STOCKHOLM, July 23, 2021 /PRNewswire/ — Financial Summary – Q2’21 Sequential improvement in operating loss and cash flow despite lower than expected LVP and continued supply chain challenges Net Sales $398 million, Net sales increase 116%, Organic Sales1 108% Active Safety Net Sales increase 149%, Organic Sales increase 140% Operating cash flow $(69) million. Cash… Continue reading Financial Report April – June 2021: Veoneer
Tag: Contract Manufacturer
Magna to Acquire Veoneer, Positioning Magna’s ADAS Business as a Global Leader in a Fast-Growing Industry
Veoneer’s complementary products and capabilities strengthen and broaden Magna’s ADAS portfolio and industry position Transaction adds significant engineering and software expertise, including in sensor perception and drive policy software Enhances Magna’s ADAS systems capabilities and feature functionality AURORA, Ontario and STOCKHOLM, Sweden, July 22, 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA)… Continue reading Magna to Acquire Veoneer, Positioning Magna’s ADAS Business as a Global Leader in a Fast-Growing Industry
Magna to acquire Veoneer, positioning Magna’s ADAS business as a global leader in a fast-growing industry
– Veoneer’s complementary products and capabilities strengthen and broaden Magna’s ADAS portfolio and industry position – Transaction adds significant engineering and software expertise, including in sensor perception and drive policy software – Enhances Magna’s ADAS systems capabilities and feature functionality AURORA, Ontario and STOCKHOLM, July 23, 2021 /PRNewswire/ — Magna International Inc. (TSX: MG;NYSE: MGA) and Veoneer,… Continue reading Magna to acquire Veoneer, positioning Magna’s ADAS business as a global leader in a fast-growing industry
Fisker to debut Ocean EV at LA Auto Show, expand global retail presence in 2022
Fisker Inc. has recently shared plans to debut its upcoming Ocean SUV during the 2021 Los Angeles Auto Show, taking place this November. Furthermore, the born-again EV automaker has also shared a timeline for global “Brand Experience Centers,” set to roll out in the US and Europe in 2022. Fisker Inc. ($FSR) is an EV… Continue reading Fisker to debut Ocean EV at LA Auto Show, expand global retail presence in 2022
Lightyear finds a manufacturer to build its solar-powered EV
Dutch startup Lightyear has found a manufacturing partner to build its solar-powered electric car, the Lightyear One. Finnish contract manufacturer Valmet Automotive signed a letter of intent with the startup this week, and the two companies plan to start building prototypes together in early 2022, with an eye on midyear for the beginning of production… Continue reading Lightyear finds a manufacturer to build its solar-powered EV
Valmet Automotive entering into manufacturing contract with EV brand Lightyear
From left to right: Ville Rantala – Project Manager (Valmet Automotive), Hans Heijmans – COO (Lightyear), Gerard Berkelmans – VP Strategic Sourcing & Procurement (Lightyear), Matti Räsänen – VP Sales (Valmet Automotive), Wim van Stratum – VP Operations (Lightyear) Valmet Automotive has signed a letter of intent on vehicle manufacturing with Lightyear, the Netherlands-based technology… Continue reading Valmet Automotive entering into manufacturing contract with EV brand Lightyear
Bosch honors its suppliers’ endeavors for sustainability
Sustainable supply chains: spotlight on climate action With its 400 locations worldwide, Bosch has been climate neutral since the first quarter of 2020. In close cooperation with its global supplier network, Bosch wants to go one step further, and aims for a 15 percent reduction in its upstream and downstream CO2 emissions along its entire… Continue reading Bosch honors its suppliers’ endeavors for sustainability
EV growth propels Denso to close value gap with Honda and Ford
NAGOYA — Is a car worth more than the sum of its parts? This is a question posed by Japanese automotive supplier Denso’s near dead heat in market capitalization with Honda Motor and Ford Motor. Denso’s market cap stood at 5.78 trillion yen ($52.59 billion) as of Thursday, roughly 70% higher than a year earlier. Honda’s… Continue reading EV growth propels Denso to close value gap with Honda and Ford
Under the skin: We need to torque about Audi’s new drift tech
The forthcoming new Audi RS3 comes equipped with a new Torque Splitter rear-axle torque-vectoring system that does away with rear differential gears and replaces them with two ‘wet’ clutch packs. The downside of a conventional differential is that it allows one wheel to spin if it loses traction, and in powerful cars that becomes a… Continue reading Under the skin: We need to torque about Audi’s new drift tech
@niche: REE Automotive announces body partnership with EAVX001044
Israeli start-up REE Automotive has partnered with a major US commercial-vehicle bodywork supplier as it targets the e-mobility market with a new platform. EAVX, owned by JB Poindexter, will collaborate with REE Automotive to develop commercial electric work trucks. Initially, REE and EAVX will work on a “next-generation” walk-in van for the US delivery market,… Continue reading @niche: REE Automotive announces body partnership with EAVX001044