Fourth Quarter 2018 HighlightsRecord fourth quarter sales of $10.1 billion up 5% from the fourth quarter of 2017Cash from operations of $1.6 billionReturned $585 million to shareholders through share repurchases and dividendsRaised quarterly cash dividend by 11% to $0.365 per shareFull Year 2018 HighlightsRecord sales of $40.8 billion, up 12% from 2017Record diluted earnings per… Continue reading Magna Announces Fourth Quarter and 2018 Results and Raises Quarterly Cash Dividend by 11%
Category: Official Press Release
Introducing an Open Standard for Autonomous Vehicle Visualizations
Introducing an Open Standard for Autonomous Vehicle Visualizations UberATGBlockedUnblockFollowFollowing Feb 22 By: Xiaoji Chen, Joseph Lisee, Tim Wojtaszek, and Abhishek Gupta Understanding what autonomous vehicles perceive as they navigate urban environments is essential to developing safe and reliable autonomous systems. Just as we have standards for street signs and traffic infrastructure to help human drivers,… Continue reading Introducing an Open Standard for Autonomous Vehicle Visualizations
EQC on Ice: Electric on ice: winter trials of the EQC
(combined power consumption: 22.2 kWh/100 km; combined CO2 emissions: 0 g/km*, provisional figures) Endurance tests around the globe Shortly before its market launch, the EQC (combined power consumption: 22.2 kWh/100 km; combined CO2 emissions: 0 g/km, provisional figures)[1] is undergoing final tests in Sweden’s snowy landscapes. During these further winter trials in Arjeplog, Sweden, the engineers… Continue reading EQC on Ice: Electric on ice: winter trials of the EQC
Volkswagen Group brings 2018 to successful close
The Volkswagen Group has brought the 2018 fiscal year to a successful conclusion. Based on sales revenue of EUR 235.8 billion – a rise of EUR 6.3 billion – the operating profit before special items of EUR 17.1 (17.0) billion was on a level with the previous year. At 7.3 percent (7.4 percent), the operating… Continue reading Volkswagen Group brings 2018 to successful close
GM to Invest $36 Million in Lansing Plant
GM to Invest $36 Million in Lansing Plant Since 2009, GM has invested more than $600 Million in Lansing Delta Township 2019-02-18 Lansing, Mich. — General Motors is investing $36 million at its Lansing Delta Township, Michigan assembly plant for future crossover production. Lansing Delta Township (LDT) currently builds the Chevrolet Traverse and Buick Enclave… Continue reading GM to Invest $36 Million in Lansing Plant
PEUGEOT CYCLES reveals its new e-bike racing team
PEUGEOT Cycles is entering the electric race. The PEUGEOT riders, bikes and sponsors were revealed on 22 February at the PEUGEOT DESIGN LAB Studio in Vélizy (France). PEUGEOT CYCLES are taking part in the 2019 World E-Bike Series (WES), international electric mountain-bike racing series. This event will be a showcase for PEUGEOT’s range of high… Continue reading PEUGEOT CYCLES reveals its new e-bike racing team
Valmet: ACQUISITION OF OWN SHARES 21.02.2019
Valmet: ACQUISITION OF OWN SHARES 21.02.2019 Valmet Oyj NOTIFICATION 21.02.2019 at 18:30 VALMET Oyj: ACQUISITION OF OWN SHARES 21.02.2019 Date 21.02.2019 Exchange transaction Buy Share class VALMT Amount 19,600 Average price/share 21.3894 EUR Highest price/share 21.4600 EUR Lowest price/share 21.3200 EUR Total price 419,232.24 EUR The shares held… Continue reading Valmet: ACQUISITION OF OWN SHARES 21.02.2019
ZF Tells Workshops Develop Unique Position Now to Meet Demands of Next Generation Aftermarket
“Increasing technology and purchasing power driven by online sales mean that the global customer expects its demands to be met 24/7. Anything less is no longer acceptable and you will lose business. If the customer doesn’t get what they want, when they want it, in the right way and at the right price – they… Continue reading ZF Tells Workshops Develop Unique Position Now to Meet Demands of Next Generation Aftermarket
Volvo Cars introduces refreshed Volvo XC90 SUV
Volvo Cars introduces refreshed Volvo XC90 SUV Volvo Cars has today unveiled a refreshed version of its best-selling XC90 large SUV, the company’s top-of-the-line flagship, adding a newly-developed fuel-saving engine option that marks the next step in the company’s ambitious electrification strategy. The refreshed XC90 for the first time offers customers Volvo’s advanced… Continue reading Volvo Cars introduces refreshed Volvo XC90 SUV
Volvo Cars takes major step towards its electrified future with a range of new hybrid powertrains
Volvo Cars takes major step towards its electrified future with a range of new hybrid powertrains Volvo Cars has today taken a significant step towards its electrification goals with the release of upgraded and newly-developed electrified powertrain options, to be made available across its entire model range going forward. The company has upgraded… Continue reading Volvo Cars takes major step towards its electrified future with a range of new hybrid powertrains