DEARBORN, Mich.–(BUSINESS WIRE)–Ford Motor Company and Ford Motor Credit Company will participate in the 2023 J.P. Morgan Auto Conference. Executives will discuss continued delivery of the Ford+ plan to grow and create value in a new era of connected and electric vehicles. Ford Credit CFO Eliane Okamura will take part in a fireside chat at… Continue reading @Ford: Ford and Ford Credit to Participate in J.P. Morgan Auto Conference
Category: Automotive
Volvo’s exit from estate market is sad but sensible
It was the sight of Jan Lammers and Rickard Rydell wrestling their unapologetically boxy Volvo 850 estates around the circuits of Britain in the 1994 British Touring Car Championship that did it for me. Forget the Alfa Romeos that won everything that year: it was Volvo, maker of safe, practical, boxy cars, that became cool in… Continue reading Volvo’s exit from estate market is sad but sensible
Magna to Launch Industry-First Award With Modular eDecoupling Unit for BEVS
Magna International Inc. Magna eDecoupling Unit Magna’s new eDecoupling unit will be produced in Lannach, Austria. First-to-market bolt-on stand-alone solution for BEVs Launching on multiple vehicles of a German premium automaker New application contributes significantly to increasing electric driving range AURORA, Ontario, Aug. 01, 2023 (GLOBE NEWSWIRE) — Magna is dedicated to advancing its electric… Continue reading Magna to Launch Industry-First Award With Modular eDecoupling Unit for BEVS
Zacks Industry Outlook Highlights Magna International, Lear, Autoliv and Gentex
For Immediate Release Chicago, IL – August 1, 2023 – Today, Zacks Equity Research discusses Magna International MGA, Lear Corp. LEA, Autoliv, Inc. ALV and Gentex Corp. GNTX. Industry: Auto Equipment Link: https://www.zacks.com/commentary/2129858/4-picks-from-the-robust-auto-equipment-industry-to-fuel-your-gains The Zacks Automotive – Original Equipment industry is poised for growth due to pent-up vehicle demand and improved inventory levels. Adapting to… Continue reading Zacks Industry Outlook Highlights Magna International, Lear, Autoliv and Gentex
Zacks Industry Outlook Highlights Magna International, Lear, Autoliv and Gentex
For Immediate Release Chicago, IL – August 1, 2023 – Today, Zacks Equity Research discusses Magna International MGA, Lear Corp. LEA, Autoliv, Inc. ALV and Gentex Corp. GNTX. Industry: Auto Equipment Link: https://www.zacks.com/commentary/2129858/4-picks-from-the-robust-auto-equipment-industry-to-fuel-your-gains The Zacks Automotive – Original Equipment industry is poised for growth due to pent-up vehicle demand and improved inventory levels. Adapting to… Continue reading Zacks Industry Outlook Highlights Magna International, Lear, Autoliv and Gentex
Lear Reports Improved Second Quarter 2023 Results
SOUTHFIELD, Mich., Aug. 1, 2023 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the second quarter 2023. Lear Corporation Logo. (PRNewsFoto/Lear Corporation) (PRNewsfoto/Lear Corporation) Second Quarter 2023 Highlights Sales increased 18% to a record $6.0 billion, compared to $5.1 billion in the second quarter… Continue reading Lear Reports Improved Second Quarter 2023 Results
Eaton Reports Record Quarterly Results With 23% Backlog Growth and 1.2 Book-to-Bill Ratio
13% organic sales growth, above the high end of guidance, record quarterly segment margins of 21.6%, 150 basis points above the second quarter of 2022 and a 33% incremental margin Robust operating cash flow of $851 million, up 150%, and free cash flow of $691 million, up 244% versus prior year DUBLIN, August 01, 2023–(BUSINESS… Continue reading Eaton Reports Record Quarterly Results With 23% Backlog Growth and 1.2 Book-to-Bill Ratio
Lear (LEA) Tops Q2 Earnings and Revenue Estimates
Lear (LEA) came out with quarterly earnings of $3.33 per share, beating the Zacks Consensus Estimate of $3.21 per share. This compares to earnings of $1.79 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.74%. A quarter ago, it was expected that this… Continue reading Lear (LEA) Tops Q2 Earnings and Revenue Estimates
Zacks Industry Outlook Highlights Magna International, Lear, Autoliv and Gentex
For Immediate Release Chicago, IL – August 1, 2023 – Today, Zacks Equity Research discusses Magna International MGA, Lear Corp. LEA, Autoliv, Inc. ALV and Gentex Corp. GNTX. Industry: Auto Equipment Link: https://www.zacks.com/commentary/2129858/4-picks-from-the-robust-auto-equipment-industry-to-fuel-your-gains The Zacks Automotive – Original Equipment industry is poised for growth due to pent-up vehicle demand and improved inventory levels. Adapting to… Continue reading Zacks Industry Outlook Highlights Magna International, Lear, Autoliv and Gentex
Here’s What to Expect From Crawford’s (CRD-A) Q2 Earnings
Crawford & Company(CRD.A) is scheduled to report its second-quarter 2023 results on Aug 3, after market close. The company has an earnings surprise history of 18.36% on average, in the trailing four quarters. Expectations This Time Around The Zacks Consensus Estimate for Crawford’s revenues in the to-be-reported quarter is pegged at $313.3 million, indicating a… Continue reading Here’s What to Expect From Crawford’s (CRD-A) Q2 Earnings