Tag: Magna

Canoo’s CEO is buying the bankrupt EV startup’s assets

The CEO of Canoo is buying nearly all of the defunct EV startup’s assets out of bankruptcy, according to a court filing. A new entity controlled by the CEO, Anthony Aquila, has offered to purchase “substantially all” of the assets for $4 million in cash. The sale will also wipe clean a more-than-$11 million debt… Continue reading Canoo’s CEO is buying the bankrupt EV startup’s assets

Suppliers slash spending, jobs, EV plans as they brace for middling new-vehicle sales

Major North American suppliers are reducing engineering and R&D spending and cutting thousands of jobs to support profit margins as they anticipate weak new-vehicle sales growth and electric vehicle sales uncertainty. Lear Corp., for example, cut about 15,000 jobs worldwide in 2024, a figure it expects to match in 2025. “The actions we are taking… Continue reading Suppliers slash spending, jobs, EV plans as they brace for middling new-vehicle sales

Suppliers slash spending, jobs, EV plans as they brace for middling new-vehicle sales

Major North American suppliers are reducing engineering and R&D spending and cutting thousands of jobs to support profit margins as they anticipate weak new-vehicle sales growth and electric vehicle sales uncertainty. Lear Corp., for example, cut about 15,000 jobs worldwide in 2024, a figure it expects to match in 2025. “The actions we are taking… Continue reading Suppliers slash spending, jobs, EV plans as they brace for middling new-vehicle sales

MAGNA-TILES® Continues Industry-Leading Innovation with Reveal of New Rail Racers at Toy Fair New York

First Fan-Made Invention Reimagines Ball Runs and Takes Magnetic Building to the Next Level NEW YORK, March 1, 2025 /PRNewswire/ — MAGNA-TILES®, America’s #1 Magnetic Building Sets Brand¹, is racing into American International Toy Fair with the global reveal of their first fan-made innovation, Rail Racers. Co-developed with Michael Bergmann, dad of 3 and a… Continue reading MAGNA-TILES® Continues Industry-Leading Innovation with Reveal of New Rail Racers at Toy Fair New York

Magna International’s (TSE:MG) Soft Earnings Are Actually Better Than They Appear

Soft earnings didn’t appear to concern Magna International Inc.’s (TSE:MG) shareholders over the last week. Our analysis suggests that while the profits are soft, the foundations of the business are strong. See our latest analysis for Magna International TSX:MG Earnings and Revenue History February 24th 2025 Importantly, our data indicates that Magna International’s profit was… Continue reading Magna International’s (TSE:MG) Soft Earnings Are Actually Better Than They Appear

Just Four Days Till Magna International Inc. (TSE:MG) Will Be Trading Ex-Dividend

Readers hoping to buy Magna International Inc. (TSE:MG) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company’s books in order to receive a… Continue reading Just Four Days Till Magna International Inc. (TSE:MG) Will Be Trading Ex-Dividend

@BMW: BMW reveals revolutionary electric drive concept with 800V technology for the Neue Klasse.003943

Woodcliff Lake, NJ – February 20, 2025… BMW is presenting its next leap forward in the field of electric drive technology – and in the process ushering in a new era of all-electric driving. At the Tech Days event in Landshut, the company has provided some initial insights into the development and production of high-voltage… Continue reading @BMW: BMW reveals revolutionary electric drive concept with 800V technology for the Neue Klasse.003943