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
Author: GlobeNews Newswire
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
Magna Awarded New High-Voltage eDrive Business With Europe-Based Global OEM
Coming to market on 2027 model SUVs and sedans Enables fast reconnect through new decoupling system Power range from 100 kW to 140 kW, optimized for 800V, delivers affordable costs AURORA, Ontario, May 03, 2023 (GLOBE NEWSWIRE) — Magna is taking electrification to the next level of efficiency and range to help meet evolving customer… Continue reading Magna Awarded New High-Voltage eDrive Business With Europe-Based Global OEM
FERRARI SIGNS A PARTNERSHIP AGREEMENT WITH DXC TECHNOLOGY
aranello (Italy), 3 May 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari”) announces that Ferrari S.p.A., a wholly owned Italian subsidiary, has entered into a multi-year partnership agreement with DXC Technology (NYSE:DXC) a global technology services company specialising in the production of advanced digital solutions for the automotive sector. This agreement, which comes into effect as… Continue reading FERRARI SIGNS A PARTNERSHIP AGREEMENT WITH DXC TECHNOLOGY
(Reminder) Invitation to Kongsberg Automotive’s Q1 2023 Earnings Presentation
Zurich, May 2, 2023: Kongsberg Automotive (KA) will release its Q1 results on Tuesday, May 09, 2023 at approximately 07:00 CET. President & CEO Joerg Buchheim and CFO Frank Heffter will present the results during a webcast at 08:00 CET and will host a Q&A session after the presentation. The event is open to the… Continue reading (Reminder) Invitation to Kongsberg Automotive’s Q1 2023 Earnings Presentation
RENAULT GROUP: AutoNation gets first taste of Formula 1 racing with BWT Alpine F1 Team partnership
AUTONATION GETS FIRST TASTE OF FORMULA 1 RACING WITHBWT ALPINE F1 TEAM PARTNERSHIP Fort Lauderdale, FL, USA & Boulogne-Billancourt, France (May 2, 2023) — America’s most admired automotive retailer, today announces it has entered the Formula 1 race through a partnership with Alpine. The US-based transportation solutions provider will sponsor BWT Alpine… Continue reading RENAULT GROUP: AutoNation gets first taste of Formula 1 racing with BWT Alpine F1 Team partnership
RENAULT GROUP : AutoNation goûte à la Formule 1 en partenariat avec l’équipe BWT Alpine F1 Team
AUTONATION GOÛTE À LA FORMULE 1 EN PARTENARIATAVEC L’ÉQUIPE BWT ALPINE F1 TEAM Fort Lauderdale (États-Unis) & Boulogne-Billancourt (France), le 2 mai 2023. AutoNation, Inc. (NYSE : AN), le distributeur automobile le plus réputé d’Amérique, annonce aujourd’hui son entrée en Formule 1 à travers son partenariat avec Alpine. Le fournisseur de solutions de transport… Continue reading RENAULT GROUP : AutoNation goûte à la Formule 1 en partenariat avec l’équipe BWT Alpine F1 Team
Ferrari N.v.: Periodic Report on the Buyback Program
Maranello (Italy), May 2, 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 billion expected to be executed by 2026 in line… Continue reading Ferrari N.v.: Periodic Report on the Buyback Program
Martinrea International Inc. to Announce First Quarter Results on May 4, 2023
TORONTO, April 27, 2023 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE) today announced it will report its financial results for the first quarter ended March 31, 2023 on Thursday, May 4, 2023 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 4, 2023
Visteon Announces First-Quarter 2023 Results
VAN BUREN TOWNSHIP, Mich., April 27, 2023 (GLOBE NEWSWIRE) — Visteon Corporation (NASDAQ: VC) today reported first quarter financial results. Highlights include: Sales of $967 million, up 22%1 from prior year 16th consecutive quarter of growth-over-market Net income of $34 million Adjusted EBITDA of $99 million or 10.2% of sales $1.5 billion in new business… Continue reading Visteon Announces First-Quarter 2023 Results