Magna Announces Third Quarter 2020 Results

Sales of $9.1 billion decreased 2%, compared to 4% lower global light vehicle productionRecorded non-cash impairment charges of $200 million after income taxes and loss attributable to non-controlling interests related to our investment in an equity accounted transmissions joint ventureDiluted earnings per share of $1.35, compared to diluted loss per share of $0.75 in the… Continue reading Magna Announces Third Quarter 2020 Results

Press release – Q3 2020 Sales

Financial Results | 27 Oct, 2020 | 5 min Third-quarter sales of 4.4 billion euros   Original equipment sales performance in line with the market   Full-year outperformance of around 5 percentage points confirmed   AAA rating from ESG rating agency MSCI   Financial objectives revised upward: EBITDA margin(1) representing more than 12% in the… Continue reading Press release – Q3 2020 Sales

Eaton Corporation PLC (ETN) Q3 2020 Earnings Call Transcript

Bloomberg Derailing of Jack Ma’s Ant IPO Shows Xi Jinping’s in Charge (Bloomberg) — China’s move to abruptly halt the world’s biggest stock-market debut sends global investors a clear message: Any financial opening will only be done on terms that benefit President Xi Jinping and the Communist Party.Policy makers in Beijing shocked the investment world… Continue reading Eaton Corporation PLC (ETN) Q3 2020 Earnings Call Transcript

Valmet Automotive expands production capacity of battery packs in Salo

Valmet Automotive is extending the battery plant in Salo, Finland after less than 12 months of operation to meet the needs of increased production volumes of battery packs. The extension will increase the production capacity of battery packs and double the number of employees in the next few years. The construction work has already started and will… Continue reading Valmet Automotive expands production capacity of battery packs in Salo

Continental to Handle Tire Service for EV Fleet of Ride-sharing Provider MOIA

Conti360° Fleet Solutions contract covers VW subsidiary’s entire EV fleet 24/7 tire service means lower downtimes for MOIA All-season tire offers good handling properties and greater safety Hanover, Germany, November 2, 2020 Continental and MOIA are joining forces to help deliver the sustainable mobility of the future. The premium tire manufacturer is supporting MOIA, a… Continue reading Continental to Handle Tire Service for EV Fleet of Ride-sharing Provider MOIA

LG ANNOUNCES THIRD-QUARTER 2020 FINANCIAL RESULTS

October 30, 2020 LG ANNOUNCES THIRD-QUARTER 2020 FINANCIAL RESULTS Open share list Share this content. Record High Third-Quarter Revenue and Operating Income Margin Reflect Strong Home Appliance, Consumer Electronics Growth SEOUL, Oct. 30, 2020 — LG Electronics Inc. (LG) today announced third-quarter 2020 consolidated revenue of KRW 16.92 trillion (USD 14.24 billion) and operating profit… Continue reading LG ANNOUNCES THIRD-QUARTER 2020 FINANCIAL RESULTS