(Reuters) -Canadian auto parts supplier Magna International raised annual sales forecast and topped second-quarter estimates on Friday, benefiting from its cost-cutting measures. The company had said in May it would take steps such as restructuring and reduced capital and engineering spending to cushion the hit from sweeping tariffs. U.S. President Donald Trump’s levies have pressured… Continue reading Magna raises sales forecast, beats quarterly view on cost cuts
Tag: Contract Manufacturer
Pedestrian Protection Airbag Market Report 2025 | Tech Advances Propel Pedestrian Airbags to $2.91 Billion Market by 2029
Company Logo The pedestrian protection airbag market is booming, projected to grow from $1.77 billion in 2024 to $2.91 billion by 2029, driven by increased vehicle traffic and safety concerns. Major players include Toyota and Autoliv, with Asia-Pacific as the fastest-growing region. Innovations include recycled polyester airbags. Dublin, Aug. 01, 2025 (GLOBE NEWSWIRE) — The… Continue reading Pedestrian Protection Airbag Market Report 2025 | Tech Advances Propel Pedestrian Airbags to $2.91 Billion Market by 2029
Magna raises sales forecast, beats quarterly view on cost cuts
(Reuters) -Canadian auto parts supplier Magna International raised annual sales forecast and topped second-quarter estimates on Friday, benefiting from its cost-cutting measures. The company had said in May it would take steps such as restructuring and reduced capital and engineering spending to cushion the hit from sweeping tariffs. U.S. President Donald Trump’s levies have pressured… Continue reading Magna raises sales forecast, beats quarterly view on cost cuts
Tata Motors Signs MoU with Green Energy Mobility Solutions for 100 Electric Intercity Coaches
Tata Motors has signed a Memorandum of Understanding (MoU) with Green Energy Mobility Solutions Pvt. Ltd (GEMS), the electric mobility subsidiary of Universal Bus Services (UBS), to supply 100 units of its all-electric Magna EV intercity coaches. The agreement was announced during the Passenger Vehicle Expo 2.0 held in Chennai, where Tata Motors also showcased… Continue reading Tata Motors Signs MoU with Green Energy Mobility Solutions for 100 Electric Intercity Coaches
Magna Announces Second Quarter 2025 Results
Strong second quarter performance reflected disciplined execution and operational excellence Comparing the second quarter of 2025 to the second quarter of 2024: Sales decreased 3% to $10.6 billion, as light vehicle production declined 6% and 2% in North America and Europe, respectively Income from operations before income taxes increased 16% to $496 million Adjusted EBIT… Continue reading Magna Announces Second Quarter 2025 Results
@BMW: Steyr goes electric: BMW Group launches series production of electric motors for Neue Klasse004272
BMW Group Plant Steyr today began series production of the e-motor for the Neue Klasse. Go to Source
@BMW: Steyr goes electric: BMW Group launches series production of electric engines for Neue Klasse004272
Munich/Steyr (Austria). The BMW Group Plant Steyr today began series production of the e-engine for the Neue Klasse. “Today, we are laying the foundations for the future of the BMW Group,” explained Milan Nedeljković, member of the Board of Management of BMW AG responsible for Production. “As the first production site for the Gen6 electric… Continue reading @BMW: Steyr goes electric: BMW Group launches series production of electric engines for Neue Klasse004272
Bank Leumi to Report 2Q 2025 Financial Results on August 13, 2025
TEL AVIV, Israel, July 30, 2025 /PRNewswire/ — Bank Leumi (TASE:LUMI) announced today that it will release its Second Quarter Financial Results on Wednesday, August 13, 2025. A conference call for analysts and investors will be held on the same day at 5 PM (Israel); 3 PM (UK); 10 AM (EST) to discuss the results.… Continue reading Bank Leumi to Report 2Q 2025 Financial Results on August 13, 2025
LG Innotek Teams Up with U.S. LiDAR Company Aeva in Preparation to Preempt the Market
Selected as Aeva’s supplier for an ultra-slim, ultra-long-range 4D LiDAR Joint development of LiDAR for autonomous driving car∙robots∙industrial automation, along with the anticipated acquisition of 6.0% equity stake in Aeva Announcement of cooperation roadmap at ‘Aeva Day’ event SEOUL, South Korea, July 29, 2025 /PRNewswire/ — LG Innotek has teamed up with Aeva, an American… Continue reading LG Innotek Teams Up with U.S. LiDAR Company Aeva in Preparation to Preempt the Market
Magna Advances Vehicle Safety Innovation with Integrated Interior Sensing Systems
Magna’s integrated interior sensing systems are experiencing growing demand from multiple OEMs worldwide Interior sensing systems are essential for comprehensive and responsive vehicle safety while maintaining a positive driving experience Advanced features in Child Presence Detection technology enhance occupant safety, preventing heatstroke in vulnerable passengers AURORA, Ontario, July 29, 2025 (GLOBE NEWSWIRE) — Magna is… Continue reading Magna Advances Vehicle Safety Innovation with Integrated Interior Sensing Systems