Tag: Contract Manufacturer

Magna Posts 2018 Annual Report

AURORA, Ontario, March 29, 2019 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2018 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company’s website, www.magna.com.  Magna has also filed these documents with the… Continue reading Magna Posts 2018 Annual Report

Magna Closes Sale of Fluid Pressure & Controls Business to Hanon Systems

AURORA, Ontario, March 29, 2019 (GLOBE NEWSWIRE) — Magna announced today that it has completed the sale of its Fluid Pressure & Controls (FP&C) business to Hanon Systems, a South Korea-based global supplier of thermal and energy management systems, as previously announced.INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relationslouis.tonelli@magna.com, (+1) 905.726.7035MEDIA CONTACTTracy Fuerst, Global Director of Corporate… Continue reading Magna Closes Sale of Fluid Pressure & Controls Business to Hanon Systems

UPDATE 4-Lyft valued at $24.3 bln in first ride-hailing IPO

(Reuters) – Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup on Thursday, raising more than it had set off to do as investors overlooked uncertainty over its path to becoming a profitable company. Lyft’s IPO sets the stage for the stock market debut of larger… Continue reading UPDATE 4-Lyft valued at $24.3 bln in first ride-hailing IPO

Lidar and perception startup Innoviz raises $132 million

Innoviz, the Israel-based startup developing solid-state lidar sensors and perception software for autonomous vehicles, has raised $132 million in a Series C funding round that includes major Chinese financial institutions. The round, which makes Innoviz one of the better capitalized lidar startups, includes China Merchants Capital (SINO-BLR Industrial Investment Fund, L.P.), Shenzhen Capital Group and… Continue reading Lidar and perception startup Innoviz raises $132 million

Innoviz Technologies Raises $132M in Series C Funding to Accelerate Solid-State LiDAR Production, Expand Team and Further R&D Efforts

This significant raise will support Innoviz’s commercialization of its leading InnovizPro and InnovizOne solid-state LiDAR solutions and address growing demand for cutting-edge autonomous vehicles (AV) technologies worldwide. View a live demonstration of Innoviz’s solid-state LiDAR solution in action here. The company is focusing expansion efforts in key automotive markets including the U.S., Europe, Japan and… Continue reading Innoviz Technologies Raises $132M in Series C Funding to Accelerate Solid-State LiDAR Production, Expand Team and Further R&D Efforts

Decisions taken by Valmet Oyj’s Annual General Meeting and Board of Directors

Decisions taken by Valmet Oyj’s Annual General Meeting and Board of Directors Valmet Oyj’s stock exchange release on March 21, 2019 at 4:30 p.m. EET The Annual General Meeting of Valmet Oyj was held in Helsinki today on March 21, 2019. The Annual General Meeting adopted the Financial Statements for 2018 and discharged the members… Continue reading Decisions taken by Valmet Oyj’s Annual General Meeting and Board of Directors

VinFast tests its first 155 Lux cars abroad – http://en.vietnamplus.vn/

Hanoi (VNA) – The first batch of VinFast Lux cars have shipped to 14 countries in four continents for quality and safety tests. The testing process will last from now to August 2019, ensuring all VinFast products meet the high standards of Europe and the world before being sold on the market. A total of… Continue reading VinFast tests its first 155 Lux cars abroad – http://en.vietnamplus.vn/

UPDATE 3-BMW plans to cut costs after warning on profits

MUNICH (Reuters) – BMW expects group pretax profit to fall by more than 10 percent this year and plans a sweeping 12 billion euro ($13.6 billion) savings and efficiency plan to help offset higher technology investment and currency costs. The German carmaker last week reported a 7.9 percent fall in 2018 operating profit and said… Continue reading UPDATE 3-BMW plans to cut costs after warning on profits

VinFast Launches Limited Edition Lux SUV in Switzerland – Business Insider

HANOI, VIETNAM – Media OutReach – 6 March 2019 – VinFast will introduce its first luxury SUV at the Geneva Motor Show 2019 in Switzerland from March 7-17. Equipped with the powerful 6.2-litre V8 and outstanding interior and exterior upgrades, the newly-launched VinFast Lux V8 has quickly attracted the attention of international experts and media.   VinFast Lux… Continue reading VinFast Launches Limited Edition Lux SUV in Switzerland – Business Insider