Fisker CEO and Chairman Henrik Fisker joins Yahoo Finance’s Pras Subramanian and Akiko Fujita to discuss the electric vehicle maker’s latest models, the outlook for production and supply chain issues, auto segments and competition, and how the Inflation Reduction Act could impact the electric vehicle market. Video Transcript AKIKO FUJITA: We are beginning this hour,… Continue reading Fisker CEO: The Inflation Reduction Act will ‘slow down the adoption of EVs’
Tag: Contract Manufacturer
Fisker Q2 report: Over 56k Ocean reservations, test cars, plus PEAR and Project Ronin updates
We have officially passed the halfway marker for the 2022 fiscal year, and those quarterly reports are starting to roll in. Fisker’s Q2 update came this morning, showcasing a decent appetite for its flagship Ocean SUV, alongside some updates to the progress of the next two Fisker models to follow. Despite a public magnified glass… Continue reading Fisker Q2 report: Over 56k Ocean reservations, test cars, plus PEAR and Project Ronin updates
BorgWarner (BWA) Beats on Q2 Earnings, Buys Rhombus Energy
BorgWarner Inc.’s BWA adjusted earnings of $1.05 per share for second-quarter 2022 declined from $1.08 recorded in the prior-year quarter. The bottom line, however, beat the Zacks Consensus Estimate of 86 cents per share. Higher-than-anticipated revenues from Fuel Systems and Aftermarket segments resulted in the outperformance. The automotive equipment supplier reported net sales of $3,759 million,… Continue reading BorgWarner (BWA) Beats on Q2 Earnings, Buys Rhombus Energy
Magna’s (MGA) Q2 Earnings Miss Estimates, Revenues Beat
Magna International MGA reported second-quarter 2022 adjusted earnings of 83 cents per share, which declined 41% on a year-over-year basis. The bottom line also lagged the Zacks Consensus Estimate of 93 cents a share. Lower-than-expected EBIT in the Body Exteriors & Structures, Power & Vision and Seating Systems segments led to the underperformance. In the… Continue reading Magna’s (MGA) Q2 Earnings Miss Estimates, Revenues Beat
@BMW: E-drive production expands in Leipzig: Second battery module line goes on stream002158
Leipzig. Today sees the launch of BMW Group Plant Leipzig’s second battery module production line. Further expanding e-component production in the German state of Saxony, the new system manufactures modules for the fully electric BMW i4*, made in Munich. Plant Leipzig’s first such production line went on stream in May 2021 and supplies the battery… Continue reading @BMW: E-drive production expands in Leipzig: Second battery module line goes on stream002158
Magna International Reports Mixed Q2 Earnings
Benzinga International Paper Q2 Earnings Top Estimates International Paper Co (NYSE: IP) reported second-quarter FY22 sales growth of 12.9% year-on-year to $5.39 billion, beating the consensus of $5.36 billion. Net sales from Industrial Packaging rose 11.4% Y/Y, Global Cellulose Fibres grew 15.9%, and Corporate and Inter-segment jumped 83.3%. Adjusted EPS of $1.24 beat the analyst… Continue reading Magna International Reports Mixed Q2 Earnings
Bookings for Scorpio-N open tomorrow
For dealers of Mahindra & Mahindra, tomorrow will be a busy day. According to sources, more than around 2 lakh customers have already added Scorpio N, launched on 27 June, to the booking cart, much like you do when shopping online. Dealers are apprehensively stating that “hopefully the site doesn’t crash” when bookings open tomorrow… Continue reading Bookings for Scorpio-N open tomorrow
@Fisker: Fisker Will Showcase the All-electric Fisker Ocean at the 2022 Pebble Beach Concours d’Elegance 000089
LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker”) — passionate creator of the world’s most sustainable electric vehicles and advanced mobility solutions — will bring the all-electric Fisker Ocean to Pebble Beach Automotive Week at Pebble Beach Concours d’Elegance from August 18-21, 2022. “We are excited to be at Pebble Beach Concours to showcase one of… Continue reading @Fisker: Fisker Will Showcase the All-electric Fisker Ocean at the 2022 Pebble Beach Concours d’Elegance 000089
Magna (MGA) Q2 Earnings Lag Estimates
Magna (MGA) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $1.40 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -10.75%. A quarter ago, it was expected that this… Continue reading Magna (MGA) Q2 Earnings Lag Estimates
Global Vehicle Electrification Market Report 2022-2027: Declining Prices of Batteries Around the World Presents Lucrative Growth Opportunities
DUBLIN, July 29, 2022 /PRNewswire/ — The “Vehicle Electrification Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering. The global vehicle electrification market reached a value of US$ 78.78 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 123.01… Continue reading Global Vehicle Electrification Market Report 2022-2027: Declining Prices of Batteries Around the World Presents Lucrative Growth Opportunities