Tag: Magna

Magna: Q4 Earnings Snapshot

AURORA, Ontario (AP) — AURORA, Ontario (AP) — Magna International Inc. (MGA) on Friday reported fourth-quarter profit of $203 million. The Aurora, Ontario-based company said it had profit of 71 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, were $1.69 per share. The results surpassed Wall Street expectations. The average estimate of… Continue reading Magna: Q4 Earnings Snapshot

Magna Announces Fourth Quarter 2024 Results and 2025 Outlook

 Fourth Quarter 2024 Highlights Sales increased 2% to $10.6 billion, in-line with global light vehicle production Diluted earnings per share of $0.71 and Adjusted diluted earnings per share of $1.69, compared to $0.94 and $1.33, respectively Generated $1.9 billion in cash from operating activities Returned $335 million to shareholders through dividends and share repurchases Raised… Continue reading Magna Announces Fourth Quarter 2024 Results and 2025 Outlook

QuantumScape to Report Q4 Earnings: What’s in the Cards?

QuantumScape Corporation QS is slated to release fourth-quarter 2024 results on Feb. 12, after the closing bell. The Zacks Consensus Estimate for QS’ loss is pegged at 23 cents per share for the fourth quarter. The company had incurred a loss of 23 cents in the year-ago period. The consensus estimate for fourth-quarter 2024 loss… Continue reading QuantumScape to Report Q4 Earnings: What’s in the Cards?

Magna supplies eDrive system to electrified Mercedes-Benz G-Class

Technology company Magna, which is one of the world’s largest suppliers in the automotive industry with a global team of over 175,000 employees across 343 manufacturing operations and 107 product development, engineering and sales centres spanning 28 countries, has strengthened its partnership with German luxury carmaker, Mercedes-Benz. For several decades, Magna, which is also one… Continue reading Magna supplies eDrive system to electrified Mercedes-Benz G-Class

Magna supplies eDrive system to electrified Mercedes-Benz G-Class

Technology company Magna, which is one of the world’s largest suppliers in the automotive industry with a global team of over 175,000 employees across 343 manufacturing operations and 107 product development, engineering and sales centres spanning 28 countries, has strengthened its partnership with German luxury carmaker, Mercedes-Benz. For several decades, Magna, which is also one… Continue reading Magna supplies eDrive system to electrified Mercedes-Benz G-Class

Magna Expands Long-Term Innovation Partnership with Mercedes-Benz

Ongoing collaboration underscores commitment to innovation and excellence in the automotive industry Partnership strengthened through development and engineering services up to the production of the all-new electric model of Mercedes-Benz’s iconic off-roader Magna’s eDS Duo electric drive system demonstrates innovative approach to delivering advanced powertrain solutions AURORA, Ontario, Feb. 11, 2025 (GLOBE NEWSWIRE) — For… Continue reading Magna Expands Long-Term Innovation Partnership with Mercedes-Benz

Magna Expands Long-Term Innovation Partnership with Mercedes-Benz

Magna International Inc. Ongoing collaboration underscores commitment to innovation and excellence in the automotive industry Partnership strengthened through development and engineering services up to the production of the all-new electric model of Mercedes-Benz’s iconic off-roader Magna’s eDS Duo electric drive system demonstrates innovative approach to delivering advanced powertrain solutions AURORA, Ontario, Feb. 11, 2025 (GLOBE… Continue reading Magna Expands Long-Term Innovation Partnership with Mercedes-Benz

Magna Expands Long-Term Innovation Partnership with Mercedes-Benz

Ongoing collaboration underscores commitment to innovation and excellence in the automotive industry Partnership strengthened through development and engineering services up to the production of the all-new electric model of Mercedes-Benz’s iconic off-roader Magna’s eDS Duo electric drive system demonstrates innovative approach to delivering advanced powertrain solutions AURORA, Ontario, Feb. 11, 2025 (GLOBE NEWSWIRE) — For… Continue reading Magna Expands Long-Term Innovation Partnership with Mercedes-Benz