Magna Accelerates Hybrid Innovation With First Dedicated Drive System Award

Magna International Inc. Dedicated hybrid drive system brings high performance and sustainability to leading Chinese OEM New 800V solution ensures a smooth and comfortable experience in all driving conditions Scalable DHD Duo design integrates seamlessly across various vehicle models, enhancing energy efficiency and driving versatility AURORA, Ontario, Nov. 19, 2024 (GLOBE NEWSWIRE) — As OEMs… Continue reading Magna Accelerates Hybrid Innovation With First Dedicated Drive System Award

Are Investors Undervaluing Magna International Inc. (TSE:MG) By 49%?

Magna International’s estimated fair value is CA$121 based on 2 Stage Free Cash Flow to Equity Magna International is estimated to be 49% undervalued based on current share price of CA$61.88 Our fair value estimate is 81% higher than Magna International’s analyst price target of US$67.09 Does the November share price for Magna International Inc.… Continue reading Are Investors Undervaluing Magna International Inc. (TSE:MG) By 49%?

Public procurement norms may be tweaked to aid makers under PLI

India has in put place PLI schemes for 14 sectors to increase local production of mobiles, automobiles, electronics components and pharmaceuticals among others. New Delhi: The government is examining tweaking its public procurement norms to aid manufacturers under the production-linked incentive (PLI) schemes. The government is assessing the idea to offer the benefit of deemed… Continue reading Public procurement norms may be tweaked to aid makers under PLI

Magna Shares Rise 12% Since Q3 Earnings Miss Expectations

Shares of Magna International MGA gained 11.7% since the company reported third-quarter 2024 results. The auto equipment provider reported adjusted earnings of $1.28 per share, which declined from the year-ago quarter’s $1.46 and missed the Zacks Consensus Estimate of $1.48.  Net sales declined 3.8% year over year to $10.3 billion and missed the Zacks Consensus… Continue reading Magna Shares Rise 12% Since Q3 Earnings Miss Expectations

AUTOMOBILI PININFARINA STRENGTHENS FLORIDA PRESENCE WITH NEW RETAIL PARTNER IN WEST PALM BEACH

AUTOMOBILI PININFARINA STRENGTHENS FLORIDA PRESENCE WITH NEW RETAIL PARTNER IN WEST PALM BEACH This announcement comes mid-way through a highly successful US tour, which has already seen Battista and B95 Gotham presented to potential clients in Los Gatos, Newport Beach, Beverly Hills, and Salt Lake City, as well as a distinguished presentation of the two… Continue reading AUTOMOBILI PININFARINA STRENGTHENS FLORIDA PRESENCE WITH NEW RETAIL PARTNER IN WEST PALM BEACH

Electric Trucks Market to Grow by USD 20.32 Billion (2024-2028), Driven by Demand for Fuel-Efficient, Low-Emission Vehicles, Report Highlights AI’s Role – Technavio

NEW YORK, Nov. 14, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global electric trucks market size is estimated to grow by USD 20.32 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  35.44%  during the forecast period. Growing demand for fuel-efficient and low-emission vehicles is… Continue reading Electric Trucks Market to Grow by USD 20.32 Billion (2024-2028), Driven by Demand for Fuel-Efficient, Low-Emission Vehicles, Report Highlights AI’s Role – Technavio

AUTOMOBILI PININFARINA STRENGTHENS FLORIDA PRESENCE WITH NEW RETAIL PARTNER IN WEST PALM BEACH

AUTOMOBILI PININFARINA STRENGTHENS FLORIDA PRESENCE WITH NEW RETAIL PARTNER IN WEST PALM BEACH This announcement comes mid-way through a highly successful US tour, which has already seen Battista and B95 Gotham presented to potential clients in Los Gatos, Newport Beach, Beverly Hills, and Salt Lake City, as well as a distinguished presentation of the two… Continue reading AUTOMOBILI PININFARINA STRENGTHENS FLORIDA PRESENCE WITH NEW RETAIL PARTNER IN WEST PALM BEACH

M&M appoints Meenakshi Priyam as Senior VP and HR Head (Designate) for automotive sector

Meenakshi Priyam has been appointed Senior Vice President and HR Head (Designate) for Mahindra Group’s automotive division, effective November 4, 2024. She takes over from Indrajeet Sengupta. She will report to Veejay Nakra, President, Automotive Division and Rohit Thakur, Chief Human Resource officer- Auto & Farm sector.  Besides this, she will be responsible for bringing… Continue reading M&M appoints Meenakshi Priyam as Senior VP and HR Head (Designate) for automotive sector

Can On Semiconductor’s Expanding Treo Platform Push the Stock Higher?

On Semiconductor ON is expanding its reach into high-efficiency power and sensing solutions with the introduction of the Treo Platform, an advanced analog and mixed-signal platform based on the Bipolar-CMOS-DMOS process technology at the 65nm node. This versatile platform is designed to support a wide array of applications across automotive, industrial, healthcare, and data center… Continue reading Can On Semiconductor’s Expanding Treo Platform Push the Stock Higher?