AURORA, Ontario, Nov. 09, 2022 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange (“TSX”) had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the “Notice”). Pursuant to the Notice, Magna may purchase up to 28,445,000 Magna Common Shares (the “Bid”), representing approximately… Continue reading TSX Accepts Notice of Intention to Make Normal Course Issuer Bid
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Automotive Differential Global Market Report 2022
DUBLIN, Nov. 9, 2022 /PRNewswire/ — The “Automotive Differential Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering. This report provides strategists, marketers and senior management with the critical information they need to assess the global automotive differential market. The global automotive differential is expected to grow from $19.20 billion in 2021 to $20.79… Continue reading Automotive Differential Global Market Report 2022
Lordstown aims to boost EV production with Foxconn investment, seeks new automaker partner
Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio, on Saturday, May 15, 2021. Dustin Franz | Bloomberg | Getty Images Struggling electric truck startup Lordstown Motors still plans to deliver the first examples of its Endurance pickup truck before the end of the year, the company said Tuesday, a day after it announced a… Continue reading Lordstown aims to boost EV production with Foxconn investment, seeks new automaker partner
Magna (MGA) Misses on Q3 Earnings & Sales, Trims ’22 View
Magna International MGA reported third-quarter 2022 adjusted earnings of $1.07 per share, which jumped 91% on a year-over-year basis. The bottom line, however, lagged the Zacks Consensus Estimate of $1.13 a share. Lower-than-expected EBIT in the Body Exteriors & Structures, Power & Vision and Seating Systems segments led to the underperformance. In the reported quarter, net… Continue reading Magna (MGA) Misses on Q3 Earnings & Sales, Trims ’22 View
Magna (MGA) Misses on Q3 Earnings & Sales, Trims ’22 View
Magna International MGA reported third-quarter 2022 adjusted earnings of $1.07 per share, which jumped 91% on a year-over-year basis. The bottom line, however, lagged the Zacks Consensus Estimate of $1.13 a share. Lower-than-expected EBIT in the Body Exteriors & Structures, Power & Vision and Seating Systems segments led to the underperformance. In the reported quarter, net… Continue reading Magna (MGA) Misses on Q3 Earnings & Sales, Trims ’22 View
Magna (MGA) Misses on Q3 Earnings & Sales, Trims ’22 View
Magna International MGA reported third-quarter 2022 adjusted earnings of $1.07 per share, which jumped 91% on a year-over-year basis. The bottom line, however, lagged the Zacks Consensus Estimate of $1.13 a share. Lower-than-expected EBIT in the Body Exteriors & Structures, Power & Vision and Seating Systems segments led to the underperformance. In the reported quarter, net… Continue reading Magna (MGA) Misses on Q3 Earnings & Sales, Trims ’22 View
Vmoto and Pininfarina unveil ‘wind-sculpted’ maxi-scooter concept at EICMA
On the opening day of the 79th EICMA at the Milan-Rho exhibition centre, Vmoto Soco Group is presenting the first concept, result of an ambitious and innovative project initiated in partnership with Pininfarina. The Vmoto Soco Group, which has a production capacity of more than 300,000 high-quality electric vehicles, has inked a collaboration with the Italian styling house to… Continue reading Vmoto and Pininfarina unveil ‘wind-sculpted’ maxi-scooter concept at EICMA
Vmoto and Pininfarina unveil ‘wind-sculpted’ maxi-scooter concept at EICMA
On the opening day of the 79th EICMA at the Milan-Rho exhibition centre, Vmoto Soco Group is presenting the first concept, result of an ambitious and innovative project initiated in partnership with Pininfarina. The Vmoto Soco Group, which has a production capacity of more than 300,000 high-quality electric vehicles, has inked a collaboration with the Italian styling house to… Continue reading Vmoto and Pininfarina unveil ‘wind-sculpted’ maxi-scooter concept at EICMA
Valmet Automotive to withdraw the planned Initial Public Offering and to continue to explore alternative financing options to support its growth strat…
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Renault and Geely to set up new global company for next-gen powertrains
Geely Holding Group (Geely Holding), Geely Automobile Holdings and the Renault Group have signed a non-binding framework agreement to create a new global leader to develop, manufacture and supply best-in-class hybrid powertrains and highly efficient internal combustion powertrains (ICE). On completion, the new company will be a standalone global supplier of complete ICE solutions, producing next-generation hybrid propulsion systems and… Continue reading Renault and Geely to set up new global company for next-gen powertrains