(Bloomberg) — Qualcomm Inc. offered to buy automotive technology company Veoneer Inc. for $4.6 billion, muscling in on a bid Magna International Inc. made for the supplier last month. At $37 a share, Qualcomm is offering an 18% premium to Magna’s $31.25-a-share bid. Veoneer and Magna said last month their boards had unanimously approved what… Continue reading Qualcomm Bids $4.6 Billion for Veoneer in Battle With Magna
Category: Suppliers
Aptiv Reports Second Quarter 2021 Financial Results
Record Revenue Growth and Growth Over Market Raising Full Year Outlook DUBLIN, Aug. 5, 2021 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company focused on making mobility safer, greener and more connected, today reported second quarter 2021 U.S. GAAP earnings of $0.54 per diluted share. Excluding special items, second quarter earnings totaled $0.60… Continue reading Aptiv Reports Second Quarter 2021 Financial Results
Adient (ADNT) Reports Q3 Loss, Tops Revenue Estimates
Adient (ADNT) came out with a quarterly loss of $0.53 per share versus the Zacks Consensus Estimate of $0.08. This compares to loss of $2.78 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -762.50%. A quarter ago, it was expected that this automotive… Continue reading Adient (ADNT) Reports Q3 Loss, Tops Revenue Estimates
Adient reports third quarter 2021 financial results
Temporary macro factors (primarily semiconductor supply chain disruptions and rising commodity prices) continue to impact the industry and Adient’s near-term results PLYMOUTH, Mich., Aug. 5, 2021 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced third quarter 2021 financial results. (PRNewsfoto/Adient) Q3 GAAP net income and EPS diluted of $(71)M and… Continue reading Adient reports third quarter 2021 financial results
Quanergy Expands Its Distribution of Industrial LiDAR Solutions with PowerMotion
SUNNYVALE, Calif.–(BUSINESS WIRE)– #AoT–Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced a partnership with industrial automation distributor Power Motion to deliver 2D and 3D LiDAR solutions for industrial automation throughout the South Central United States. Power Motion offers a broad portfolio… Continue reading Quanergy Expands Its Distribution of Industrial LiDAR Solutions with PowerMotion
Daimler Truck AG and Cummins Inc. Have Signed Global Framework Agreement for Cooperation in Medium-duty Commercial Vehicle Engines
STUTTGART, Germany & COLUMBUS, Ind.–(BUSINESS WIRE)–Daimler Truck AG and U.S.-based global power leader and engine manufacturer Cummins Inc. (NYSE: CMI) announced in February that they would enter into a global strategic partnership for medium-duty engines. The details of the agreement have been established and the framework agreement has been signed by both companies. Under the… Continue reading Daimler Truck AG and Cummins Inc. Have Signed Global Framework Agreement for Cooperation in Medium-duty Commercial Vehicle Engines
Meritor Reports Third-Quarter Fiscal Year 2021 Results
TROY, Mich., Aug. 4, 2021 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today reported financial results for its third fiscal quarter that ended June 30, 2021. Third-Quarter Highlights Sales of $1,016 million Net income attributable to Meritor and net income from continuing operations attributable to Meritor of $42 million Diluted earnings per share from continuing operations of $0.58… Continue reading Meritor Reports Third-Quarter Fiscal Year 2021 Results
Meritor Selected by Hyliion to Supply Blue Horizon Electrification Technology for New Hypertruck ERX™ Launch
TROY, Mich., Aug. 4, 2021 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced it will provide electric drivetrain sub-systems for Hyliion’s Hypertruck ERX™ electrified powertrain for Class 8 trucks. Hyliion’s powertrain system will feature Meritor’s Blue Horizon™ 14Xe™ ePowertrain integrated drive axles as the standard position propulsion and regeneration hardware on Hyliion vehicle upfits. Hypertruck ERX… Continue reading Meritor Selected by Hyliion to Supply Blue Horizon Electrification Technology for New Hypertruck ERX™ Launch
Eaton Corporation plc (ETN) Q2 2021 Earnings Call Transcript
Motley Fool 3 High-Growth Healthcare Stocks to Buy in August If you’re looking for stocks that can provide life-changing returns, the healthcare sector has exactly what want. Laboratory-to-market synthetic biology, or synbio, platforms are a dime a dozen these days, but Amyris stands head and shoulders above the rest. In March, Amyris announced success at… Continue reading Eaton Corporation plc (ETN) Q2 2021 Earnings Call Transcript
BorgWarner (BWA) Beats Q2 Earnings and Revenue Estimates
BorgWarner (BWA) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 36.71%. A quarter ago, it was expected that this… Continue reading BorgWarner (BWA) Beats Q2 Earnings and Revenue Estimates