strong Three-year Sales Backlog of $800 Million, Half from Electrified-vehicle Programs MAUMEE, Ohio, Feb. 23, 2022 /PRNewswire/ — Dana Incorporated logo. (PRNewsFoto/Dana Incorporated) Full-year Results Sales of $8.9 billion, an increase of $1.8 billion Net income attributable to Dana of $197 million, an increase of $228 million Diluted EPS of $1.35, an increase… Continue reading Dana Incorporated Reports 2021 Financial Results, Issues Guidance for 2022
Ford’s CEO Is Exploring Ways to Separate Its EV Business to Unlock Tesla-Like Value
(Bloomberg) — Ford Motor Co. is looking at ways to separate its electric-vehicle operation from its century-old legacy business, hoping to earn the sort of investor respect enjoyed by Tesla Inc. and other pure-play EV makers. Most Read from Bloomberg Chief Executive Officer Jim Farley wants to wall off Ford’s electric operations from its internal… Continue reading Ford’s CEO Is Exploring Ways to Separate Its EV Business to Unlock Tesla-Like Value