LOS ANGELES & MUNICH–(BUSINESS WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, continues its phased launch of the all-electric Fisker Ocean SUV in Europe with the registration of the first Fisker Ocean in Germany and the opening of two new customer facilities in Munich.… Continue reading @Fisker: Fisker Completes First German Vehicle Registration and Opens New Customer Facilities in Munich000127
Tag: Contract Manufacturer
World NM: Unions call two-day strike at VDL Nedcar in dispute over job losses001856
Photo: Depositphotos Workers at car manufacturer VDL Nedcar have begun a two-day strike in a dispute over a deal for staff who face losing their jobs when the company’s contract with BMW runs out next year. Unions have called on the company to invest €240 mln in measures for workers who are laid off when… Continue reading World NM: Unions call two-day strike at VDL Nedcar in dispute over job losses001856
@niche: Magna (MGA) Q1 Earnings and Revenues Top Estimates002682
Magna (MGA) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $1.28 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 16.84%. A quarter ago, it was expected that this… Continue reading @niche: Magna (MGA) Q1 Earnings and Revenues Top Estimates002682
Fisker (FSR) delivers the first Ocean electric SUV model
American EV maker Fisker Inc. (NYSE: FSR) delivered its first electric Ocean SUV model to a customer at its new facility in Copenhagen, Denmark Friday. The Ocean is Fisker Inc’s first electric vehicle since revamping the brand in 2016 after Henrik Fisker’s previous startup, Fisker Automotive, went bankrupt in 2013. Fisker believes this time is… Continue reading Fisker (FSR) delivers the first Ocean electric SUV model
@Fisker: Fisker Delivers First All-Electric Fisker Ocean SUV000126
LOS ANGELES & MUNICH–(BUSINESS WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, announces that the first customer has taken delivery of the brand-new Fisker Ocean all-electric SUV. The owner received their vehicle from Fisker Chairman and CEO Henrik Fisker at the recently opened Fisker… Continue reading @Fisker: Fisker Delivers First All-Electric Fisker Ocean SUV000126
Auto parts maker Magna International raises annual sales forecast
Automakers are also revving up production to meet a strong order backlog and get enough vehicles to dealers on time. Magna International Inc on Friday slightly raised its full-year sales forecast as the Canadian auto parts maker expects light vehicle production to improve in its two biggest markets of North America and Europe. The global… Continue reading Auto parts maker Magna International raises annual sales forecast
Canada’s Magna raises profit forecast as global auto production improves
May 3 (Reuters) – Canadian auto parts maker Magna International Inc (MG.TO) raised its full-year earnings forecast on Friday, betting on increased production of cars and other light vehicles in North America and Europe as supply-chain constraints ease. Magna also joined peer Aptiv PLC (APTV.N) in issuing positive commentary on the supply chain as the… Continue reading Canada’s Magna raises profit forecast as global auto production improves
Magna Announces First Quarter 2023 Results
Sales increased 11% to $10.7 billion, compared to a global light vehicle production that rose 3% Diluted earnings per share and Adjusted diluted earnings per share were $0.73 and $1.11, respectively Paid dividends of $132 million Raised Adjusted EBIT Margin Outlook range to 4.7%-5.1% from 4.1%-5.1% AURORA, Ontario, May 05, 2023 (GLOBE NEWSWIRE) — Magna… Continue reading Magna Announces First Quarter 2023 Results
UPDATE 3-Canada’s Magna raises profit forecast as global auto production improves
(Recasts paragraph 1; adds CEO comment in paragraph 3 and analyst comment in paragraph 10) By Raechel Thankam Job May 5 (Reuters) – Canadian auto parts maker Magna International Inc raised its full-year earnings forecast on Friday, betting on increased production of cars and other light vehicles in North America and Europe as supply-chain constraints… Continue reading UPDATE 3-Canada’s Magna raises profit forecast as global auto production improves
Canada’s Magna raises profit forecast as global auto production improves
By Raechel Thankam Job (Reuters) -Canadian auto parts maker Magna International Inc raised its full-year earnings forecast on Friday, betting on increased production of cars and other light vehicles in North America and Europe as supply-chain constraints ease. Magna also joined peer Aptiv PLC in issuing positive commentary on the supply chain as the auto… Continue reading Canada’s Magna raises profit forecast as global auto production improves