Tag: Magna

Magna International boosts Indian presence with new Chakran site

Magna’s new manufacturing plant in Chakan will create 300 jobs in the next three years. Credit: JHVEPhoto via Shutterstock. Canadian automotive supplier and mobility technology company Magna International has launched its new manufacturing facility in Chakan, Maharashtra, India. Spanning nearly 6,000sqm, it will produce advanced latches and mirrors for automotive applications. Additionally, the new site… Continue reading Magna International boosts Indian presence with new Chakran site

Cooper Corporation enters tractor market with new manufacturing plant in Maharashtra

Cooper Corporation, an engine and component manufacturer, launched its first tractor manufacturing facility in Satara, Maharashtra, on February 1, 2025. The company also introduced its NDC Series tractors, developed in collaboration with international firms including Ricardo UK, Magna Steyr, Carraro, and Mita. Maharashtra Public Works Minister Ch. ShivendraRaje Bhosale inaugurated the facility, alongside Mahesh Shinde,… Continue reading Cooper Corporation enters tractor market with new manufacturing plant in Maharashtra

Autoliv, Inc. (ALV) Surpasses Q4 Earnings Estimates

Autoliv, Inc. (ALV) came out with quarterly earnings of $3.05 per share, beating the Zacks Consensus Estimate of $2.83 per share. This compares to earnings of $3.74 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.77%. A quarter ago, it was expected that… Continue reading Autoliv, Inc. (ALV) Surpasses Q4 Earnings Estimates

Magna opens vehicle parts manufacturing facility in Maharashtra

Global automotive supplier Magna has opened a manufacturing facility in Chakan, Maharashtra, to produce latches and mirrors for carmakers in western India. The 65,000 sq. ft. plant is expected to create over 300 jobs in the next three years. Jeff Hunt, President of Magna MML (Mechatronics, Mirrors, and Lighting), inaugurated the facility on Wednesday through… Continue reading Magna opens vehicle parts manufacturing facility in Maharashtra

SuperCom Wins New Multi-Year National Contract with Government of Nordic European Country

TEL AVIV, Israel, Jan. 29, 2025 /PRNewswire/ — SuperCom (Nasdaq: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that it has won a new multi-year national contract with the government of a Nordic European country. Under this contract, SuperCom will develop, deliver, and maintain a new national… Continue reading SuperCom Wins New Multi-Year National Contract with Government of Nordic European Country

Automotive Engineering Service Providers Market to grow by USD 12.09 Billion (2025-2029), driven by digitization and electrification of automobiles, report with AI impact on market trends – Technavio

NEW YORK, Jan. 28, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global automotive engineering service providers (ESP) market size is estimated to grow by USD 12.09 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 9.8% during the forecast period. Increasing digitization and… Continue reading Automotive Engineering Service Providers Market to grow by USD 12.09 Billion (2025-2029), driven by digitization and electrification of automobiles, report with AI impact on market trends – Technavio

Magna upgraded by RBC on improving macro trends, EV recovery optimism

Investing.com — Magna International Inc (TSX:MG) got an upgrade to “Outperform” from “Sector Perform” at RBC Capital Markets given an improved U.S. macroeconomic conditions, better dealer inventories, and a likely rebound in electric vehicle demand in 2025. RBC raised its price target for the Canadian auto parts manufacturer to $52 from $41. A stronger December… Continue reading Magna upgraded by RBC on improving macro trends, EV recovery optimism

The Demise of DEI: A New Dawn for Black Economic Autonomy with the Inauguration of Black Business Enterprise (BBE) Certification, Echoing Booker T. Washington’s Legacy

The National Business League Secures Historic USPTO Federal Trademark for Black Business Enterprise (BBE), Revolutionizing Economic Equity and Sovereignty for Black Entrepreneurs Globally TUSKEGEE, Ala., Jan. 23, 2025 /PRNewswire/ — More than six decades or 61 years after the Civil Rights Act of 1964, Black communities remain tethered to systemic inequities. Today, the National Business… Continue reading The Demise of DEI: A New Dawn for Black Economic Autonomy with the Inauguration of Black Business Enterprise (BBE) Certification, Echoing Booker T. Washington’s Legacy