Magna (MGA) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.86 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 21.90%. A quarter ago, it was expected that this… Continue reading @niche: Magna (MGA) Surpasses Q1 Earnings and Revenue Estimates001831
Tag: Magna
Magna Announces First Quarter 2022 Results
Global light vehicle production was down 7%, largely due to 16% decrease in Europe Sales of $9.6 billion decreased 5% Diluted earnings per share and adjusted diluted earnings per share decreased 40% and 31%, respectively Reduced 2022 outlook to reflect expected lower light vehicle production assumptions and an increase in production input costs AURORA, Ontario,… Continue reading Magna Announces First Quarter 2022 Results
Magna’s New Slovakia Facility to Support Growing ADAS and Electrification Market
Facility to produce advanced cameras and electronics for inverters Production expected to start in the fourth quarter of 2022 Up to 600 new jobs expected to be created longer term AURORA, Ontario, April 21, 2022 (GLOBE NEWSWIRE) — Magna is expanding its ADAS and electrification footprint with the opening of a new plant in Kechnec,… Continue reading Magna’s New Slovakia Facility to Support Growing ADAS and Electrification Market
New electric cars 2022: what’s coming when
Skoda Enyaq vRS: Skoda’s performance vRS badge will arrive for the first time on an electric model, as its answer to the Volkswagen ID 4 GTX. It will be driven by the same powertrain used by the GTX too, so a 0-62mph time of just over 6.0secs and a 300 mile range are expected. Ssangyong… Continue reading New electric cars 2022: what’s coming when
New cars 2022: what’s coming and when
Fisker Ocean: Given Fisker’s tainted history, it would be easy to dismiss the prospects of this bold new car. But we believe it’s time to start taking Fisker seriously, because the Ocean looks a credible contender in the electric SUV ranks and has some very credible firms involved in its manufacturing and distribution. Revealed in… Continue reading New cars 2022: what’s coming and when
LG Magna ePowertrain breaks ground on new facility to build components for GM EVs
LG Magna ePowertrain, a recently launched joint venture between LG Electronics and Magna International, has broken ground on a new facility in Mexico, the JV’s first production footprint in North America. When completed, the 260,000-square-foot plant will produce a multitude of powertrain components to support electric vehicle production from General Motors (GM). LG Magna ePowertrain… Continue reading LG Magna ePowertrain breaks ground on new facility to build components for GM EVs
Chinese EV maker Iconiq to merge with Nasdaq-listed SPAC East Stone
Chinese electric vehicle manufacturer Iconiq Holding Limited (NWTN) has agreed to merge with Nasdaq-listed special purpose acquisition company (SPAC) East Stone Acquisition Corporation, valuing the combined company at $2.5 billion. In a statement, the two companies said the proposed merger has already been approved by both boards and will now be up for approval by… Continue reading Chinese EV maker Iconiq to merge with Nasdaq-listed SPAC East Stone
Fisker announces India HQ in Hyderabad in anticipation of entry into Indian EV market
American automaker Fisker announced it is expanding to a second headquarters in Hyderabad, India. The Indian footprint joins Fisker’s current HQ, engineering, and product development facilities in Southern California and will soon provide software and virtual vehicle development. The rebirth of the SoCal-based EV automaker Fisker Inc., led by Henrik Fisker, continues to make strides… Continue reading Fisker announces India HQ in Hyderabad in anticipation of entry into Indian EV market
Bosch picks up Five.ai after the self-driving startup pivoted to B2B and then put itself up for sale
Consolidation is moving ahead in the world of autonomous driving, with the latest development coming out of Europe. Today, Bosch announced that it would be acquiring Five.ai, the autonomous driving startup that started with big ambitions to build and operate its own fleet of robotaxis but ultimately pivoted to focusing on technology development as a… Continue reading Bosch picks up Five.ai after the self-driving startup pivoted to B2B and then put itself up for sale
Magna publie son rapport annuel pour 2021
AURORA, Ontario, 07 avr. 2022 (GLOBE NEWSWIRE) — Magna International Inc. (TSX : MG ; NYSE : MGA) a annoncé aujourd’hui que son rapport annuel 2021, ainsi que le rapport de gestion, les états financiers consolidés audités, la notice annuelle (AIF) et le formulaire 40-F, sont désormais disponibles sur le site Internet de la société, www.magna.com. Magna a également déposé… Continue reading Magna publie son rapport annuel pour 2021