JV to assemble complete seats for Ford Production expected to start in the second quarter of 2023 More than 390 new jobs to be created AURORA, Ontario, Feb. 22, 2022 (GLOBE NEWSWIRE) — Today Magna announced it has entered into a joint venture (“JV”) with LAN Manufacturing, a minority-owned automotive supplier based in Michigan. The… Continue reading Magna Enters Joint Venture With LAN to Assemble Seats in Michigan
Author: GlobeNews Newswire
Nidec Announces the Status of Share Repurchases and the Completion of the Share Repurchase Plan
KYOTO, Japan, Feb. 18, 2022 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announces the status of the Company’s share repurchases under its repurchase plan in accordance with the Articles of Incorporation pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan. The Company also announces… Continue reading Nidec Announces the Status of Share Repurchases and the Completion of the Share Repurchase Plan
Visteon to Announce Fourth-Quarter and Full-Year 2021 Results on Feb. 17
VAN BUREN TOWNSHIP, Mich., Feb. 01, 2022 (GLOBE NEWSWIRE) — Visteon Corporation (Nasdaq: VC), a global technology company serving the mobility industry, will release its fourth-quarter and full-year 2021 financial results prior to 7 a.m. ET on Thursday, Feb. 17. The company will host a conference call for the investment community at 9 a.m. ET… Continue reading Visteon to Announce Fourth-Quarter and Full-Year 2021 Results on Feb. 17
Visteon Announces 2021 Financial Results and 2022 Outlook
VAN BUREN TOWNSHIP, Mich., Feb. 17, 2022 (GLOBE NEWSWIRE) — Visteon Corporation (NASDAQ: VC) today reported fourth quarter and full-year 2021 financial results that exceed its previous outlook. Highlights include: $786 million Q4 net sales; 15% growth-over-market1 Net income of $31 million in Q4 or $1.09 per diluted share Adjusted EBITDA of $92 million, 11.7%… Continue reading Visteon Announces 2021 Financial Results and 2022 Outlook
Jaguar Land Rover Announces Partnership With NVIDIA
As part of Jaguar Land Rover’s Reimagine strategy, partnership will transform the modern luxury experience for customers starting in 2025 Software experts from both companies will jointly develop AI-powered autonomous driving and connected services for all future vehicles built on NVIDIA DRIVE Next-generation safety and unique, brand-focused digital services enabled by NVIDIA AI GAYDON, United… Continue reading Jaguar Land Rover Announces Partnership With NVIDIA
RENAULT GROUP: Renault Group, Valeo and Valeo Siemens eAutomotive join forces to develop and manufacture a new-generation automotive electric motor in France
PRESS RELEASE Renault Group, Valeo and Valeo Siemens eAutomotive join forces to develop and manufacturea new-generation automotive electric motor in France Paris, February 10, 2022 – Renault Group, Valeo and Valeo Siemens eAutomotive announce that they have signed a memorandum of understanding to form a strategic partnership for the design, co-development and manufacture in France… Continue reading RENAULT GROUP: Renault Group, Valeo and Valeo Siemens eAutomotive join forces to develop and manufacture a new-generation automotive electric motor in France
Renault Group: Nissan contribution for fourth quarter 2021 to Renault Group’s earnings
February 08th, 2022 Nissan contributes €124 million for fourth quarter 2021 to Renault Group’s earnings Nissan released today its results for the third quarter of fiscal year 2021/2022 (April 1st, 2021 to March 31st, 2022). Nissan’s results, published in Japanese accounting standards, for the third quarter of fiscal year 2021/2022 (October 1st to December 31th,… Continue reading Renault Group: Nissan contribution for fourth quarter 2021 to Renault Group’s earnings
FERRARI AND QUALCOMM: A STRATEGIC TECHNOLOGY PARTNERSHIP AIMED AT THE FUTURE
Maranello, 8 February 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) is pleased to announce a new and exciting partnership with Qualcomm Technologies, Inc. As from today, the San Diego, California-based company, will be a Scuderia Ferrari Premium Partner through Snapdragon®, Qualcomm’s premium product and experience brand leveraged across multiple platforms and categories,… Continue reading FERRARI AND QUALCOMM: A STRATEGIC TECHNOLOGY PARTNERSHIP AIMED AT THE FUTURE
Lesjöfors Heavy Springs UK sharpens the focus on a rapidly growing market
Lesjöfors is launching a new company, rebranding its two former European Springs & Pressings factories in Cornwall. The factories will now form a new company called Lesjöfors Heavy Springs UK. The rebrand is part of a new division, focusing on growth and significant investment in the heavy springs sector across the synergised specialisms, product range… Continue reading Lesjöfors Heavy Springs UK sharpens the focus on a rapidly growing market
Strong Momentum Sets the Foundation for Future Growth. 2022 Guidance on the Trajectory to Reach 2023 Ebitda Target
Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary results(1) for the fourth quarter and twelve months ended December 31, 2021. Total shipments of 11,155 units, up 22.3% versus FY 2020 and 10.1% versus FY 2019 Net revenues of Euro 4,271 million, up 23.4% versus prior year and up 13.4% versus… Continue reading Strong Momentum Sets the Foundation for Future Growth. 2022 Guidance on the Trajectory to Reach 2023 Ebitda Target