Magna (MGA) came out with quarterly earnings of $1.07 per share, missing the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -5.31%. A quarter ago, it was expected that this… Continue reading Magna (MGA) Q3 Earnings and Revenues Lag Estimates
Tag: Magna
Magna Announces Third Quarter 2022 Results
Magna International Inc. Swamy Kotagiri, Magna’s Chief Executive Officer “In the third quarter, we managed through an operating environment that remains challenged by ongoing production schedule volatility and elevated energy costs in Europe. We continue to take steps to address the short-term industry turbulence as well as operating inefficiencies at certain facilities, while remaining focused… Continue reading Magna Announces Third Quarter 2022 Results
Magna Announces Third Quarter 2022 Results
Sales increased 17% to $9.3 billion, compared to a global light vehicle production increase of 24% Excluding foreign currency translation and acquisitions net of divestitures, sales increased 27% Diluted earnings per share and adjusted diluted earnings per share increased to $1.00 and $1.07, respectively, compared to $0.04 and $0.56 last year Returned $305 million to… Continue reading Magna Announces Third Quarter 2022 Results
Automotive Engineering Service Providers (ESP) Market 2023-2027 Along with 5-Year Historic (2017-2021) Industry Size & Comparison of 20 Vendors and 14 Countries
NEW YORK, Nov. 3, 2022 /PRNewswire/ — The Automotive Engineering Service Providers (ESP) Market share is expected to increase by USD 8381.88 million from 2022 to 2027, with an accelerated CAGR of 8.2% – according to the recent market study by Technavio. This report also offers a 5-year historic (2017-2021) data projection of market size, segment,… Continue reading Automotive Engineering Service Providers (ESP) Market 2023-2027 Along with 5-Year Historic (2017-2021) Industry Size & Comparison of 20 Vendors and 14 Countries
India can emerge as global hub for 48V EV tech: Magna CTO
Global Tier 1 giant recently opened a new e-mobility engineering centre in Bengaluru with simultaneous focus on tapping growth in micro-mobility solutions. Early last month, Magna International opened a new engineering centre in Bengaluru, outlining an investment of Rs 970 crore. The company aims to drive innovation for e-mobility projects with this facility where technical… Continue reading India can emerge as global hub for 48V EV tech: Magna CTO
India can emerge as global hub for 48V EV tech: Magna CTO
Global Tier 1 giant recently opened a new e-mobility engineering centre in Bengaluru with simultaneous focus on tapping growth in micro-mobility solutions. Early last month, Magna International opened a new engineering centre in Bengaluru, outlining an investment of Rs 970 crore. The company aims to drive innovation for e-mobility projects with this facility where technical… Continue reading India can emerge as global hub for 48V EV tech: Magna CTO
India can emerge as global hub for 48V EV tech: Magna CTO
Global Tier 1 giant recently opened a new e-mobility engineering centre in Bengaluru with simultaneous focus on tapping growth in micro-mobility solutions. Early last month, Magna International opened a new engineering centre in Bengaluru, outlining an investment of Rs 970 crore. The company aims to drive innovation for e-mobility projects with this facility where technical… Continue reading India can emerge as global hub for 48V EV tech: Magna CTO
Fisker Q3 results: 62k reservations, 42k units coming in 2023, and a drivable PEAR Prototype
According to its financial results report for Q3 2022 released today, Fisker remains on schedule to begin production of its flagship Ocean SUV two weeks from now. The American EV automaker is also reporting over 62,000 combined reservations and orders ahead of a four phase production plan that’s expected to produce 42,400 units by the… Continue reading Fisker Q3 results: 62k reservations, 42k units coming in 2023, and a drivable PEAR Prototype
Fisker bumps up production for all-electric Ocean SUV
Fisker is raising its manufacturing forecast two weeks before its first electric vehicle, the Ocean SUV, enters production. The automaker plans to produce 42,400 Ocean SUVs by the end of 2023, up from an initial forecast of 40,000, due to strong demand in the U.S. and Europe. The company said it has received 62,000 reservations… Continue reading Fisker bumps up production for all-electric Ocean SUV
Electric Powertrain Market to Witness CAGR of 10% (2022-2028) Due to Adoption of The Light-Weighted Driving Shaft and Technological Advancement | UnivDatos Market Insights
NOIDA, India, Nov. 2, 2022 /PRNewswire/ — According to a new report published by UnivDatos Market Insights, the Electric Powertrain Market is expected to reach at 190 billion in 2028, growing at a CAGR of 15% from 2022-2028. The analysis has been segmented into Vehicle Type (BEV and HEV/PHEV); Component (Motor/Generator, Battery, Power Electronics Controller, Converter, Transmission,… Continue reading Electric Powertrain Market to Witness CAGR of 10% (2022-2028) Due to Adoption of The Light-Weighted Driving Shaft and Technological Advancement | UnivDatos Market Insights