Zurich, March 11, 2024: Kongsberg Automotive (KA) has won a contract worth over EUR 22 million in estimated lifetime revenue for an electric rotary actuator used in plug-in hybrid electric vehicle (PHEV). KA’s rotary actuator is a compact park lock actuator that can function as a rotary actuator on powertrains. The park lock actuator… Continue reading Kongsberg Automotive wins a new contract for an electric rotary actuator used in plug-in hybrid electric vehicles
Author: GlobeNews Newswire
Ferrari N.V.: Periodic Report on the Buyback Program
Maranello (Italy), March 11, 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… Continue reading Ferrari N.V.: Periodic Report on the Buyback Program
NVIDIA and HP Supercharge Data Science and Generative AI on Workstations
LAS VEGAS, March 07, 2024 (GLOBE NEWSWIRE) — HP Amplify — NVIDIA and HP Inc. today announced that NVIDIA CUDA-X™ data processing libraries will be integrated with HP AI workstation solutions to turbocharge the data preparation and processing work that forms the foundation of generative AI development. Built on the NVIDIA CUDA® compute platform, CUDA-X… Continue reading NVIDIA and HP Supercharge Data Science and Generative AI on Workstations
Lesjӧfors Group expands European market with new distribution center in Netherlands
The Lesjӧfors Group, one of the largest spring corporations in the world, is increasing its global logistics network with the opening of a purpose-built distribution and sales centre for its standard stock range, enabling faster deliveries across Europe. Express delivery service Lesjöfors Stock Spring Europe will be based in the Netherlands, in Haaksbergen, and the… Continue reading Lesjӧfors Group expands European market with new distribution center in Netherlands
Magna Announces Senior Notes Offering
AURORA, Ontario, March 05, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into an underwriting agreement in respect of the offering of U.S.$400 million aggregate principal amount of senior unsecured notes due 2029 (the “notes”). The notes will bear interest at an annual rate of 5.050%… Continue reading Magna Announces Senior Notes Offering
Ferrari Publishes Agenda for the 2024 AGM
Maranello (Italy), March 5, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari”) announced today that it has published the agenda and the explanatory notes for the 2024 Annual General Meeting of Shareholders (“AGM”), which will be held on April 17, 2024 in Amsterdam, beginning at 9:00 a.m. CEST. Ferrari’s AGM notice and explanatory notes, AGM materials… Continue reading Ferrari Publishes Agenda for the 2024 AGM
Martinrea International Inc. Announces New Software Company, MiNDCAN Inc.
TORONTO, March 05, 2024 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX: MRE), a diversified and global automotive supplier engaged in developing and manufacturing highly engineered, value-added Lightweight Structures and Propulsion Systems, has launched MiNDCAN Inc., a software company offering solutions to help enhance program management, profit optimization, sustainability reporting, and other capabilities. MiNDCAN Inc. offers… Continue reading Martinrea International Inc. Announces New Software Company, MiNDCAN Inc.
General Motors, Magna, and Wipro Team Up to Develop Automotive Software Marketplace: ‘SDVerse’
SDVerse serves as a ‘matchmaking’ platform between buyers and sellers of embedded automotive software Focuses on matching automotive software buyers and sellers, over captive software development The digital platform increases transparency and reduces inefficiencies in software development and procurement Ampere*, FEV, Forvia, HL Mando, NXP Semiconductors, TTTech Auto, and Valeo lead a “Launch Partner” group… Continue reading General Motors, Magna, and Wipro Team Up to Develop Automotive Software Marketplace: ‘SDVerse’
Transactions carried out under Kongsberg Automotive’s share buy-back program
As announced on November 7, 2023 Kongsberg Automotive ASA (KA) has put in place a non-discretionary agreement with Danske Bank for the repurchase of up to 2.5% of its outstanding shares in the market. The share repurchases started on November 17, 2023. Date Aggregated Daily Volume (# of Shares) Weighted Average Price (NOK) Total Transaction… Continue reading Transactions carried out under Kongsberg Automotive’s share buy-back program
Ferrari N.V.: Periodic Report on the Buyback Program
Maranello (Italy), March 4, 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… Continue reading Ferrari N.V.: Periodic Report on the Buyback Program