Manufacturing expansion in India will supply the US door spring market

In the US, almost every American house has a garage. Therefore, the market for residential overhead garage doors is enormous in this continent. Together with an increasing demand for overhead doors from the industrial building sector, the American door spring market is about four times larger than in Europe, an opportunity where Alcomex, part of… Continue reading Manufacturing expansion in India will supply the US door spring market

Martinrea International Inc. Publishes 2022 Sustainability Report

VAUGHAN, Ontario, March 06, 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, announced the release of its 2022 Sustainability Report on March 2. This report showcases Martinrea’s performance on Environmental, Social,… Continue reading Martinrea International Inc. Publishes 2022 Sustainability Report

Ferrari N.v.: Periodic Report on the Buyback Program

Maranello (Italy), March 6, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 200 million share buyback program announced on December 1, 2022, as the second tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in… Continue reading Ferrari N.v.: Periodic Report on the Buyback Program

Martinrea International Inc. Reports Record Quarterly Sales, Declares Dividend, and Publishes Sustainability Report

TORONTO, March 02, 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 fourth quarter and year ended December 31, 2022 and declared… Continue reading Martinrea International Inc. Reports Record Quarterly Sales, Declares Dividend, and Publishes Sustainability Report

FERRARI PUBLISHES AGENDA FOR THE 2023 AGM  

Maranello (Italy), March 3, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari”) announced today that it has published the agenda and the explanatory notes for the 2023 Annual General Meeting of Shareholders (“AGM”), which will be held on April 14, 2023 in Amsterdam, beginning at 9:00 a.m. CEST.Ferrari’s AGM notice and explanatory notes, AGM materials and… Continue reading FERRARI PUBLISHES AGENDA FOR THE 2023 AGM  

RENAULT GROUP: Aramco signs letter of intent with Geely and Renault Group for new powertrain company to focus on lower emission technologies

Joint Press Release Aramco signs letter of intent with Geely and Renault Group for new powertrain company to focus on lower emission technologies Planned Aramco investment would support development of synthetic fuel solutions, and next-gen hydrogen technologies New company aims to have an annual production capability of more than five million internal combustion, hybrid and… Continue reading RENAULT GROUP: Aramco signs letter of intent with Geely and Renault Group for new powertrain company to focus on lower emission technologies

RENAULT GROUP : Aramco signe une lettre d’intention avec Geely et Renault Group pour rejoindre la nouvelle entreprise de groupes motopropulseurs à faibles émissions

Communiqué de presse conjoint Aramco signe une lettre d’intention avec Geely et Renault Group pour rejoindre la nouvelle entreprise de groupes motopropulseurs à faibles émissions L’investissement prévu d’Aramco viserait à soutenir le développement de solutions de carburants synthétiques et de technologies d’hydrogène de nouvelle génération. L’établissement de la nouvelle entreprise aura une capacité de production… Continue reading RENAULT GROUP : Aramco signe une lettre d’intention avec Geely et Renault Group pour rejoindre la nouvelle entreprise de groupes motopropulseurs à faibles émissions

Ferrari Signs a Partnership With VGW

Maranello (Italy), 2 March 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari”) announces that Ferrari S.p.A., its wholly-owned Italian subsidiary, has signed a multi-year partnership agreement with Virtual Gaming Worlds (VGW), a global technology Company that specializes in the creation of cutting-edge online social games. Under the new multi-year agreement, effective from the first Formula 1… Continue reading Ferrari Signs a Partnership With VGW

Magna annonce ses résultats pour le quatrième trimestre 2022 et ses perspectives pour 2023

Faits marquants du quatrième trimestre 2022 Les ventes ont augmenté de 5 % pour atteindre 9,6 milliards de dollars Hors conversion des devises étrangères, les ventes ont augmenté de 13 %, par rapport à une augmentation de la production mondiale de véhicules légers de 5 % Le bénéfice dilué par action et le bénéfice dilué ajusté par action ont diminué pour s’établir… Continue reading Magna annonce ses résultats pour le quatrième trimestre 2022 et ses perspectives pour 2023

Magna gibt Ergebnisse für das vierte Quartal 2022 und Ausblick für 2023 bekannt

Highlights im vierten Quartal 2022 Umsatz steigt um 5 % auf 9,6 Mrd. USD Ohne Berücksichtigung der Effekte von Fremdwährungsumrechnung ist der Umsatz um 13 % gestiegen, im Vergleich dazu erhöhte sich die Produktion von leichten Nutzfahrzeugen um 5 %. Der verwässerte Gewinn pro Aktie und der bereinigte verwässerte Gewinn pro Aktie ging auf 0,33 USD bzw. 0,91… Continue reading Magna gibt Ergebnisse für das vierte Quartal 2022 und Ausblick für 2023 bekannt