Sales increased 11% to $10.7 billion, compared to a global light vehicle production that rose 3% Diluted earnings per share and Adjusted diluted earnings per share were $0.73 and $1.11, respectively Paid dividends of $132 million Raised Adjusted EBIT Margin Outlook range to 4.7%-5.1% from 4.1%-5.1% AURORA, Ontario, May 05, 2023 (GLOBE NEWSWIRE) — Magna… Continue reading Magna Announces First Quarter 2023 Results
Tag: Recalls
By 2028, Automakers Will Save US$1.5 Billion Using Over-the-Air Updates to Fix Recalled Cars
The ability to remotely update faulty software in vehicles will be a key asset for automakers LONDON, May 3, 2023 /PRNewswire/ — By 2028, automakers in the United States will use Over-the-Air (OTA) update capabilities to save US$1.5 billion by remotely implementing fixes to product recalls. According to global technology intelligence firm ABI Research, performing… Continue reading By 2028, Automakers Will Save US$1.5 Billion Using Over-the-Air Updates to Fix Recalled Cars
By 2028, Automakers Will Save US$1.5 Billion Using Over-the-Air Updates to Fix Recalled Cars
The ability to remotely update faulty software in vehicles will be a key asset for automakers LONDON, May 3, 2023 /PRNewswire/ — By 2028, automakers in the United States will use Over-the-Air (OTA) update capabilities to save US$1.5 billion by remotely implementing fixes to product recalls. According to global technology intelligence firm ABI Research, performing… Continue reading By 2028, Automakers Will Save US$1.5 Billion Using Over-the-Air Updates to Fix Recalled Cars
By 2028, Automakers Will Save US$1.5 Billion Using Over-the-Air Updates to Fix Recalled Cars
The ability to remotely update faulty software in vehicles will be a key asset for automakers LONDON, May 3, 2023 /PRNewswire/ — By 2028, automakers in the United States will use Over-the-Air (OTA) update capabilities to save US$1.5 billion by remotely implementing fixes to product recalls. According to global technology intelligence firm ABI Research, performing… Continue reading By 2028, Automakers Will Save US$1.5 Billion Using Over-the-Air Updates to Fix Recalled Cars
By 2028, Automakers Will Save US$1.5 Billion Using Over-the-Air Updates to Fix Recalled Cars
The ability to remotely update faulty software in vehicles will be a key asset for automakers LONDON, May 3, 2023 /PRNewswire/ — By 2028, automakers in the United States will use Over-the-Air (OTA) update capabilities to save US$1.5 billion by remotely implementing fixes to product recalls. According to global technology intelligence firm ABI Research, performing… Continue reading By 2028, Automakers Will Save US$1.5 Billion Using Over-the-Air Updates to Fix Recalled Cars
BMW: Don’t drive older models with Takata air bag inflators
Detroit – BMW is warning the owners of about 90,000 older vehicles in the U.S. not to drive them due to an increasing threat that the air bags might explode in a crash. The warning covers vehicles from the 2000 through 2006 model years that previously had been recalled to replace faulty and dangerous air… Continue reading BMW: Don’t drive older models with Takata air bag inflators
Right to repair: Now get your car/bike repaired from local workshop without losing warranty
What remains to be seen, is if the manufacturers will see Right to Repair as an obstacle or an opportunity to increase goods production. How many times have you taken your car or two-wheeler to the authorised service centre and had to pay labour charges even for the smallest of repair or adjustment? We usually… Continue reading Right to repair: Now get your car/bike repaired from local workshop without losing warranty
Lordstown Motors may stop Endurance EV production ‘in the near future’
The startup’s survival may hinge on ironing things out with Foxconn or finding a new partner. EV startup Lordstown Motors is still in trouble after pausing production earlier this year. The Endurance electronic pickup truck maker said today that it expects to stop producing the vehicle “in the near future” if it can’t find a… Continue reading Lordstown Motors may stop Endurance EV production ‘in the near future’
By 2028, Automakers Will Save US$1.5 Billion Using Over-the-Air Updates to Fix Recalled Cars
The ability to remotely update faulty software in vehicles will be a key asset for automakers LONDON, May 3, 2023 /PRNewswire/ — By 2028, automakers in the United States will use Over-the-Air (OTA) update capabilities to save US$1.5 billion by remotely implementing fixes to product recalls. According to global technology intelligence firm ABI Research, performing… Continue reading By 2028, Automakers Will Save US$1.5 Billion Using Over-the-Air Updates to Fix Recalled Cars
Zurich North America expands its consumer warranty protection offering
Early success shows distributors, retailers, OEMs and administrators support protection solutions for homes, appliances, electronics and more. SCHAUMBURG, Ill., May 4, 2023 /PRNewswire/ — Zurich North America has expanded its consumer warranty offering for businesses interested in providing their customers with product protection for items they rely on every day, including homes, appliances and electronic… Continue reading Zurich North America expands its consumer warranty protection offering