Large front panel integrates ADAS sensors and lighting Features hidden-until-lit functionality Enables design distinction for front ends AURORA, Ontario, Aug. 18, 2021 (GLOBE NEWSWIRE) — Magna is reimagining the face and functionality of electric vehicle front ends with its new Mezzo Panel technology. The… Continue reading Magna Mezzo™ Panel Modernizing the Face of Electric Vehicles
Tag: Magna
Mercedes primes luxury EQG electric G-Class 4×4
Mercedes-Benz will preview the long-mooted electrification of its G-Class SUV with a concept at the Munich motor show that will spearhead the roll-out of a 4×4 sub-brand. It has been nearly two years since CEO Ola Källenius confirmed that the Magna-built Land Rover Defender rival – launched in 1979 as the G-Wagen – would gain… Continue reading Mercedes primes luxury EQG electric G-Class 4×4
Adient (ADNT) Down 2.5% Since Q3 Loss, Slashes FY21 View
Adient PLC’s ADNT shares have depreciated 2.5% since the company announced third-quarter fiscal 2021 results on Aug 5, before the opening bell. Investors were left disappointed as Adient slipped to a loss in the June-end quarter, snapping its profit streak since fiscal fourth-quarter 2020. Supply-chain disruptions amid shortage of semiconductors and rising commodity prices hurt… Continue reading Adient (ADNT) Down 2.5% Since Q3 Loss, Slashes FY21 View
Magna (MGA) Q2 Earnings & Sales Miss Mark, Trims ’21 View
Magna International MGA reported second-quarter 2021 adjusted earnings of $1.40 per share, turning around from the loss of $1.71 incurred in the year-ago period. The bottom line, however, missed the Zacks Consensus Estimate of $1.44 per share. For the reported quarter, net sales skyrocketed 114.7% from the prior-year quarter to $9,034 million but fell short… Continue reading Magna (MGA) Q2 Earnings & Sales Miss Mark, Trims ’21 View
LEAR (LEA) Q2 Earnings Beat, Sales Miss Estimates, ’21 View Down
Lear Corporation LEA reported second-quarter 2021 adjusted earnings of $2.45 per share, marginally surpassing the Zacks Consensus Estimate of $2.40. Higher-than-expected contribution from the E-Systems segment led to this outperformance. The reported earnings figure also turns around the loss of $4.14 per share witnessed in second-quarter 2020. For the reported quarter, revenues surged 95% year… Continue reading LEAR (LEA) Q2 Earnings Beat, Sales Miss Estimates, ’21 View Down
Goodyear (GT) Q2 Earnings Beat Estimates, Sales Soar 86% Y/Y
The Goodyear Tire & Rubber Company GT reported second-quarter 2021 adjusted earnings per share of 32 cents, surpassing the Zacks Consensus Estimate of 17 cents and turning around from the year-ago loss of $1.87. High sales volumes, revenues and operating income from the Europe, Middle East and Africa (EMEA) and Asia Pacific units drove the… Continue reading Goodyear (GT) Q2 Earnings Beat Estimates, Sales Soar 86% Y/Y
Veoneer to Engage in Discussions with Qualcomm
STOCKHOLM, Aug. 9, 2021 /PRNewswire/ — The automotive technology company Veoneer, Inc. (NYSE: VNE) and (SSE: VNE SDB), today announced that Veoneer’s board of directors has determined that Qualcomm’s proposal to acquire Veoneer (the “Qualcomm Proposal”) would reasonably be expected to result in a “Superior Proposal”, as defined under the terms of Veoneer’s merger agreement… Continue reading Veoneer to Engage in Discussions with Qualcomm
Sweden’s Veoneer says will start talks with Qualcomm over offer
(Reuters) – Veoneer Inc said on Sunday it would start talks with chipmaker Qualcomm Inc after its offer for the Swedish auto parts maker last week topped a rival bid by Magna International Inc. Qualcomm’s offer could “reasonably be expected to result in a ‘Superior Proposal’, as defined under the terms of Veoneer’s merger agreement… Continue reading Sweden’s Veoneer says will start talks with Qualcomm over offer
UPDATE 1-Sweden’s Veoneer says will start talks with Qualcomm over offer
(Adds detail, quote, background) Aug 8 (Reuters) – Veoneer Inc said on Sunday it would start talks with chipmaker Qualcomm Inc after its offer for the Swedish auto parts maker last week topped a rival bid by Magna International Inc. Qualcomm’s offer could “reasonably be expected to result in a ‘Superior Proposal’, as defined under… Continue reading UPDATE 1-Sweden’s Veoneer says will start talks with Qualcomm over offer
Magna Announces Second Quarter 2021 Results
Sales more than doubled to $9.0 billion, reflecting global light vehicle production increase of 58% Diluted earnings per share and adjusted diluted earnings per share of $1.40, compared to losses of $2.17 and $1.71 last year, respectively Reduced outlook, largely reflecting reduction in expected global light vehicle production due to continued industry semiconductor chip shortage… Continue reading Magna Announces Second Quarter 2021 Results