Light vehicle production in North America and Europe, our most significant production markets, down 70% and 59%, respectively; global light vehicle production down 42%Estimated COVID-19 impacts of approximately $5.5 billion on sales, $1.2 billion on both income from operations before income taxes and Adjusted EBITSales of $4.3 billion decreased 58%, diluted (loss) earnings per share… Continue reading Magna Announces Second Quarter 2020 Results
Tag: Magna
@BMW: Mapillary joining Facebook on the journey of improving maps everywhere000435
“Mapillary is a street-level imagery platform, powered by collaboration and computer vision”. That’s how Jan Erik Solem pitched Mapillary late 2017. Being freshly done with our deep dive into high-definition mapping, we were convinced that Mapillary’s ambitious mission aligned well with our investment thesis. We were impressed with Mapillary’s world-class team, unique data acquisition strategy… Continue reading @BMW: Mapillary joining Facebook on the journey of improving maps everywhere000435
Fisker SPAC shares fall 20% after electric carmaker reports delays in VW deal
(Reuters) – Shares of the so-called blank-check company merging with electric carmaker Fisker fell 20% on Friday after it disclosed it would not close a deal by the end of July to use Volkswagen AG’s (VOWG_p.DE) electric-vehicle platform for its vehicles. Spartan Energy Acquisition Corp (SPAQ_u.N), backed by alternative investment manager Apollo Global Management Inc… Continue reading Fisker SPAC shares fall 20% after electric carmaker reports delays in VW deal
Automotive Automatic Transmission Market Status by Upcoming Trends 2020 Growth Drivers | Competitive Strategy, Regional Outlook with SWOT Analysis till 2024 – Bulletin Line
The “Automotive Automatic Transmission Market” report covers the overview of the market and presents the information on business development, market size, and share scenario. The report also emphasizes on the growth prospects of the global Automotive Automatic Transmission market for the period 2020-2024. The report covers market characteristics for each segmentation across the key regions… Continue reading Automotive Automatic Transmission Market Status by Upcoming Trends 2020 Growth Drivers | Competitive Strategy, Regional Outlook with SWOT Analysis till 2024 – Bulletin Line
Innoviz solid-state lidar selected by Shaanxi Heavy Duty Automobile Co. for autonomous truck project at Chinese port – Green Car Congress
Innoviz Technologies, a leading provider of high-performance, solid-state lidar sensors and perception software, announced cooperation with Shaanxi Heavy Duty Automobile Co. in Xi’an, China to deploy autonomous trucks for an upcoming project in one of the biggest ports in China. Shaanxi Heavy Duty Automobile Co. Ltd., better known as Shacman Trucks outside China, is one… Continue reading Innoviz solid-state lidar selected by Shaanxi Heavy Duty Automobile Co. for autonomous truck project at Chinese port – Green Car Congress
Magna International Investments S.A. — Moody’s announces completion of a periodic review of ratings of Magna International Inc.
Announcement of Periodic Review: Moody’s announces completion of a periodic review of ratings of Magna International Inc. Toronto, June 30, 2020 — Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of Magna International Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a… Continue reading Magna International Investments S.A. — Moody’s announces completion of a periodic review of ratings of Magna International Inc.
@GM: GM Honors Top Global Suppliers for Innovation and Performance
GM Honors Top Global Suppliers for Innovation and Performance 2020-06-24 DETROIT — General Motors recognized its most innovative partners during a virtual ceremony to celebrate its 28th annual Supplier of the Year awards on June 24, 2020. Recipients of the Supplier of the Year award included 116 suppliers from 15 countries, with 13 first-time winners, as… Continue reading @GM: GM Honors Top Global Suppliers for Innovation and Performance
Magna will expand Highland Park seating plant, creating 480 new jobs
Magna International Inc. is investing more than $35 million to expand its Highland Park plant after winning two new full seat assembly contracts, according to the Michigan Economic Development Corp. The plan is expected to create 480 new jobs, including nearly 300 entry-level positions, just as the automotive supplier sector faces deep strains following weeks… Continue reading Magna will expand Highland Park seating plant, creating 480 new jobs
Magna annonce une offre de billets de premier rang
AURORA, Ontario, 17 juin 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX : MG ; NYSE : MGA) a annoncé aujourd’hui avoir conclu une convention de prise ferme prévoyant l’émission pour un capital total de 750 millions USD de ses billets non garantis de premier rang conformément à une déclaration d’enregistrement effective préalablement déposée auprès de la Securities and Exchange… Continue reading Magna annonce une offre de billets de premier rang
2021 Ineos Grenadier spy shots – Motor Authority
A rugged, utilitarian off-roader being developed by British chemicals giant Ineos has been spotted for the first time. It’s called the Grenadier, and it’s due to enter production in 2021 at a plant under construction in Bridgend, Wales. The site is only 30 minutes drive from where Aston Martin has built its new St Athan… Continue reading 2021 Ineos Grenadier spy shots – Motor Authority