May 11th, 2023 Nissan contributes €311 million to Renault Group’s first quarter 2023 earnings Nissan released today its results for the fourth quarter of fiscal year 2022/2023 (April 1st, 2022 to March 31st, 2023). Nissan’s results, published in Japanese accounting standards, for the fourth quarter of fiscal year 2022/2023 (January 1st to March 31st, 2023),… Continue reading RENAULT GROUP: Nissan’s contribution to Renault Group’s Q1-2023 earnings
Author: GlobeNews Newswire
RENAULT GROUP: Contribution de Nissan aux résultats du 1er trimestre 2023 de Renault Group
Le 11 mai 2023 Nissan contribue aux résultats du 1er trimestre 2023 de Renault Group à hauteur de 311 millions d’euros Nissan a publié aujourd’hui les résultats du quatrième trimestre de son exercice fiscal 2022/2023 couvrant la période du 1er avril 2022 au 31 mars 2023. Le résultat publié par Nissan en normes comptables japonaises… Continue reading RENAULT GROUP: Contribution de Nissan aux résultats du 1er trimestre 2023 de Renault Group
Lesjöfors innovate performance suspension springs for the Polestar 2 BST Edition 270
Collaborating with Polestar, the electric performance car company, Lesjöfors has designed and developed the pioneering suspension springs on the Polestar 2 BST edition 270 – the limited-edition performance car created to push the boundaries of electric performance. Taking the DNA of the Polestar 2, the BST edition 270 is an expertly tuned, handling-focused, limited-edition performance… Continue reading Lesjöfors innovate performance suspension springs for the Polestar 2 BST Edition 270
Kongsberg Automotive maintains its positive revenue trend in Q1, despite adverse impact on profits due to lower sales in China’s passenger car market and product mix
Zurich, May 9, 2023: Kongsberg Automotive ASA (“Kongsberg Automotive”) has published its results for the first quarter 2023. The results show a continuous positive top line trend, while a challenging development in China and unfavorable foreign exchange rate developments are impacting the adjusted EBIT and net income negatively. Adjusted EBIT declined in the Powertrain &… Continue reading Kongsberg Automotive maintains its positive revenue trend in Q1, despite adverse impact on profits due to lower sales in China’s passenger car market and product mix
Ferrari N.v.: Periodic Report on the Buyback Program
FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM Maranello (Italy), May 8, 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… Continue reading Ferrari N.v.: Periodic Report on the Buyback Program
Martinrea International Inc. Reports Record Quarterly Sales and Declares Dividend
TORONTO, May 04, 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 first quarter ended March 31, 2023 and declared a quarterly… Continue reading Martinrea International Inc. Reports Record Quarterly Sales and Declares Dividend
Magna Announces First Quarter 2023 Results
Sales increased 11% to $10.7 billion, compared to a global light vehicle production that rose 3% Diluted earnings per share and Adjusted diluted earnings per share were $0.73 and $1.11, respectively Paid dividends of $132 million Raised Adjusted EBIT Margin Outlook range to 4.7%-5.1% from 4.1%-5.1% AURORA, Ontario, May 05, 2023 (GLOBE NEWSWIRE) — Magna… Continue reading Magna Announces First Quarter 2023 Results
Kongsberg Automotive wins electric vehicle contracts worth over 11 million in estimated lifetime revenue
Kongsberg Automotive (KA)’s Flow Control System (FCS) business unit has won a new contract for the production and delivery of air suspension systems for electric vehicles (EVs). At the same time, KA has secured a renewal of a contract with another customer, also towards the EV segment. KA’s hose assemblies for air suspension systems… Continue reading Kongsberg Automotive wins electric vehicle contracts worth over 11 million in estimated lifetime revenue
Kongsberg Automotive wins a new contract for passenger cars worth over EUR 25 million in estimated lifetime revenue
Kongsberg Automotive’s Powertrain & Chassis Driveline business unit has been awarded a contract worth over EUR 25 million in estimated lifetime revenue for KA’s electric gear shift and park lock actuator. Kongsberg Automotive (KA)’s electric gear shift and park lock actuator comes with an automatic return to park feature, which allows the vehicle to be… Continue reading Kongsberg Automotive wins a new contract for passenger cars worth over EUR 25 million in estimated lifetime revenue
Ferrari: Strong Results, With Demand Heading Into 2025
FERRARI: STRONG RESULTS, WITH DEMAND HEADING INTO 2025 Total shipments of 3,567 units, up 9.7% versus Q1 2022 Net revenues of Euro 1,429 million, up 20.5% versus prior year Adjusted EBITDA(1) of Euro 537 million, up 27.0% versus prior year Adjusted EBIT(1) of Euro 385 million, up 25.3% versus prior year Adjusted EBITDA(1) margin of… Continue reading Ferrari: Strong Results, With Demand Heading Into 2025