Europa Wire: Meisheng Group Launches New ANDRITZ NeedlePunch Line for Synthetic Suede Production001056

Meisheng Group Launches New ANDRITZ NeedlePunch Line for Synthetic Suede Production (IN BRIEF) Meisheng Group has initiated operations of a new ANDRITZ needlepunch line at its facility in Shaoxing City, Zhejiang Province, enhancing its production capabilities to meet the rising demand for synthetic suede, especially in New Energy Vehicles (NEVs). This is the third installation… Continue reading Europa Wire: Meisheng Group Launches New ANDRITZ NeedlePunch Line for Synthetic Suede Production001056

Magna (MGA) Stock Down 4% Since Q1 Earnings & Sales Miss

Shares of Magna International MGA have declined 4.2% since the company reported first-quarter 2024 results.  The auto equipment provider reported adjusted earnings of $1.08 per share, which declined from the year-ago quarter’s $1.11 per share and also missed the Zacks Consensus Estimate of $1.28. The underperformance is attributed to lower-than-expected adjusted EBIT from Body Exteriors & Structures… Continue reading Magna (MGA) Stock Down 4% Since Q1 Earnings & Sales Miss

Magna (MGA) Stock Down 4% Since Q1 Earnings & Sales Miss

Shares of Magna International MGA have declined 4.2% since the company reported first-quarter 2024 results.  The auto equipment provider reported adjusted earnings of $1.08 per share, which declined from the year-ago quarter’s $1.11 per share and also missed the Zacks Consensus Estimate of $1.28. The underperformance is attributed to lower-than-expected adjusted EBIT from Body Exteriors & Structures… Continue reading Magna (MGA) Stock Down 4% Since Q1 Earnings & Sales Miss

Magna Announces 2024 Annual Meeting Results

AURORA, Ontario, May 09, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2024 annual meeting of shareholders held on May 9, 2024. A total of 230,328,916 Common Shares or 80.18% of our issued and outstanding Common Shares were represented in person or by proxy at the… Continue reading Magna Announces 2024 Annual Meeting Results

Magna Announces 2024 Annual Meeting Results

Magna International Inc. AURORA, Ontario, May 09, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2024 annual meeting of shareholders held on May 9, 2024. A total of 230,328,916 Common Shares or 80.18% of our issued and outstanding Common Shares were represented in person or by… Continue reading Magna Announces 2024 Annual Meeting Results

@Tata-JLR: JLR DELIVERS STRONG FINANCIAL RESULTS WITH RECORD REVENUES FOR THE YEAR ENDING 31 MARCH 2024

* ALL RANGE ROVER. ALL ELECTRIC. TESTED FOR LEADERSHIP. | Land Rover Media Newsroom**JLR TO GENERATE OVER A QUARTER OF ITS UK ELECTRICITY THROUGH OFF-GRID RENEWABLE ENERGY PLAN | JLR Media Newsroom (jaguarlandrover.com)  About JLR: JLR’s Reimagine strategy is delivering a sustainability-rich vision of modern luxury by design. We are transforming our business to become… Continue reading @Tata-JLR: JLR DELIVERS STRONG FINANCIAL RESULTS WITH RECORD REVENUES FOR THE YEAR ENDING 31 MARCH 2024

Magna Announces 2024 Annual Meeting Results

AURORA, Ontario, May 09, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2024 annual meeting of shareholders held on May 9, 2024. A total of 230,328,916 Common Shares or 80.18% of our issued and outstanding Common Shares were represented in person or by proxy at the… Continue reading Magna Announces 2024 Annual Meeting Results

El panorama productivo global es resultado de la competencia del mercado

-El panorama productivo global es resultado de la competencia del mercado y la división internacional del trabajo BEIJING, 9 de mayo de 2024 /PRNewswire/ — Un informe de People’s Daily: Desde la Revolución Industrial en el siglo XVIII, el desarrollo continuo de la productividad y la globalización económica han llevado al flujo acelerado de factores de… Continue reading El panorama productivo global es resultado de la competencia del mercado

Fisker files bankruptcy equivalent in Austria to gain ‘breathing room’ amid Ocean production halt

It has been a turbulent couple of months since Fisker Inc. posted its Q4 2023 financial report and relayed concerns it could continue business in EVs. Fisker’s Austrian arm has reportedly filed for reorganization and court protection from creditors – the equivalent to Chapter 11 Bankruptcy in the US. Today’s news is merely the latest… Continue reading Fisker files bankruptcy equivalent in Austria to gain ‘breathing room’ amid Ocean production halt

Innoviz Reports First-Quarter 2024 Results, Exceeds Revenue Guidance for Second Consecutive Quarter and Expands Key Partner and Customer Relationships

Q1 2024 revenues of $7.1 million exceed previous guidance range of $5 -$6 million; reiterates full year 2024 operational targets TEL AVIV, Israel, May 8, 2024 /PRNewswire/ — Innoviz Technologies Ltd. (Nasdaq: INVZ) (the “Company” or “Innoviz”), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today provided commercial and strategic… Continue reading Innoviz Reports First-Quarter 2024 Results, Exceeds Revenue Guidance for Second Consecutive Quarter and Expands Key Partner and Customer Relationships