(Reuters) – French car parts group Faurecia, which sealed its takeover of Germany’s Hella in early February, on Monday forecast a rise in annual sales, as it expects semiconductor shortages to ease from the second half of 2022. Faurecia now sees full-year sales of 17.5 billion to 18 billion euros ($19.89 billion to $20.45 billion),… Continue reading French auto supplier Faurecia sees higher sales in 2022
Author: Yarhow_Finance Online News
full-year 2021 results, a foundational year for Faurecia, resilient performance despite headwinds with solid order intake, Forvia on track to deliver on ambitions
FAURECIA Nanterre (France), February 21, 2022 FULL-YEAR 2021 RESULTS A FOUNDATIONAL YEAR FOR FAURECIA RESILIENT PERFORMANCE DESPITE HEADWINDS, WITH SOLID ORDER INTAKE FORVIA ON TRACK TO DELIVER ON AMBITIONS 2021: A FOUNDATIONAL YEAR FOR FAURECIA 2021 RESULTS: RESILIENT PERFORMANCE DESPITE HEADWINDS, NOTABLY SEMICONDUCTOR SHORTAGE, WITH SOLID ORDER INTAKE AMOUNTING TO CUMULATIVE €75 BILLION FOR 2019-2021… Continue reading full-year 2021 results, a foundational year for Faurecia, resilient performance despite headwinds with solid order intake, Forvia on track to deliver on ambitions
Fisker Ocean electric SUV ‘on schedule’ for November deliveries, CEO says
Electric vehicle (EV) company Fisker (FSR) unveiled its Ocean EV SUV in late November at the Los Angeles Auto Show with the goal of making the car “the world’s most sustainable vehicle.” The base model, named the Ocean Sport, will start at $37,499 before any government incentives. CEO and chairman Henrik Fisker said that customers… Continue reading Fisker Ocean electric SUV ‘on schedule’ for November deliveries, CEO says
BorgWarner (BWA) Electrification Efforts to Bolster Capabilities
BorgWarner Inc. BWA is poised to make great strides in the electrification space, as evidenced by its latest buyout deals and business wins. Here is a sneak peek into the company’s most recent noteworthy events. BWA to Acquire Santroll Light Vehicle eMotor Unit BorgWarner and Santroll Electric Auto and Santroll Automotive Components recently announced signing… Continue reading BorgWarner (BWA) Electrification Efforts to Bolster Capabilities
TSMC Looks To Expand Japan Chip Plant; DENSO Acquires Stake
Reuters Analysis-Yuan wobbles revive worries about Asia’s vulnerabilities The Chinese yuan’s recoil from a near four-year high has raised market nerves that a recent period of stability is ending, which could leave regional peers exposed especially as U.S. interest rates start to rise. A steady yuan, along with robust exports and currency reserves, has helped… Continue reading TSMC Looks To Expand Japan Chip Plant; DENSO Acquires Stake
BorgWarner’s All-New 800-Volt Integrated Electric Drive Module Drives Leading Chinese NEV Brands Forward
– 800-Volt integrated drive module (iDM) features high-voltage silicon carbide inverter – The new highly integrated and efficient iDM220 delivers superior performance – Enables global automakers to produce cleaner, more efficient vehicles AUBURN HILLS, Mich., Feb. 15, 2022 /PRNewswire/ — BorgWarner has secured a contract with a Chinese luxury new energy vehicle (NEV) brand to… Continue reading BorgWarner’s All-New 800-Volt Integrated Electric Drive Module Drives Leading Chinese NEV Brands Forward
NIO Inc. (NIO) Dips More Than Broader Markets: What You Should Know
NIO Inc. (NIO) closed the most recent trading day at $23.79, moving -1.29% from the previous trading session. This change lagged the S&P 500’s daily loss of 0.38%. Elsewhere, the Dow lost 0.5%, while the tech-heavy Nasdaq lost 0.05%. Prior to today’s trading, shares of the company had lost 22.13% over the past month. This… Continue reading NIO Inc. (NIO) Dips More Than Broader Markets: What You Should Know
Nio stock falls after downbeat China auto sales data, Tesla shares also take a hit
Share of China-based electric vehicle maker Nio Inc. sank 3.5% in premarket trading Monday, after data showing that China’s car sales fell for the eighth straight month in January. the China Passenger Car Association said January retail sales of passenger cars declined 4.4% from a year ago, and said sales are expected to remain sluggish… Continue reading Nio stock falls after downbeat China auto sales data, Tesla shares also take a hit
Auto parts maker Magna sees initial hit from Canadian bridge blockade
By Shivansh Tiwary (Reuters) – Auto parts maker Magna International Inc said on Friday disruptions at the Ambassador bridge caused by Canadian trucker protests against coronavirus mandates have started to have some initial impact on its operations. The protesters, who have caused a gridlock in the Canadian capital since late January, have since Monday used… Continue reading Auto parts maker Magna sees initial hit from Canadian bridge blockade
Linamar’s (TSE:LNR) investors will be pleased with their respectable 47% return over the last three years
Linamar Corporation (TSE:LNR) shareholders might be concerned after seeing the share price drop 10% in the last month. But at least the stock is up over the last three years. Arguably you’d have been better off buying an index fund, because the gain of 42% in three years isn’t amazing. So let’s investigate and see… Continue reading Linamar’s (TSE:LNR) investors will be pleased with their respectable 47% return over the last three years