Magna – Page 3 – I wish I had more to offer

Tariffs Will Cost Automakers Billions, Says Canada’s Linamar

(Bloomberg) — Adding steel and aluminum tariffs to auto tariffs would cost carmakers billions of dollars and is “likely to shut the industry down,” says the head of Canada’s second-largest public car parts manufacturer, Linamar Corp. Most Read from Bloomberg On Tuesday, US President Donald Trump placed 25% tariffs on most Canadian goods, with Canada… Continue reading Tariffs Will Cost Automakers Billions, Says Canada’s Linamar

Tariffs could result in billions in losses for automakers, says Linamar CEO

Tariff threats have taken their toll on auto sector stocks, with Linamar shares down about 11% this year. Adding steel and aluminum tariffs to auto tariffs would cost carmakers billions of dollars and is “likely to shut the industry down,” says the head of Canada’s second-largest public car parts manufacturer, Linamar Corp. On Tuesday, US… Continue reading Tariffs could result in billions in losses for automakers, says Linamar CEO

CEOs and world leaders to convene at Hampton Court Palace for The Sustainable Markets Initiative’s pivotal sustainable transition summit

Summit will set out the economic case for a transition to sustainable future and marks five years since His Majesty King Charles III, then Prince of Wales, launched the Sustainable Markets Initiative to mobilise private sector action Terra Carta Roundtables & Exhibition to take place on 10-11 March at Hampton Court Palace, London Hundreds of… Continue reading CEOs and world leaders to convene at Hampton Court Palace for The Sustainable Markets Initiative’s pivotal sustainable transition summit

Des chefs d’entreprise et des dirigeants du monde entier se réunissent au palais de Hampton Court pour le sommet sur la transition durable organisé par la Sustainable Markets Initiative

Le sommet présentera l’argument économique en faveur d’une transition vers un avenir durable et marquera le cinquième anniversaire du lancement de la Sustainable Markets Initiative par Sa Majesté le Roi Charles III, alors Prince de Galles, pour mobiliser l’action du secteur privé. Les tables rondes et l’exposition Terra Carta se tiendront les 10 et 11 mars… Continue reading Des chefs d’entreprise et des dirigeants du monde entier se réunissent au palais de Hampton Court pour le sommet sur la transition durable organisé par la Sustainable Markets Initiative

Magna price target lowered to $36.50 from $44 at CIBC

https://www.tipranks.com/news/the-fly/magna-price-target-lowered-to-36-50-from-44-at-cibc CIBC analyst Krista Friesen lowered the firm’s price target on Magna (MGA) to $36.50 from $44 and keeps a Neutral rating on the shares. The firm appreciates that the auto suppliers are trading near multi-year lows, but it views the tariffs by the U.S. as an “existential threat to the industry.” The implementation of… Continue reading Magna price target lowered to $36.50 from $44 at CIBC

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

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

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