Michael Perschke has been all over the automotive map, from directing Audi India to becoming the CEO of ultra-luxury EV company Automobili Pininfarina upon its 2018 launch. Perschke wants New Automovile Development to become a core “go-to boutique investment firm” for institutional investors looking for sustainable investment targets in the non-public market, including everything from… Continue reading World NM: Why a former auto industry CEO thinks Croatian supercar and technology firm Rimac is the next EV powerhouse000856
Tag: Contract Manufacturer
Magna (MGA) Reports Next Week: Wall Street Expects Earnings Growth
Wall Street expects a year-over-year increase in earnings on higher revenues when Magna (MGA) reports results for the quarter ended December 2020. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The… Continue reading Magna (MGA) Reports Next Week: Wall Street Expects Earnings Growth
Magna (MGA) Dips More Than Broader Markets: What You Should Know
Bloomberg This Crypto Kid Had a $23,000-a-Month Condo. Then the Feds Came. (Bloomberg) — Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading.Buoyed with youthful confidence, Qin, a self-proclaimed math prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called… Continue reading Magna (MGA) Dips More Than Broader Markets: What You Should Know
BorgWarner (BWA) Q4 Earnings & Sales Beat, ’21 View Solid
BorgWarner Inc. BWA reported adjusted earnings of $1.18 per share for fourth-quarter 2020, handily surpassing the Zacks Consensus Estimate of 88 cents amid higher-than-expected revenues. The bottom line also inched up from the year-ago figure of $1.17 per share. This automotive equipment supplier reported net sales of $3,926 million, outpacing the Zacks Consensus Estimate of… Continue reading BorgWarner (BWA) Q4 Earnings & Sales Beat, ’21 View Solid
GM’s electric delivery foray, plus other mobility trends headlining CES | Greenbiz – GreenBiz
For the first time in its 54-year history, the world’s largest tech show — the Consumer Electronics Show (CES) — kicked off this week as an all-virtual event, cramming a week of keynotes, press conferences and over 1,000 exhibitor booths onto the screens of our laptops and from the comfort of our homes. As a… Continue reading GM’s electric delivery foray, plus other mobility trends headlining CES | Greenbiz – GreenBiz
Magna CEO talks driverless cars, COVID-19 response at Detroit Economic Club event
When Swamy Kotagiri considers whether true autonomous driving will ever be achieved, the CEO of Troy-based Magna International uses a comparison to COVID-19. “If someone had told you that the industry would be able to come up with a vaccine in a matter of months versus years, we wouldn’t have believed it. I believe in science, and I think… Continue reading Magna CEO talks driverless cars, COVID-19 response at Detroit Economic Club event
Valmet Automotive increases jobs in Germany for electric vehicle battery engineering
Valmet Automotive, one of the world’s leading contract manufacturers for passenger cars and Tier 1 system supplier for battery systems for electric powered vehicles, is expanding its engineering activities for e-mobility and creating new positions for engineers, technicians and various support functions in Germany. Valmet Automotive has become a leading company in the development and production… Continue reading Valmet Automotive increases jobs in Germany for electric vehicle battery engineering
Zoom Video, FireEye, Ford, Magna and NIO highlighted as Zacks Bull and Bear of the Day
For Immediate Release Chicago, IL – February 8, 2021 – Zacks Equity Research Shares of Zoom Video Communications, Inc. ZM as the Bull of the Day, FireEye, Inc. FEYE as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Ford Motor Company F, Magna International Inc. MGA and NIO Ltd. NIO.… Continue reading Zoom Video, FireEye, Ford, Magna and NIO highlighted as Zacks Bull and Bear of the Day
Triton Electric Vehicle inks MoU with BEL for development of EVs and ESS
NEW DELHI: US-based Triton Electric Vehicle has signed a Memorandum of Understanding (MoU) with Bharat Electronics Limited (BEL) for developing electric vehicles and energy storage systems. As per the MoU, BEL will be the exclusive manufacturing partner to Triton in India for identified products, while Triton will provide the know-how and technical documentation required for… Continue reading Triton Electric Vehicle inks MoU with BEL for development of EVs and ESS
Hyundai, Kia say Apple car deal is off, puncturing investor dream
By Heekyong Yang, Joyce Lee 5 Min Read SEOUL (Reuters) – South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant, sending the automaker’s shares skidding. FILE PHOTO: The Apple Inc logo… Continue reading Hyundai, Kia say Apple car deal is off, puncturing investor dream