AURORA, Ontario, Jan. 17, 2022 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FOR Q4 & YEAR END 2021 RESULTS and 2022 OUTLOOK CONFERENCE CALL FRIDAY – FEBRUARY 11, 2022 8:00 AM ET DIAL IN NUMBERS Toll-Free: 1-800-909-4145 International: 1-416-981-9023 Webcast: www.magna.com Slide presentation will be available on our website prior to… Continue reading Magna Announces Date for Q4 & Year End 2021 Results and 2022 Outlook Conference Call
Tag: Magna
Magna acquires tech, hires engineers of autonomous vehicle startup Optimus Ride
Magna has acquired the technology, IP and assets of Optimus Ride, a startup based in Boston that was trying to commercialize electric autonomous shuttles. As part of the deal announced Tuesday, Magna has hired more than 120 employees of Optimus Ride. The financial terms of the agreement were not disclosed, Optimus Ride CEO Sean Harrington… Continue reading Magna acquires tech, hires engineers of autonomous vehicle startup Optimus Ride
Magna Adds More Than 120 Engineers, Strengthens ADAS Capabilities
Majority of Optimus Ride engineering team joins Magna Bolsters Magna’s expertise in advanced sensing technologies Adds engineering center in Boston area AURORA, Ontario, Jan. 11, 2022 (GLOBE NEWSWIRE) — Magna has added more than 120 employees of Optimus Ride, a provider of autonomous vehicle and mobility solutions located in Boston, to enhance Magna’s capabilities in… Continue reading Magna Adds More Than 120 Engineers, Strengthens ADAS Capabilities
Optimus Ride acquired by Magna; CEO stepping down
Motley Fool Is AT&T Still a Great Dividend Stock? In 2021, AT&T (NYSE: T) decided to spin off its DIRECTV and WarnerMedia divisions to raise capital to reduce its massive debt. Unfortunately for income investors, AT&T revealed last year that it intended to slash the payout despite the cash the company will receive from the… Continue reading Optimus Ride acquired by Magna; CEO stepping down
@niche: REE Automotive introduces P7 fleet platform for mystery delivery company targeting 370-mile range001546
At CES 2022, REE Automotive announced the start of trials of its all-new EV platform specifically designed for commercial delivery vehicles and walk-in vans called the P7. According to REE, this new entirely flat platform was designed based on specifications from one of the world’s largest delivery companies. REE Automotive ($REE) is an e-mobility solutions company… Continue reading @niche: REE Automotive introduces P7 fleet platform for mystery delivery company targeting 370-mile range001546
REE AUTOMOTIVE APPOINTS DAVID GOLDBERG AS CHIEF FINANCIAL OFFICER
Mr. Goldberg brings to REE 20 years of experience in corporate finance, mergers & acquisitions, and management consulting with progressively senior roles at Morgan Stanley, Bain & Company, Greenhill & Co. and Magna International. In his new role as REE’s CFO, Mr. Goldberg will lead all aspects of REE’s financial functions, strategic industry partnerships and… Continue reading REE AUTOMOTIVE APPOINTS DAVID GOLDBERG AS CHIEF FINANCIAL OFFICER
At CA$102, Is Magna International Inc. (TSE:MG) Worth Looking At Closely?
Today we’re going to take a look at the well-established Magna International Inc. (TSE:MG). The company’s stock saw significant share price movement during recent months on the TSX, rising to highs of CA$111 and falling to the lows of CA$95.01. Some share price movements can give investors a better opportunity to enter into the stock,… Continue reading At CA$102, Is Magna International Inc. (TSE:MG) Worth Looking At Closely?
Here’s Why Miller Howard Investments Exited its Magna (MGA) Position
Miller Howard Investments, an investment management firm, published its third-quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly return of 3.5% (yield) was recorded by the fund for the third quarter of 2021, compared to the 1.5% for the S&P 500 for the same period. You can take a… Continue reading Here’s Why Miller Howard Investments Exited its Magna (MGA) Position
Magna (MGA) Gains But Lags Market: What You Should Know
In the latest trading session, Magna (MGA) closed at $79.88, marking a +0.05% move from the previous day. This move lagged the S&P 500’s daily gain of 0.14%. Elsewhere, the Dow gained 0.25%, while the tech-heavy Nasdaq lost 0.34%. Prior to today’s trading, shares of the automotive supply company had gained 6.11% over the past… Continue reading Magna (MGA) Gains But Lags Market: What You Should Know
Magna claims its new e-powertrain increases EV range by 145km
Magna’s EtelligentReach maximizes range and performance, comes to market on a new vehicle in 2022 Magna’s all-electric connected powertrain, the EtelligentReach, is set to debut on a new entrant vehicle in 2022. The complete system is comprised of two electric motors, inverters and gearboxes, and leverages advanced software to maximise vehicle range and driving dynamics. The… Continue reading Magna claims its new e-powertrain increases EV range by 145km