AURORA, Ontario, March 25, 2022 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2021 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company’s website, www.magna.com. Magna has also filed these documents with the… Continue reading Magna Posts 2021 Annual Report
Tag: Magna
Cleantechnica: Stellantis CEO Certain Company Can Catch Tesla 001793
Stellantis CEO Carlos Tavares told the world this week, “I am very confident — I am trying not to be arrogant, just confident — of the fact that we are going to catch up in the next couple of years with Tesla and it’s going to be a very healthy competition.” The company released a… Continue reading Cleantechnica: Stellantis CEO Certain Company Can Catch Tesla 001793
German Handelsblatt: Automotive supplier: Controversial spin-off plans – what remains of Continental?003903
Wolfgang Reitzle will alles aus Continental herausholen. Der Aufsichtsratschef des Dax-Konzerns hat es auf eine höhere Börsenbewertung und mehr Kapital abgesehen. Sein Plan: Die Conti-Sparte für das automatisierte Fahren aus dem Gesamtkonzern herauslösen und dadurch den wirklichen Wert des wichtigsten Zukunftsgeschäfts für Investoren sichtbar machen. Die könnten sich dann auch an den hohen Investitionen beteiligen.… Continue reading German Handelsblatt: Automotive supplier: Controversial spin-off plans – what remains of Continental?003903
INEOS Grenadier Seeks to Deliver the Classic SUV Experience – Car and Driver
Many of us feel deep regard for our favorite cars, but few can match the commitment Jim Ratcliffe has shown to one of his. The CEO of the INEOS chemical company and one of the U.K.’s richest men, Ratcliffe mourned the passing of the previous-generation Land Rover Defender so much that he ordered the creation… Continue reading INEOS Grenadier Seeks to Deliver the Classic SUV Experience – Car and Driver
Magna Enters Joint Venture With LAN to Assemble Seats in Michigan
JV to assemble complete seats for Ford Production expected to start in the second quarter of 2023 More than 390 new jobs to be created AURORA, Ontario, Feb. 22, 2022 (GLOBE NEWSWIRE) — Today Magna announced it has entered into a joint venture (“JV”) with LAN Manufacturing, a minority-owned automotive supplier based in Michigan. The… Continue reading Magna Enters Joint Venture With LAN to Assemble Seats in Michigan
Volta Trucks concludes Series C funding
Volta Trucks, a full-electric commercial vehicle manufacturer and services provider, has announced the successful and oversubscribed conclusion of its Series C funding round with a €230 million capital raise. The funding round was led by New York-based Luxor Capital, while initial seed investor, Byggmästare Anders J Ahlström of Stockholm, added to its holding in the… Continue reading Volta Trucks concludes Series C funding
Fisker Ocean electric SUV ‘on schedule’ for November deliveries, CEO says
Electric vehicle (EV) company Fisker (FSR) unveiled its Ocean EV SUV in late November at the Los Angeles Auto Show with the goal of making the car “the world’s most sustainable vehicle.” The base model, named the Ocean Sport, will start at $37,499 before any government incentives. CEO and chairman Henrik Fisker said that customers… Continue reading Fisker Ocean electric SUV ‘on schedule’ for November deliveries, CEO says
Schaeffler strengthens bearings business and develops bearings for electromobility
2022-02-18 | Herzogenaurach Innovative bearing technologies from Schaeffler are key to efficient, sustainable mobility The TriFinity triple-row bearing and the high-efficiency ball bearing with centrifugal disc offer outstanding efficiency and service life for all types of powertrain Custom solutions for electrified vehicles highlight Schaeffler’s successful transformation Innovative bearing solutions play a key role in sustainable… Continue reading Schaeffler strengthens bearings business and develops bearings for electromobility
Fisker opens reservations for second EV, the PEAR starting below $30k before taxes or incentives
As Fisker Inc. continues to work toward start of production of its flagship Ocean EV, it has begun taking reservations for its second model, the PEAR – a compact, five-passenger “urban EV.” With the opening of reservations, Fisker is also claiming the PEAR will start at an MSRP below $30,000 in the US, and that’s… Continue reading Fisker opens reservations for second EV, the PEAR starting below $30k before taxes or incentives
Auto parts maker Magna sees initial hit from Canadian bridge blockade
By Shivansh Tiwary (Reuters) – Auto parts maker Magna International Inc said on Friday disruptions at the Ambassador bridge caused by Canadian trucker protests against coronavirus mandates have started to have some initial impact on its operations. The protesters, who have caused a gridlock in the Canadian capital since late January, have since Monday used… Continue reading Auto parts maker Magna sees initial hit from Canadian bridge blockade