Less than twenty-four hours after announcing the closing of its purchase of an Ohio assembly plant from Lordstown Motors, Foxconn and its partner Fisker Inc. announced the facility will soon be home to production of the latter’s upcoming PEAR EV. We first learned of Project PEAR, an acronym for Personal Electric Automotive Revolution, in February… Continue reading Foxconn wastes no time announcing Fisker PEAR will be built at newly acquired Lordstown plant
Tag: Contract Manufacturer
Lordstown Motors shares surge as it closes deal with Foxconn, article with gallery
May 11 (Reuters) – Lordstown Motors Corp (RIDE.O) said it has completed a deal to sell certain assets to Taiwanese contract manufacturer Foxconn (2317.TW), clinching funds essential for the production of its Endurance electric pickup truck. The Ohio-based company’s shares soared more than 14% in extended trading on Wednesday. The struggling EV maker last year… Continue reading Lordstown Motors shares surge as it closes deal with Foxconn, article with gallery
Canoo warns it may not have enough funds to bring EVs to market
Canoo’s first-quarter earnings shows a company burning through cash, no near-term revenue and a warning that it may not have enough money to stay in business. Shares of Canoo, which were down 5% Tuesday, fell another 17.5% in after-market trading following the release of its earnings. It has since recovered and is now down more… Continue reading Canoo warns it may not have enough funds to bring EVs to market
@niche: May 09, 2022, 12:00 ETBOLLINGER MOTORS SELECTS ROUSH AS MANUFACTURING SUPPLIERBollinger Motors announced Roush Industries as the contract manufacturer…001860
“We will be building state-of-the-art vehicles from day one right here in Michigan,” said Robert Bollinger, founder and CEO of Bollinger Motors. “Roush has significant engineering and assembly history, and we’re excited to work with them to provide our commercial fleet customers with exceptional electric vehicles.” “Roush will help us to hit our quality and… Continue reading @niche: May 09, 2022, 12:00 ETBOLLINGER MOTORS SELECTS ROUSH AS MANUFACTURING SUPPLIERBollinger Motors announced Roush Industries as the contract manufacturer…001860
Bollinger selects Roush as manufacturer for EV platforms, chassis cabs
Bollinger Motors Inc. on Monday said Roush Enterprises Inc. will be the contract manufacturer to assemble its line of all-electric commercial platforms and chassis cabs in Livonia. The agreement secures more EV manufacturing — specifically of larger commercial Class 3 through 6 trucks and vans — for Michigan just as some have expressed concerns the… Continue reading Bollinger selects Roush as manufacturer for EV platforms, chassis cabs
Leading the Future of Mobility
May 9, 2022 Leading the Future of Mobility Open share list Share this content. The future of mobility is just around the corner, with vehicle electrification underway and fully autonomous vehicles getting closer by the day. For some, it may come as a surprise to learn that LG Electronics develops and manufactures many of the… Continue reading Leading the Future of Mobility
Magna’s Surround View System Launches on All-New Toyota Tundra
Features advanced technologies including 3D and 360-degree surround view, trailer guidance, mutli-terrain view, and see-through hood Available in the North American market Offers best-in-class image quality AURORA, Ontario, May 04, 2022 (GLOBE NEWSWIRE) — Magna’s advanced driver assist systems (ADAS) are helping pave the way for global automakers to enhance safety, comfort and convenience. The… Continue reading Magna’s Surround View System Launches on All-New Toyota Tundra
Magna Announces 2022 Annual and Special Meeting Results
AURORA, Ontario, May 03, 2022 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2022 annual and special meeting of shareholders held on May 3, 2022. A total of 232,806,238 Common Shares or 78.92% of our issued and outstanding Common Shares were represented in person or by proxy… Continue reading Magna Announces 2022 Annual and Special Meeting Results
Magna Begins Production of First Mild Hybrid Transverse Transmission for BMW Group
Magna is the exclusive mild hybrid transmission supplier for all front-transverse applications on BMW Group platform Contract extends across multiple models starting with the new BMW 2 Active Tourer Mild hybrid transmission technology significantly reduces CO2 emissions of an internal combustion engine AURORA, Ontario, May 02, 2022 (GLOBE NEWSWIRE) — Magna continues its accelerated transformation… Continue reading Magna Begins Production of First Mild Hybrid Transverse Transmission for BMW Group
@niche: Magna (MGA) Surpasses Q1 Earnings and Revenue Estimates001831
Magna (MGA) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.86 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 21.90%. A quarter ago, it was expected that this… Continue reading @niche: Magna (MGA) Surpasses Q1 Earnings and Revenue Estimates001831