Amsterdam, the Netherlands, 23 July 2021, TomTom (TOM2), the mapmaker and location technology specialist, today announced that Karien van Gennip has been nominated for appointment to the TomTom Supervisory Board for a term of four years. Her appointment will be proposed at an Extraordinary General Meeting to be convened later this year. Karien van Gennip (1968, Dutch) is Chairman of the Executive Board and CEO… Continue reading TomTom nominates Karien van Gennip as new Supervisory Board Member
Category: Suppliers
Magna Buys Driver-Assist Supplier Veoneer for $3.8 Billion
(Bloomberg) — Magna International Inc. will acquire Veoneer Inc. for $3.8 billion in cash, bolstering its business supplying advanced driver-assistance systems to automakers. The $31.25-a-share offer represents a 57% premium to Veoneer’s closing price on Thursday. The transaction is expected to close toward the end of this year, according to a statement. Veoneer shares traded… Continue reading Magna Buys Driver-Assist Supplier Veoneer for $3.8 Billion
Magna (MGA) to Enhance ADAS Portfolio on Veoneer Acquisition
Magna International MGA recently entered into an agreement to acquire Veoneer Inc. VNE — an automotive-safety technology company — with a vision to expand its advanced driving assistance systems (ADAS). Per the agreement, Magna will acquire all of the issued and outstanding shares of Veoneer for $31.25 per share in cash, representing an equity value… Continue reading Magna (MGA) to Enhance ADAS Portfolio on Veoneer Acquisition
Magna To Buy Veoneer For $3.8B
Motley Fool 3 Top Stocks to Buy in July The S&P 500 is up roughly 15% across 2021’s trading, but concerns related to the pandemic and inflation are also creating volatility. Airbnb (NASDAQ: ABNB) has already disrupted the travel space, and its name is virtually synonymous with the short-term vacation rental category. Surging cases of… Continue reading Magna To Buy Veoneer For $3.8B
Will Eaton (ETN) Beat Estimates Again in Its Next Earnings Report?
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Eaton (ETN), which belongs to the Zacks Manufacturing – Electronics industry. This power management company has seen a nice streak of beating earnings estimates, especially when looking at the previous two… Continue reading Will Eaton (ETN) Beat Estimates Again in Its Next Earnings Report?
Tight Battery Market Is Next Test for EVs After Chip Crisis
(Bloomberg) — Rising demand from electric vehicles and challenges in securing raw materials will deliver a battery supply crunch for automakers already grappling with a chip crisis, according to a key Chinese manufacturer. “When the chip shortage is over, the major supply shortage the industry faces would be batteries,” Yang Hongxin, chairman of SVolt Energy… Continue reading Tight Battery Market Is Next Test for EVs After Chip Crisis
Nikola stock falls after shareholders file to sell off their stakes
Share of Nikola Corp. shed 2.7% in morning trading Friday, after the electric vehicle maker disclosed the offering of 1.68 million shares by selling stockholders. In and S-1 filing with the Securities and Exchange Commission late Thursday, Quasar Energy Partners LLC, Philipp Brothers Fertilizer LLC and Little Brothers LLC are selling off their entire stakes… Continue reading Nikola stock falls after shareholders file to sell off their stakes
The rise of warehouse remote working
Warehouse managers can now take advantage of technology that makes it possible for employees to work remotely – and track their assets without being there. Working from home has become the new normal for many office workers. A recent survey found that even after the pandemic, 74% of workers expect remote working to continue. But… Continue reading The rise of warehouse remote working
Magna to Acquire Veoneer, Positioning Magna’s ADAS Business as a Global Leader in a Fast-Growing Industry
Veoneer’s complementary products and capabilities strengthen and broaden Magna’s ADAS portfolio and industry position Transaction adds significant engineering and software expertise, including in sensor perception and drive policy software Enhances Magna’s ADAS systems capabilities and feature functionality AURORA, Ontario and STOCKHOLM, Sweden, July 22, 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA)… Continue reading Magna to Acquire Veoneer, Positioning Magna’s ADAS Business as a Global Leader in a Fast-Growing Industry
Will Goodyear (GT) Beat Estimates Again in Its Next Earnings Report?
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Goodyear (GT). This company, which is in the Zacks Rubber – Tires industry, shows potential for another earnings beat. This tire… Continue reading Will Goodyear (GT) Beat Estimates Again in Its Next Earnings Report?