SAN PEDRO GARZA GARCÍA, N.L., Mexico, Feb. 18, 2025 /PRNewswire/ — ALFA, S.A.B. de C.V. (BMV: ALFAA) (“ALFA”) announced today its unaudited results for the fourth quarter of 2024 (“4Q24”). All figures have been prepared in accordance with International Financial Reporting Standards (“IFRS”). 4Q24 / 2024 HIGHLIGHTS Alfa|SIGMA Finalizing ALFA’s transformation into a single, wholly-owned food… Continue reading Alfa|SIGMA reports Comparable EBITDA of US $1 billion in 2024, with Alpek as Discontinued Operations
Tag: Tier 1 Suppliers
Lear Appoints Former President GM China Julian Blissett to Board of Directors
SOUTHFIELD, Mich. , Feb. 18, 2025 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems , today announced that Julian Blissett , former Executive Vice President and President General Motors (GM) China , has been appointed to the Company’s Go to Source
German FAZ: Conti dismantles itself008764
If the sky does not open up over Hanover and the apocalypse breaks out at the markets, the car supplier Continental will soon split up his division for software, electronics and sensors. Automotive, a business with 91,000 employees, did a lot to get out of the crisis and become interesting for investors. The return has… Continue reading German FAZ: Conti dismantles itself008764
German Manager Magazin: Continental: Auto supplier plans to break down 3000 jobs by 2026003978
A year ago, the company announced that the automotive division will delete 7150 positions, including 5,400 in the administration and in 1750 in development. This has now been implemented to 80 to 90 percent. With the now announced 3,000 jobs, the number increases to more than 10,000. Continental justifies the renewed dismantling with the intensifying… Continue reading German Manager Magazin: Continental: Auto supplier plans to break down 3000 jobs by 2026003978
German auto supplier Continental to cut 3,000 more jobs
Updated On Feb 18, 2025 at 07:32 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The firm employs about 200,000 people worldwide with about 31,000 of those in research and development. German auto supplier Continental said Tuesday it will cut a further 3,000 jobs by the end of 2026, the latest… Continue reading German auto supplier Continental to cut 3,000 more jobs
Can high-tech displays boost feel-good factor?
The 2025 Consumer Electronics Show (CES) in Las Vegas flagged up how radical car interiors might become – and sooner rather than later. Continental showed its Emotional Cockpit concept, which combines high-tech electronics with displays framed by Swarovski crystal, a high-quality cut glass from Austrian firm Swarovski Mobility. A floating 12.3 TFT display beneath the centre… Continue reading Can high-tech displays boost feel-good factor?
5 Stocks to Watch on Their Recent Dividend Hikes
After a solid rebound in 2024, major U.S. indexes lack shine due to displeasing domestic macroeconomic conditions. Rising inflation, and the impact of President Donald Trump’s fiscal, trade, and immigration policies have led investors to adopt a cautious approach. However, the labor market remains resilient. The Federal Reserve announced a pause in interest rate cuts to… Continue reading 5 Stocks to Watch on Their Recent Dividend Hikes
Magna International Price Target Lowered to US$44 at CIBC
CIBC Capital Markets lowered its price target on Magna International Inc. (MG.TO, MGA) to US$44 from Go to Source
Magna International reports sales growth in Q4 2024
Magna’s sales in 2025 are expected to be between $38.6bn and $40.2bn. Credit: JHVEPhoto/Shutterstock. Canada-based Magna International has reported $10.6bn in sales for the fourth quarter (Q4) of 2024, marking a 2% increase from the same period in 2023. This growth aligns with global light vehicle production, which also saw a 2% increase. This includes… Continue reading Magna International reports sales growth in Q4 2024
Lear Appoints Former President GM China Julian Blissett to Board of Directors
SOUTHFIELD, Mich., Feb. 18, 2025 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that Julian Blissett, former Executive Vice President and President General Motors (GM) China, has been appointed to the Company’s Board of Directors. Lear Appoints Former President GM China to Board of Directors “Julian’s… Continue reading Lear Appoints Former President GM China Julian Blissett to Board of Directors