TORONTO, April 29, 2024 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX: MRE) (“Martinrea” or the “Company”), today announced that it has filed with the Toronto Stock Exchange (the “TSX”), and the TSX has accepted, its notice of intention to make a normal course issuer bid (the “NCIB”). Pursuant to the NCIB, Martinrea is entitled to… Continue reading Martinrea International Inc. Announces TSX Approval of Normal Course Issuer Bid
Author: GlobeNews Newswire
Magna Wins 2024 Automotive News PACE Award, Receives PACEpilot Recognitions
Integrated Driver & Occupant Monitoring System is one of 13 PACE Award winners out of 33 finalists Exteriors and seating products secure two of 11 PACEpilot Innovation to Watch recognitions Magna only company to receive a PACE and multiple PACEpilot Awards AURORA, Ontario, April 30, 2024 (GLOBE NEWSWIRE) — Magna was named a 2024 Automotive… Continue reading Magna Wins 2024 Automotive News PACE Award, Receives PACEpilot Recognitions
Ferrari N.V.: Periodic Report on the Buyback Program
Maranello (Italy), April 30 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 350 million share buyback program announced on November 7, 2023, as the fourth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line… Continue reading Ferrari N.V.: Periodic Report on the Buyback Program
Kongsberg Actuation Systems BV issued an Asset Disposition Offer for part of notes due 2025
Zurich, April 26, 2024: Kongsberg Actuation Systems BV, a subsidiary of Kongsberg Automotive ASA (KA), today published an Asset Disposition Offer to purchase for cash €36,000,000 of outstanding principal amount of its senior secured notes due 2025 (“Notes”). KA has determined that €36,000,000 of the Net Available Cash from the sale of: (i) The Interior… Continue reading Kongsberg Actuation Systems BV issued an Asset Disposition Offer for part of notes due 2025
Kongsberg Automotive secures major contract extension worth EUR 523 million in estimated lifetime revenue
Zurich, April 26, 2024: Kongsberg Automotive (KA) has won a contract extension worth EUR 523 million in estimated lifetime revenue for KA’s Gear Control Unit (GCU) with integrated clutch actuator. The GCU is a valve-based device designed for manual transmission trucks, allowing them to be driven as automatic transmission trucks if desired. This innovative technology… Continue reading Kongsberg Automotive secures major contract extension worth EUR 523 million in estimated lifetime revenue
Martinrea International Inc. to Announce First Quarter Results on May 2, 2024
TORONTO, April 25, 2024 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE) today announced it will report its financial results for the first quarter ended March 31, 2024 on Thursday, May 2, 2024 after the markets close, and will hold a conference call to discuss the results the same day at 5:30 p.m. Eastern… Continue reading Martinrea International Inc. to Announce First Quarter Results on May 2, 2024
Visteon Announces First Quarter 2024 Financial Results
VAN BUREN TOWNSHIP, Mich., April 25, 2024 (GLOBE NEWSWIRE) — Visteon Corporation (NASDAQ: VC) today reported first quarter financial results. Highlights include: Net sales of $933 million with a return to positive growth-over-market1 Net income of $42 million Adjusted EBITDA of $102 million or 10.9% of sales Operating cash flow of $69 million and adjusted… Continue reading Visteon Announces First Quarter 2024 Financial Results
Michelin: Q1 sales down 2.7% at constant exchange rates, on soft volumes as expected. Strong mix development reflecting performance in value-accretive segments. 2024 full-year guidance unchanged.
Clermont-Ferrand – April 24, 2024 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINFinancial information for the three months ended March 31, 2024 Consolidated first-quarter 2024 sales down 2.7% at constant exchange rates, on soft volumes as expected. Strong mix development reflecting Group performance in the most value-accretive segments. 2024 full-year guidance unchanged. Global sell-in markets edged up slightly, led by… Continue reading Michelin: Q1 sales down 2.7% at constant exchange rates, on soft volumes as expected. Strong mix development reflecting performance in value-accretive segments. 2024 full-year guidance unchanged.
Michelin : Ventes trimestrielles en baisse de 2,7 % à taux de change constants, volumes inférieurs comme attendu. Mix en forte hausse reflétant la performance sur les segments les plus générateurs de valeur. Guidance annuelle inchangée.
Clermont-Ferrand, 24 avril 2024 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINInformation financière au 31 mars 2024 Ventes consolidées en baisse de 2,7 % au premier trimestre 2024 à taux de change constants, en raison de volumes inférieurs comme attendu. Fort développement du mix reflétant la performance du Groupe sur les segments les plus générateurs de valeur. Guidance annuelle inchangée. Légère… Continue reading Michelin : Ventes trimestrielles en baisse de 2,7 % à taux de change constants, volumes inférieurs comme attendu. Mix en forte hausse reflétant la performance sur les segments les plus générateurs de valeur. Guidance annuelle inchangée.
Martinrea International Inc. Announces Investment in Equispheres Inc., a Supplier of High-Performance Powders for Additive Manufacturing
TORONTO, April 23, 2024 (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, announces that in March, 2024, the Company was the lead investor in a financing round for Equispheres Inc., acquiring convertible preferred shares… Continue reading Martinrea International Inc. Announces Investment in Equispheres Inc., a Supplier of High-Performance Powders for Additive Manufacturing