Magna International Inc. MGA delivered adjusted earnings per share of $1.41 in fourth-quarter 2019, beating the Zacks Consensus Estimate of $1.32. Stellar revenues in the Body Exteriors & Structures, Power & Vision and Seating Systems segments led to this outperformance. However, the bottom-line figure declined from the year-ago quarter’s $1.63. The company’s revenues declined 7.3%… Continue reading Magna (MGA) Q4 Earnings & Revenues Top Estimates, Down Y/Y
Tag: Magna
Renault Twingo ZE Ties With Smart Make It Better Than The ZOE
As expected, the Renault Twingo ZE has finally arrived. It was just a matter of time to see it around, considering its close ties to the Smart Forfour: both share the same platform and are built at the Revoz plant in Novo Mesto, Slovenia. What most did not see coming was that these ties will… Continue reading Renault Twingo ZE Ties With Smart Make It Better Than The ZOE
Magna Announces Fourth Quarter and 2019 Results and Raises Quarterly Cash Dividend per Share by 10%
Fourth Quarter 2019 HighlightsCash from operations increased to $1.70 billion, despite lower sales and earningsReturned $365 million to shareholders through share repurchases and dividendsRaised quarterly cash dividend by 10% to $0.40 per shareFull Year 2019 HighlightsRecord cash from operations of $3.96 billion, despite lower sales and earningsReturned approximately $1.7 billion to shareholders through share repurchases and… Continue reading Magna Announces Fourth Quarter and 2019 Results and Raises Quarterly Cash Dividend per Share by 10%
Jaguar halts production of electric I-Pace due to shortage of batteries – This is Money
Within a week of Boris Johnson’s announcement that Britons will have no choice but to buy new electric cars from 2035, Jaguar has suffered battery supply issues for its I-Pace. Outputs of the £61,000 pure electric I-Pace at Jaguar’s Graz factory in Austria have been put on hold because of a shortage of lithium-ion batteries to… Continue reading Jaguar halts production of electric I-Pace due to shortage of batteries – This is Money
Fourth Quarter & Year End 2019 Results Conference Call
AURORA, Ontario, Feb. 05, 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA)INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com 905-726-7035TELECONFERENCE CONTACTNancy Hansford, Executive Assistant, Investor Relationsnancy.hansford@magna.com 905-726-7108 Go to Source
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Duis tortor leo, ultrices non pretium in, tristique eget massa. Curabitur porta felis placerat dolor pharetra, id suscipit justo blandit. Duis pellentesque varius mauris, eu tincidunt elit. Pellentesque porta turpis et erat aliquam rhoncus. Morbi ac rhoncus urna. Interdum et malesuada fames ac ante ipsum primis in faucibus. Proin tellus ex, lobortis eget vestibulum quis,… Continue reading Neque porro quisquam est qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit
Magna annonce ses perspectives financières
Croissance du chiffre d’affaires et augmentation de la marge BAII1 prévues sur la période des perspectivesPrévision de flux de trésorerie disponible2 d’environ 5,5 milliards de dollars pour la période 2020-2022Marge BAII plus élevée prévue en 2020AURORA, Ontario, 23 janv. 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX : MG ; NYSE : MGA) a annoncé aujourd’hui ses perspectives financières pour 2020… Continue reading Magna annonce ses perspectives financières
Meet the Sony Electric Car (Yes, From the PlayStation People)
The biggest surprise at CES 2020, at least for us, wasn’t some game-changing foldable smartphone or a robot that can wash the dishes for you. Instead Sony, a company that’s famous for making consumer electronics like the PlayStation and Walkman, and for starting the mirrorless DSLR trend, announced a car. It’s a battery-electric vehicle called… Continue reading Meet the Sony Electric Car (Yes, From the PlayStation People)
EV battery swapping is dead in US, but China wants to make it happen
With the rise and fall of battery-swap company Better Place in 2013, the prospect of mass-scale swappable EV battery packs in the US fell by the wayside. Tesla abandoned the idea a few years later. The big problem (among many) was a lack of common battery standards across multiple automakers. Battery packs need to be… Continue reading EV battery swapping is dead in US, but China wants to make it happen
KARMA NAMES NEW CHIEF OPERATIONS OFFICER TO DRIVE TECHNOLOGY-FOCUSED BUSINESS STRATEGY
VIEW ALL () x Jan 13,2020 Kevin Pavlov Strengthens Karma’s Executive Leadership Team Growing the Business Beyond Pure Automotive Key Assignment: Implement CEO’s Strategic Vision and Direction for Operations and Tech-Focused Business IRVINE, Calif. (Jan. 13, 2020) – Kevin Pavlov, an accomplished global-operations executive from the transportation and consumer electronics industry, has joined Karma,… Continue reading KARMA NAMES NEW CHIEF OPERATIONS OFFICER TO DRIVE TECHNOLOGY-FOCUSED BUSINESS STRATEGY