Announcement of Periodic Review: Moody’s announces completion of a periodic review of ratings of Magna International Inc. Toronto, June 30, 2020 — Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of Magna International Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a… Continue reading Magna International Investments S.A. — Moody’s announces completion of a periodic review of ratings of Magna International Inc.
Tag: Contract Manufacturer
@GM: GM Honors Top Global Suppliers for Innovation and Performance
GM Honors Top Global Suppliers for Innovation and Performance 2020-06-24 DETROIT — General Motors recognized its most innovative partners during a virtual ceremony to celebrate its 28th annual Supplier of the Year awards on June 24, 2020. Recipients of the Supplier of the Year award included 116 suppliers from 15 countries, with 13 first-time winners, as… Continue reading @GM: GM Honors Top Global Suppliers for Innovation and Performance
Magna will expand Highland Park seating plant, creating 480 new jobs
Magna International Inc. is investing more than $35 million to expand its Highland Park plant after winning two new full seat assembly contracts, according to the Michigan Economic Development Corp. The plan is expected to create 480 new jobs, including nearly 300 entry-level positions, just as the automotive supplier sector faces deep strains following weeks… Continue reading Magna will expand Highland Park seating plant, creating 480 new jobs
Magna annonce une offre de billets de premier rang
AURORA, Ontario, 17 juin 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX : MG ; NYSE : MGA) a annoncé aujourd’hui avoir conclu une convention de prise ferme prévoyant l’émission pour un capital total de 750 millions USD de ses billets non garantis de premier rang conformément à une déclaration d’enregistrement effective préalablement déposée auprès de la Securities and Exchange… Continue reading Magna annonce une offre de billets de premier rang
Tesla signs three-year pricing deal with battery cell maker Panasonic
FILE PHOTO: The company logo is pictured on a Tesla Model X electric car in Berlin, Germany, November 13, 2019. REUTERS/Fabrizio Bensch (Reuters) – Tesla Inc (TSLA.O) has signed a three-year pricing deal with Japan’s Panasonic Corp (6752.T) relating to the manufacture and supply of lithium-ion battery cells at the Gigafactory in Nevada, the electric… Continue reading Tesla signs three-year pricing deal with battery cell maker Panasonic
2021 Ineos Grenadier spy shots – Motor Authority
A rugged, utilitarian off-roader being developed by British chemicals giant Ineos has been spotted for the first time. It’s called the Grenadier, and it’s due to enter production in 2021 at a plant under construction in Bridgend, Wales. The site is only 30 minutes drive from where Aston Martin has built its new St Athan… Continue reading 2021 Ineos Grenadier spy shots – Motor Authority
Forsee Power dreams of seeing electric buses becoming widespread in France
France, land of industrialization of the electric vehicle? Christophe Gurtner, CEO of Forsee Power, is delighted with the speeches hammered in recent weeks by public authorities. His company, created in 2011, specializes in the design and manufacture of battery systems for light vehicles (2 or 3 wheels), and for heavy vehicles (especially buses). And the… Continue reading Forsee Power dreams of seeing electric buses becoming widespread in France
UPDATE 1-Vietnam’s VinFast to launch first electric car in 2021 – Reuters
* Company plans to target U.S. market with electric model * Electric model to debut at LA Auto Show in Nov. 2020 * VinFast a unit of Vingroup, Vietnam’s largest conglomerate * Batteries to use cells from South Korea’s LG Chem (Updates with company statement and details) By Khanh Vu HANOI, May 28 (Reuters) –… Continue reading UPDATE 1-Vietnam’s VinFast to launch first electric car in 2021 – Reuters
Flop of BlueIndy car-share reflects broader ride-hailing challenges
The electric-car sharing future has got the blues. BlueIndy, a pioneering car-sharing service in Indianapolis that launched in 2014, quietly closed last month. Beset by losses, the decision to pull the plug on BlueIndy’s electric cars came before the global coronavirus pandemic – and as other similar services have also shut their doors. BlueIndy, an electric-car sharing… Continue reading Flop of BlueIndy car-share reflects broader ride-hailing challenges
Magna Announces Senior Notes Offering
AURORA, Ontario, June 08, 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into an underwriting agreement providing for the issuance of U.S.$750 million aggregate principal amount of its senior unsecured notes pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission… Continue reading Magna Announces Senior Notes Offering