Maranello (Italy), 14 November 2019 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that under the multi-year common share repurchase program announced on 28 December 2018 (the “Program”), the Company has purchased additional common shares in respect of the second tranche of the Program – reported in aggregate form, on a daily basis… Continue reading Ferrari N.V.: Completion of the second tranche of the disclosed multi-year share repurchase program and announcement of the third tranche
Author: GlobeNews Newswire
Martinrea International Inc. Reports Record Third Quarter Results and Declares Dividend
TORONTO, Nov. 12, 2019 (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 third quarter ended September 30, 2019 and that it has… Continue reading Martinrea International Inc. Reports Record Third Quarter Results and Declares Dividend
GROUPE RENAULT : Nissan contributes € 233 million for third quarter 2019 to Renault’s earnings
PRESS RELEASE Nissan contributes € 233 million for third quarter 2019 to Renault’s earningsBoulogne-Billancourt, 11/12/2019 – Nissan released today its results for the second quarter of fiscal year 2019/2020 (April 1st, 2019 to March 31th, 2020).Nissan’s results, published in Japanese accounting standards, for the second quarter of fiscal year 2019/2020 (July 1st to September 30th, 2019),… Continue reading GROUPE RENAULT : Nissan contributes € 233 million for third quarter 2019 to Renault’s earnings
Kongsberg Automotive reports Q3 2019 results
Thu, Nov 07, 2019 07:30 CET Kongsberg Automotive ASA Q3 2019 Report and Presentation follow attached. Highlights Q3 2019: In a challenging market environment, we again grew our revenues: YoY revenue growth of 7.8% from MEUR 259 to MEUR 279 including positive FX effects of MEUR 4. Excluding FX effects, our growth rate was 6%… Continue reading Kongsberg Automotive reports Q3 2019 results
Ferrari: Solid q3 2019 on All Metrics. ROBUST PERFORMANCE LEADS TO UPGRADING 2019 GUIDANCE.
Ferrari N.V. (NYSE/MTA: RACE) today announces its consolidated preliminary results(5) for the third quarter and nine months ended September 30, 2019, summarized as follows. Total shipments of 2,474 units, up +9.4%Net revenues of Euro 915 million, up +9.2% or +7.1% at constant currencyAdj. EBITDA of Euro 311 million, up +11.5% with an EBITDA margin of 33.9%Adj.… Continue reading Ferrari: Solid q3 2019 on All Metrics. ROBUST PERFORMANCE LEADS TO UPGRADING 2019 GUIDANCE.
Nidec and GAC Components Complete Establishment of Joint Venture for Automotive Traction Motors
KYOTO, Japan, Nov. 01, 2019 (GLOBE NEWSWIRE) — As announced on August 1, 2019, Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec”) and GAC Components Co., Ltd. have completed establishment of the joint venture that develops, manufactures and sells automotive traction motors. Profile of the joint venture is as follows.1. Profile of the Joint Venture:*The… Continue reading Nidec and GAC Components Complete Establishment of Joint Venture for Automotive Traction Motors
Nidec Completes Acquisition of OMRON Automotive Electronics Co. Ltd.
KYOTO, Japan, Oct. 31, 2019 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594) (OTC US: NJDCY) (the “Company” or “Nidec”) announced today that the Company completed the acquisition of OMRON Automotive Electronics Co. Ltd. (“OMRON Automotive Electronics”) from OMRON Corporation (“OMRON”) (the “Stock Acquisition”) on October 31, 2019 (Japan time), in accordance with a stock purchase… Continue reading Nidec Completes Acquisition of OMRON Automotive Electronics Co. Ltd.
Magna to Develop and ‘Auto Qualify’ a More Powerful and Affordable Electric Motor
Project partners include the Illinois Institute of Technology, the University of Wisconsin-Madison and the U.S. Department of EnergyObjective is to develop an automotive-grade, non-permanent magnet electric motor for next-gen vehicle propulsion systemsProject targets an electric motor that is half the cost and eight times the power density of currently available e-motorsTROY, Mich., Oct. 30, 2019… Continue reading Magna to Develop and ‘Auto Qualify’ a More Powerful and Affordable Electric Motor
Magna Wins Largest Contract for Transmission Technologies in Company History
Magna to build dual-clutch transmissions including hybrid variants for strategic partner BMW GroupTechnologies for front-wheel drive vehicle platforms; over 170 different vehicle applicationsTransmissions to be supplied from Magna facilities in Germany and SlovakiaSAILAUF, Germany, Oct. 30, 2019 (GLOBE NEWSWIRE) — BMW Group has awarded Magna its largest production order for transmission technologies in company history.… Continue reading Magna Wins Largest Contract for Transmission Technologies in Company History
Visteon Announces Third-Quarter 2019 Results
Sales of $731 million up 7 percent year-over-yearNet income of $14 millionAdjusted EBITDA of $62 million Awarded $4.6 billion in new business year-to-dateVAN BUREN TOWNSHIP, Mich., Oct. 24, 2019 (GLOBE NEWSWIRE) — Visteon Corporation (NASDAQ: VC) today announced third-quarter 2019 results, reporting net income attributable to Visteon of $14 million or $0.50 per diluted share, compared… Continue reading Visteon Announces Third-Quarter 2019 Results