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
Tag: Contract Manufacturer
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
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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
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