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
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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
REFILE-Auto parts maker Magna International raises annual forecast
(Corrects date to May 5, from May 3) May 5 (Reuters) – Canadian auto parts maker Magna International Inc, on Friday, raised its full-year sales forecast as easing supply chain constraints improve prospects for ramping up production. Magna’s revenue for the year is now expected to be between $40.2 billion and $41.8 billion, up from… Continue reading REFILE-Auto parts maker Magna International raises annual forecast
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
Europa Wire: AFRY to improve production line at Valmet Automotive car plant in Finland 000611
AFRY to improve production line at Valmet Automotive’s car plant in Finland (IN BRIEF) AFRY, a Swedish engineering and consulting company, has signed a contract with Valmet Automotive, a car manufacturer, to improve and develop the manufacturing process and production line at its car plant in Finland. The project includes modifying part of Valmet Automotive’s… Continue reading Europa Wire: AFRY to improve production line at Valmet Automotive car plant in Finland 000611
Yuma Energy appoints Deepak Nanwani as the Head of Revenue and Operations
Yuma Energy, a joint venture between automotive supplier Magna, and Yulu, India’s largest shared electric micro-mobility player, announced the appointment of Deepak Nanwani as the Head of Revenue and Operations. Deepak will work towards strengthening the Yuma network to foster anxiety-free e-mobility for the masses and build partnerships with original equipment manufacturers to onboard them… Continue reading Yuma Energy appoints Deepak Nanwani as the Head of Revenue and Operations