Sales of $11.0 billion were level with Q2, 2023, compared to a 2% increase in global light vehicle production Diluted earnings per share and Adjusted diluted earnings per share were $1.09 and $1.35, respectively Paid dividends of $134 million 2024 outlook for Total Sales largely unchanged, Adjusted EBIT Margin range narrowed to 5.4% to 5.8%… Continue reading Magna Announces Second Quarter 2024 Results
Tag: Contract Manufacturer
Auto parts supplier Magna’s quarterly results miss on fewer vehicle assemblies
By Nathan Gomes (Reuters) -Canada’s Magna International missed analysts’ estimates for second-quarter results, hurt by production being stopped for certain vehicles and lower volumes of automobiles assembled, sending the auto parts supplier’s shares down about 2%. The company, which counts BMW, Mazda and Ferrari as customers, produces parts and builds vehicles at its complete vehicle… Continue reading Auto parts supplier Magna’s quarterly results miss on fewer vehicle assemblies
Magna: Q2 Earnings Snapshot
AURORA, Ontario (AP) — AURORA, Ontario (AP) — Magna International Inc. (MGA) on Friday reported second-quarter net income of $313 million. On a per-share basis, the Aurora, Ontario-based company said it had net income of $1.09. Earnings, adjusted for non-recurring costs, came to $1.35 per share. The results fell short of Wall Street expectations. The… Continue reading Magna: Q2 Earnings Snapshot
Magna Announces Second Quarter 2024 Results
Magna International Inc. Sales of $11.0 billion were level with Q2, 2023, compared to a 2% increase in global light vehicle production Diluted earnings per share and Adjusted diluted earnings per share were $1.09 and $1.35, respectively Paid dividends of $134 million 2024 outlook for Total Sales largely unchanged, Adjusted EBIT Margin range narrowed to… Continue reading Magna Announces Second Quarter 2024 Results
Magna Announces Second Quarter 2024 Results
Sales of $11.0 billion were level with Q2, 2023, compared to a 2% increase in global light vehicle production Diluted earnings per share and Adjusted diluted earnings per share were $1.09 and $1.35, respectively Paid dividends of $134 million 2024 outlook for Total Sales largely unchanged, Adjusted EBIT Margin range narrowed to 5.4% to 5.8%… Continue reading Magna Announces Second Quarter 2024 Results
Hyundai Grand i10 Nios CNG dual cylinder priced at Rs 7.75 lakh
After introducing its own dual-cylinder CNG setup in the Exter, Hyundai India has now brought out its Grand i10 Nios hatchback with the same layout. The Hyundai Nios CNG dual-cylinder version is available in the two mid-spec variants, and is priced between Rs 7.75 lakh-8.30 lakh. This setup is said to liberate more room in… Continue reading Hyundai Grand i10 Nios CNG dual cylinder priced at Rs 7.75 lakh
Valmet has completed the acquisition of Demuth, a provider of wood handling technology and services in South America
Valmet Oyj press release, August 2, 2024, at 9:00 a.m. EEST ESPOO, Finland, Aug. 2, 2024 /PRNewswire/ — Valmet has completed the acquisition of Demuth following the agreement that was announced on December 22, 2023. Demuth is a Brazilian company specializing in wood handling solutions for the pulp industry. The value of the acquisition will not… Continue reading Valmet has completed the acquisition of Demuth, a provider of wood handling technology and services in South America
WesternU selects Dr. John Tegzes as College of Veterinary Medicine Dean
POMONA, Calif., Aug. 1, 2024 /PRNewswire/ — Western University of Health Sciences has selected John Tegzes, MA, VMD, Dipl. ABVT, as Dean of the College of Veterinary Medicine, effective July 15, 2024. Dr. Tegzes is highly accomplished with an extensive career that spans over three decades and encompasses clinical practice, academia, research, and leadership roles. Continue… Continue reading WesternU selects Dr. John Tegzes as College of Veterinary Medicine Dean
Valmet closes the agreement to acquire majority shares in FactoryPal, a subsidiary of Körber
Valmet Oyj press release, August 1, 2024, at 2:45 p.m. EEST ESPOO, Finland, Aug. 1, 2024 /PRNewswire/ — Valmet and Körber have on August 1, 2024, closed the earlier announced agreement to further strengthen the digital solution FactoryPal. FactoryPal is a unique software developed to improve shopfloor manufacturing performance and productivity. After the closing of… Continue reading Valmet closes the agreement to acquire majority shares in FactoryPal, a subsidiary of Körber
@Tata-JLR: JLR DELIVERS BEST Q1 REVENUE ON RECORD
About JLR JLR’s Reimagine strategy is delivering a sustainability‑rich vision of modern luxury by design. We are transforming our business to become carbon net zero across our supply chain, products, and operations by 2039. We have set a roadmap to reduce emissions across our own operations and value chains by 2030 through approved, science‑based targets.… Continue reading @Tata-JLR: JLR DELIVERS BEST Q1 REVENUE ON RECORD