Sculpted, seamless styling surface with endless design possibilities Launching on four new vehicles Differentiation in the evolving mobility landscape AURORA, Ontario, Nov. 04, 2021 (GLOBE NEWSWIRE) — Automakers are increasingly distinguishing themselves through styling and Magna’s FreeForm™ seating technology is just the answer. Launching on four new vehicles, one later this year and three in… Continue reading Magna Secures Additional Business For Freeform™ Seat Trim Technology
Tag: Magna
Fisker is on target to launch the Ocean electric SUV in November 2022
Fisker provided an upbeat forecast on the ramp-up of its electric automaking business during Wednesday’s third-quarter earnings call, highlighting its manufacturing partnership with Foxconn, a battery supply agreement with Chinese battery giant CATL secured and its on-track production for the company’s debut Ocean SUV. The company confirmed that it will start production of the Ocean… Continue reading Fisker is on target to launch the Ocean electric SUV in November 2022
BorgWarner (BWA) Beats on Q3 Earnings, Dims ’21 Projections
BorgWarner Inc. BWA reported adjusted earnings of 80 cents per share for third-quarter 2021, declining from 88 cents recorded in the prior-year period. The bottom line, however, beat the Zacks Consensus Estimate of 66 cents. Higher-than-anticipated revenues from Air Management and Aftermarket segments resulted in the outperformance. This automotive equipment supplier reported net sales of… Continue reading BorgWarner (BWA) Beats on Q3 Earnings, Dims ’21 Projections
CATL to supply batteries for upcoming Fisker Ocean SUV
Fisker Inc. has announced a formal agreement with CATL to supply batteries to the upcoming Ocean electric SUV, as it approaches production next year. CATL will provide small and large battery packs of different chemistries to Fisker over the next few years, delivering an initial annual capacity of over five-gigawatt hours (GWh). By now, most… Continue reading CATL to supply batteries for upcoming Fisker Ocean SUV
LG’s Newest In-Vehicle Infotainment System to Debut in Renault Mégane E-Tech Electric
November 1, 2021 LG’s Newest In-Vehicle Infotainment System to Debut in Renault Mégane E-Tech Electric Open share list Share this content. Based on Google Android Automotive and Android 10, LG’s New IVI System Optimized for Convenience, Connectivity SEOUL, Nov. 1, 2021 — LG Electronics’ (LG) next-generation In-Vehicle Infotainment (IVI) system will make its debut in… Continue reading LG’s Newest In-Vehicle Infotainment System to Debut in Renault Mégane E-Tech Electric
Takeover target Veoneer’s losses narrow ahead of Qualcomm deal
Chipmaker Qualcomm Inc and SSW Partners said this month they had reached an agreement to buy Veoneer for $4.5 billion. STOCKHOLM: Swedish automotive technology group Veoneer reported on Tuesday a narrower third-quarter loss amid a global chip shortage and said it would no longer provide an outlook as it focused on its looming merger. Chipmaker… Continue reading Takeover target Veoneer’s losses narrow ahead of Qualcomm deal
Veoneer: Financial Report July – September 2021
STOCKHOLM, Oct. 26, 2021 /PRNewswire/ — Veoneer, Inc. (NYSE: VNE and SSE: VNE-SDB) Financial Summary – Q3’21 Active Safety drives organic sales growth, despite 20% YoY decline in light vehicle production (LVP) Net Sales $391 million, Net sales increase 5%, Organic Sales1 increase 3% YoY Active Safety Net Sales increase 27%, Organic Sales increase 24%… Continue reading Veoneer: Financial Report July – September 2021
GM, Ford results likely to reflect chip shortage’s varying impacts on sector
DETROIT: General Motors Co and Ford Motor Co are likely to show investors both the positive and negative financial impacts of the global semiconductor chip shortage when the U.S. automakers report third-quarter results on Wednesday. GM and Ford have had to bring some assembly lines to a halt for lack of semiconductors, and contend with… Continue reading GM, Ford results likely to reflect chip shortage’s varying impacts on sector
Magna Updates 2021 Outlook
AURORA, Ontario, Oct. 20, 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has updated its 2021 outlook to reflect declines in anticipated 2021 light vehicle production, including 7% and 9% in North America and Europe, respectively, in each case relative to expected light vehicle production levels disclosed in… Continue reading Magna Updates 2021 Outlook
Magna annonce la résiliation d’un accord de fusion avec Veoneer
Magna a renoncé à une période d’égalisation de quatre jours pour faire une contre-proposition Veoneer s’apprête à payer des frais de résiliation La décision de renoncer souligne l’approche disciplinée de Magna en matière d’évaluation AURORA, Ontario, 14 oct. 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX : MG ; NYSE : MGA) a annoncé aujourd’hui que le Conseil… Continue reading Magna annonce la résiliation d’un accord de fusion avec Veoneer