TORONTO, May 04, 2023 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the first quarter ended March 31, 2023 and declared a quarterly… Continue reading Martinrea International Inc. Reports Record Quarterly Sales and Declares Dividend
Author: GlobeNews Newswire
Magna Announces First Quarter 2023 Results
Sales increased 11% to $10.7 billion, compared to a global light vehicle production that rose 3% Diluted earnings per share and Adjusted diluted earnings per share were $0.73 and $1.11, respectively Paid dividends of $132 million Raised Adjusted EBIT Margin Outlook range to 4.7%-5.1% from 4.1%-5.1% AURORA, Ontario, May 05, 2023 (GLOBE NEWSWIRE) — Magna… Continue reading Magna Announces First Quarter 2023 Results
Kongsberg Automotive wins electric vehicle contracts worth over 11 million in estimated lifetime revenue
Kongsberg Automotive (KA)’s Flow Control System (FCS) business unit has won a new contract for the production and delivery of air suspension systems for electric vehicles (EVs). At the same time, KA has secured a renewal of a contract with another customer, also towards the EV segment. KA’s hose assemblies for air suspension systems… Continue reading Kongsberg Automotive wins electric vehicle contracts worth over 11 million in estimated lifetime revenue
Kongsberg Automotive wins a new contract for passenger cars worth over EUR 25 million in estimated lifetime revenue
Kongsberg Automotive’s Powertrain & Chassis Driveline business unit has been awarded a contract worth over EUR 25 million in estimated lifetime revenue for KA’s electric gear shift and park lock actuator. Kongsberg Automotive (KA)’s electric gear shift and park lock actuator comes with an automatic return to park feature, which allows the vehicle to be… Continue reading Kongsberg Automotive wins a new contract for passenger cars worth over EUR 25 million in estimated lifetime revenue
Ferrari: Strong Results, With Demand Heading Into 2025
FERRARI: STRONG RESULTS, WITH DEMAND HEADING INTO 2025 Total shipments of 3,567 units, up 9.7% versus Q1 2022 Net revenues of Euro 1,429 million, up 20.5% versus prior year Adjusted EBITDA(1) of Euro 537 million, up 27.0% versus prior year Adjusted EBIT(1) of Euro 385 million, up 25.3% versus prior year Adjusted EBITDA(1) margin of… Continue reading Ferrari: Strong Results, With Demand Heading Into 2025
Magna Awarded New High-Voltage eDrive Business With Europe-Based Global OEM
Coming to market on 2027 model SUVs and sedans Enables fast reconnect through new decoupling system Power range from 100 kW to 140 kW, optimized for 800V, delivers affordable costs AURORA, Ontario, May 03, 2023 (GLOBE NEWSWIRE) — Magna is taking electrification to the next level of efficiency and range to help meet evolving customer… Continue reading Magna Awarded New High-Voltage eDrive Business With Europe-Based Global OEM
FERRARI SIGNS A PARTNERSHIP AGREEMENT WITH DXC TECHNOLOGY
aranello (Italy), 3 May 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari”) announces that Ferrari S.p.A., a wholly owned Italian subsidiary, has entered into a multi-year partnership agreement with DXC Technology (NYSE:DXC) a global technology services company specialising in the production of advanced digital solutions for the automotive sector. This agreement, which comes into effect as… Continue reading FERRARI SIGNS A PARTNERSHIP AGREEMENT WITH DXC TECHNOLOGY
(Reminder) Invitation to Kongsberg Automotive’s Q1 2023 Earnings Presentation
Zurich, May 2, 2023: Kongsberg Automotive (KA) will release its Q1 results on Tuesday, May 09, 2023 at approximately 07:00 CET. President & CEO Joerg Buchheim and CFO Frank Heffter will present the results during a webcast at 08:00 CET and will host a Q&A session after the presentation. The event is open to the… Continue reading (Reminder) Invitation to Kongsberg Automotive’s Q1 2023 Earnings Presentation
RENAULT GROUP: AutoNation gets first taste of Formula 1 racing with BWT Alpine F1 Team partnership
AUTONATION GETS FIRST TASTE OF FORMULA 1 RACING WITHBWT ALPINE F1 TEAM PARTNERSHIP Fort Lauderdale, FL, USA & Boulogne-Billancourt, France (May 2, 2023) — America’s most admired automotive retailer, today announces it has entered the Formula 1 race through a partnership with Alpine. The US-based transportation solutions provider will sponsor BWT Alpine… Continue reading RENAULT GROUP: AutoNation gets first taste of Formula 1 racing with BWT Alpine F1 Team partnership
RENAULT GROUP : AutoNation goûte à la Formule 1 en partenariat avec l’équipe BWT Alpine F1 Team
AUTONATION GOÛTE À LA FORMULE 1 EN PARTENARIATAVEC L’ÉQUIPE BWT ALPINE F1 TEAM Fort Lauderdale (États-Unis) & Boulogne-Billancourt (France), le 2 mai 2023. AutoNation, Inc. (NYSE : AN), le distributeur automobile le plus réputé d’Amérique, annonce aujourd’hui son entrée en Formule 1 à travers son partenariat avec Alpine. Le fournisseur de solutions de transport… Continue reading RENAULT GROUP : AutoNation goûte à la Formule 1 en partenariat avec l’équipe BWT Alpine F1 Team