AURORA, Ontario, June 08, 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into an underwriting agreement providing for the issuance of U.S.$750 million aggregate principal amount of its senior unsecured notes pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission… Continue reading Magna Announces Senior Notes Offering
Tag: Magna
The Station: Cruise cuts, Waymo snags more cash and a VC Mobility survey – TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi and welcome back to The Station. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. If you’re interested in all the future and present ways people… Continue reading The Station: Cruise cuts, Waymo snags more cash and a VC Mobility survey – TechCrunch
Waymo expands first external investment round to $3 billion
Waymo has added an additional $750 million to the $2.25 billion funding round that it first announced in March, bringing the total size of the financing (its first from investors outside of Alphabet) to $3 billion. The extension comes from new investors, including those managed by T. Rowe Price, Perry Creek Capital, Fidelity Management and… Continue reading Waymo expands first external investment round to $3 billion
Magna International (MGA) Q1 2020 Earnings Call Transcript
MGA earnings call for the period ending March 31, 2020. Go to Source
Magna Announces First Quarter 2020 Financial Results
Sales of $8.7 billion decreased 18%, compared to global light vehicle production down 27%Estimated COVID-19 impacts of approximately $1.1 billion on sales, $250 million on income from operations before income taxes and Adjusted EBITCash from operations of $639 million, an 8% increase over the first quarter of 2019AURORA, Ontario, May 07, 2020 (GLOBE NEWSWIRE) —… Continue reading Magna Announces First Quarter 2020 Financial Results
Karma Automotive whistleblower paints a grim picture – Autoblog
When we wrote about Karma Automotive announcing the battery-electric Revero GTE last week, we called this months’ trio of announcements “This month’s Karma Automotive extravaganza.” It’s possible there’s more to this momentum than the excitement of expanding the EV landscape. Jalopnik recently ran what’s practically a whistleblower piece, based on information from “a confirmed source,… Continue reading Karma Automotive whistleblower paints a grim picture – Autoblog
Sony Vision-S Electric Crossover Renderings Show Off Sleek Design
Sony surprised us earlier this year with the Vision-S at the Consumer Electronics Show. It was a concept car designed to showcase the company’s various automotive technologies in one sleek package. However, it didn’t remain Sony’s only car. A video highlighting the Vision-S shortly after the reveal briefly showed the front clip of a high-riding,… Continue reading Sony Vision-S Electric Crossover Renderings Show Off Sleek Design
Auto supplier Magna preparing for N. America return to work May 4 -exec
DETROIT (Reuters) – Canadian auto supplier Magna International Inc (MG.TO) is planning for a return to production in North America on May 4, with a subsequent gradual increase in output as the industry recovers from the shutdown caused by the coronavirus pandemic, a top executive said on Wednesday. Most U.S. states have stay-at-home orders in… Continue reading Auto supplier Magna preparing for N. America return to work May 4 -exec
Magna Announces Filing of Preliminary Shelf Prospectus and Registration Statement; Amends 364-Day Syndicated Credit Facility
AURORA, Ontario, April 14, 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it filed a preliminary short form base shelf prospectus (“shelf prospectus”) with the Ontario Securities Commission (the “OSC”) and a corresponding shelf registration statement with the United States Securities and Exchange Commission (the “SEC”) on Form F-10.… Continue reading Magna Announces Filing of Preliminary Shelf Prospectus and Registration Statement; Amends 364-Day Syndicated Credit Facility
MAGNA POSTS 2019 ANNUAL REPORT
AURORA, Ontario, March 27, 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2019 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 2019 ANNUAL REPORT