Chipmaker Qualcomm Inc and SSW Partners said this month they had reached an agreement to buy Veoneer for $4.5 billion. STOCKHOLM: Swedish automotive technology group Veoneer reported on Tuesday a narrower third-quarter loss amid a global chip shortage and said it would no longer provide an outlook as it focused on its looming merger. Chipmaker… Continue reading Takeover target Veoneer’s losses narrow ahead of Qualcomm deal
Tag: Contract Manufacturer
Veoneer: Financial Report July – September 2021
STOCKHOLM, Oct. 26, 2021 /PRNewswire/ — Veoneer, Inc. (NYSE: VNE and SSE: VNE-SDB) Financial Summary – Q3’21 Active Safety drives organic sales growth, despite 20% YoY decline in light vehicle production (LVP) Net Sales $391 million, Net sales increase 5%, Organic Sales1 increase 3% YoY Active Safety Net Sales increase 27%, Organic Sales increase 24%… Continue reading Veoneer: Financial Report July – September 2021
GM, Ford results likely to reflect chip shortage’s varying impacts on sector
DETROIT: General Motors Co and Ford Motor Co are likely to show investors both the positive and negative financial impacts of the global semiconductor chip shortage when the U.S. automakers report third-quarter results on Wednesday. GM and Ford have had to bring some assembly lines to a halt for lack of semiconductors, and contend with… Continue reading GM, Ford results likely to reflect chip shortage’s varying impacts on sector
Valmet Automotive is building a biogas terminal for the Uusikaupunki plant
Valmet Automotive has signed an agreement to build a biogas terminal on the Uusikaupunki plant site. The terminal is an important part of the company’s strategic sustainability program and it plays a decisive role in realizing CO2 neutrality of the Uusikaupunki site by eliminating CO2 emissions, reducing energy consumption and improving energy efficiency. Valmet Automotive’s… Continue reading Valmet Automotive is building a biogas terminal for the Uusikaupunki plant
Magna Updates 2021 Outlook
AURORA, Ontario, Oct. 20, 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has updated its 2021 outlook to reflect declines in anticipated 2021 light vehicle production, including 7% and 9% in North America and Europe, respectively, in each case relative to expected light vehicle production levels disclosed in… Continue reading Magna Updates 2021 Outlook
Automobili Pininfarina and BOVET 1822 Present the New Battista Tourbillon Timepiece
Per Svantesson, Chief Executive Officer, Automobili Pininfarina, said: “Since the day we first connected with Pascal Raffy and the artisans of BOVET 1822, we felt mutually inspired by the opportunity to create another art form for clients desiring the pinnacle in design and watchmaking. With the unveiling of our first timepiece, we aim to showcase… Continue reading Automobili Pininfarina and BOVET 1822 Present the New Battista Tourbillon Timepiece
Taiwan’s Foxconn reveals two new electric cars
Taiwanese electronics giant Foxconn has revealed two new electric cars, underlining the firm’s intentions to become a “global automotive manufacturer”. Foxconn, known for contract-manufacturing devices such as the Apple iPhone, revealed the ‘Model C’ SUV and the ‘Model E’ sedan, alongside the ‘Model T’ bus in a livestream event on Monday. The two cars are based on a newly introduced… Continue reading Taiwan’s Foxconn reveals two new electric cars
Taiwan’s Foxconn shows off three electric vehicle prototypes
Foxtron Vice Chairman Tso Chi-sen told reporters that electric vehicles would be worth a trillion Taiwan dollars to Foxconn in five years time – a figure equivalent to around $35 billion. TAIPEI: Taiwan tech giant Foxconn unveiled its first three electric vehicle prototypes on Monday, underscoring ambitious plans to diversify away from its role of… Continue reading Taiwan’s Foxconn shows off three electric vehicle prototypes
Tesla Roadster production delayed again until 2023
Production of the second-generation Tesla Roadster has been pushed back again to 2023, adding yet another year to the wait between the electric sports car’s initial reveal and its on-sale date. Tesla’s CEO, Elon Musk, made the announcement in his usual roundabout fashion during the company’s annual shareholder meeting, citing supply chain difficulties as the… Continue reading Tesla Roadster production delayed again until 2023
Magna annonce la résiliation d’un accord de fusion avec Veoneer
Magna a renoncé à une période d’égalisation de quatre jours pour faire une contre-proposition Veoneer s’apprête à payer des frais de résiliation La décision de renoncer souligne l’approche disciplinée de Magna en matière d’évaluation AURORA, Ontario, 14 oct. 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX : MG ; NYSE : MGA) a annoncé aujourd’hui que le Conseil… Continue reading Magna annonce la résiliation d’un accord de fusion avec Veoneer