Nov 7 (Reuters) – Lordstown Motors Corp (RIDE.O) said on Monday that Foxconn Ventures Pte Ltd will buy some of the electric vehicle maker’s shares in two rounds, that would make the Taiwanese contract manufacturer its largest shareholder. Reporting by Mehnaz Yasmin in Bengaluru; Editing by Shailesh Kuber Our Standards: The Thomson Reuters Trust Principles.… Continue reading Untitled
Tag: Contract Manufacturer
Lidar makers Ouster and Velodyne agree to merge
The New York Stock Exchange welcomes Ouster Inc. (NYSE: OUST), today, Friday, March 12, 2021, in celebration of its Initial Listing. To honor the occasion, Ouster CEO Angus Pacala, joined by Chris Taylor, Vice President, NYSE Listings and Services, rings The Opening Bell®. NYSE Lidar makers Ouster and Velodyne have agreed to merge, combining roughly… Continue reading Lidar makers Ouster and Velodyne agree to merge
Magna Announces Third Quarter 2022 Results
Sales increased 17% to $9.3 billion, compared to a global light vehicle production increase of 24% Excluding foreign currency translation and acquisitions net of divestitures, sales increased 27% Diluted earnings per share and adjusted diluted earnings per share increased to $1.00 and $1.07, respectively, compared to $0.04 and $0.56 last year Returned $305 million to… Continue reading Magna Announces Third Quarter 2022 Results
Magna (MGA) Q3 Earnings and Revenues Lag Estimates
Magna (MGA) came out with quarterly earnings of $1.07 per share, missing the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -5.31%. A quarter ago, it was expected that this… Continue reading Magna (MGA) Q3 Earnings and Revenues Lag Estimates
Magna Announces Third Quarter 2022 Results
Magna International Inc. Swamy Kotagiri, Magna’s Chief Executive Officer “In the third quarter, we managed through an operating environment that remains challenged by ongoing production schedule volatility and elevated energy costs in Europe. We continue to take steps to address the short-term industry turbulence as well as operating inefficiencies at certain facilities, while remaining focused… Continue reading Magna Announces Third Quarter 2022 Results
Magna Announces Third Quarter 2022 Results
Sales increased 17% to $9.3 billion, compared to a global light vehicle production increase of 24% Excluding foreign currency translation and acquisitions net of divestitures, sales increased 27% Diluted earnings per share and adjusted diluted earnings per share increased to $1.00 and $1.07, respectively, compared to $0.04 and $0.56 last year Returned $305 million to… Continue reading Magna Announces Third Quarter 2022 Results
BENTELER crée HOLON, une nouvelle marque pour la mobilité autonome du futur
Lancement d’un véhicule autonome entièrement électrique. La mission est de développer des solutions de mobilité durables, inclusives, fiables et sûres pour les zones urbaines du monde entier. Première mondiale du véhicule autonome au CES 2023 à Las Vegas, aux États-Unis. SALZBURG, Autriche et PADERBORN, Allemagne, 4 novembre 2022 /PRNewswire/ — BENTELER appuie ses ambitions commerciales mondiales… Continue reading BENTELER crée HOLON, une nouvelle marque pour la mobilité autonome du futur
BENTELER gründet neue Marke HOLON für Zukunftsfeld autonome Mobilität
Launch eines vollständig elektrischen autonomen Mover. Mission: Entwicklung nachhaltiger, inklusiver, zuverlässiger und sicherer Mobilitätslösungen für den urbanen Raum weltweit. Weltpremiere des autonomen Mover auf der CES 2023 in Las Vegas, USA. SALZBURG, Österreich und PADERBORN, Deutschland, 3. November 2022 /PRNewswire/ — BENTELER unterstreicht seine Ambitionen im weltweiten Geschäft mit autonomer Mobilität durch die Etablierung einer… Continue reading BENTELER gründet neue Marke HOLON für Zukunftsfeld autonome Mobilität
Automotive Engineering Service Providers (ESP) Market 2023-2027 Along with 5-Year Historic (2017-2021) Industry Size & Comparison of 20 Vendors and 14 Countries
NEW YORK, Nov. 3, 2022 /PRNewswire/ — The Automotive Engineering Service Providers (ESP) Market share is expected to increase by USD 8381.88 million from 2022 to 2027, with an accelerated CAGR of 8.2% – according to the recent market study by Technavio. This report also offers a 5-year historic (2017-2021) data projection of market size, segment,… Continue reading Automotive Engineering Service Providers (ESP) Market 2023-2027 Along with 5-Year Historic (2017-2021) Industry Size & Comparison of 20 Vendors and 14 Countries
India can emerge as global hub for 48V EV tech: Magna CTO
Global Tier 1 giant recently opened a new e-mobility engineering centre in Bengaluru with simultaneous focus on tapping growth in micro-mobility solutions. Early last month, Magna International opened a new engineering centre in Bengaluru, outlining an investment of Rs 970 crore. The company aims to drive innovation for e-mobility projects with this facility where technical… Continue reading India can emerge as global hub for 48V EV tech: Magna CTO