Magna International MGA reported second-quarter 2023 adjusted earnings of $1.50 per share, up 80.7% on a year-over-year basis. The bottom line also surpassed the Zacks Consensus Estimate of $1.25 a share. Better-than-expected revenues across all segments led to the outperformance. In the reported quarter, net sales increased 17% from the prior-year quarter to $10,982 million, surpassing… Continue reading Magna (MGA) Tops Q2 Earnings Estimates, Lifts ’23 Sales View
Tag: Magna
Magna begins production of modular eDecoupling unit for BEVs
Magna has announced the start of production of a first-to-market, modular eDecoupling unit to support multiple battery electric vehicle (BEV) programs for a German premium OEM. A bolt-on stand-alone solution for BEVs, Magna’s electro-magnetic eDecoupling is a robust, field proven product technology that is integrated as a complete module. The eDecoupling is an electromechanical device… Continue reading Magna begins production of modular eDecoupling unit for BEVs
Magna begins production of modular eDecoupling unit for BEVs
Magna has announced the start of production of a first-to-market, modular eDecoupling unit to support multiple battery electric vehicle (BEV) programs for a German premium OEM. A bolt-on stand-alone solution for BEVs, Magna’s electro-magnetic eDecoupling is a robust, field proven product technology that is integrated as a complete module. The eDecoupling is an electromechanical device… Continue reading Magna begins production of modular eDecoupling unit for BEVs
Magna International Inc. (NYSE:MGA) Q2 2023 Earnings Call Transcript
Magna International Inc. (NYSE:MGA) Q2 2023 Earnings Call Transcript August 4, 2023 Operator: Greetings and welcome to the Q2 2023 results conference call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question and answer session. At that time, if you have a question, please press the one… Continue reading Magna International Inc. (NYSE:MGA) Q2 2023 Earnings Call Transcript
The Automotive Glass Market to grow at a CAGR of 4.15% from 2022 to 2027|The increased demand for premium vehicles and sunroofs to drive growth-Technavio
NEW YORK, Aug. 4, 2023 /PRNewswire/ — The automotive glass market is expected to increase by USD 4. 72 billion from 2022 to 2027, and the market’s growth momentum will accelerate at a CAGR of 4.15%, according to Technavio – Download the Sample Report Automotive Glass Market Insights – Continue Reading Technavio has announced its latest… Continue reading The Automotive Glass Market to grow at a CAGR of 4.15% from 2022 to 2027|The increased demand for premium vehicles and sunroofs to drive growth-Technavio
Fisker (FSR) cuts guidance again despite hitting an ‘inflection’ point in Q2
California-based Fisker Inc. (FSR) released its second-quarter earnings Friday. Despite improving profitability, Fisker lowered its annual production guidance again due to supplier constraints. Fisker cuts 2023 EV production guidance Fisker delivered its first Ocean electric SUV in May as the EV startup began ramping up production. After producing 55 Ocean SUVs in the first three… Continue reading Fisker (FSR) cuts guidance again despite hitting an ‘inflection’ point in Q2
@Fisker: Fisker Inc. Announces Second Quarter 2023 Financial Results*000144
LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, today announced its financial results for the second quarter ended June 30, 2023. “Our second quarter marked an important milestone for Fisker as we started deliveries of our first Fisker Ocean vehicles to customers.… Continue reading @Fisker: Fisker Inc. Announces Second Quarter 2023 Financial Results*000144
@Fisker: Fisker Inc. Announces Second Quarter 2023 Financial Results*000145
LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, today announced its financial results for the second quarter ended June 30, 2023. “Our second quarter marked an important milestone for Fisker as we started deliveries of our first Fisker Ocean vehicles to customers.… Continue reading @Fisker: Fisker Inc. Announces Second Quarter 2023 Financial Results*000145
@Fisker: Fisker Showcases Future Vehicle Lineup at First-ever Product Vision Day000144
LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, today showcased its future vehicle lineup in Huntington Beach, CA. The Manhattan Beach-based carmaker presented four vehicles, as well as technology and sustainability visions, to an audience of investors, analysts, employees, and the media.… Continue reading @Fisker: Fisker Showcases Future Vehicle Lineup at First-ever Product Vision Day000144
Fisker cuts output forecast on lingering supply chain woes; loss narrows
Fisker recorded its first quarterly revenue from sales as the electric sport utility vehicle (SUV) maker kicked off deliveries in Europe and the United States. Fisker Inc’s smaller-than-expected quarterly loss and first revenue from deliveries of its electric sport utility vehicles helped counter an annual production cut, sending its shares up more than 2% in… Continue reading Fisker cuts output forecast on lingering supply chain woes; loss narrows