Sales increased 17% to $11.0 billion, compared to global light vehicle production increase of 15% Diluted earnings per share were $1.18 Adjusted diluted earnings per share increased 81% to $1.50 Completed the acquisition of Veoneer Active Safety Raised 2023 outlook for Total Sales, Adjusted EBIT Margin and Adjusted Net Income attributable to Magna AURORA, Ontario,… Continue reading Magna Announces Second Quarter 2023 Results
Tag: Financial Results
Asset Management Market to Reach $8.3 Trillion, Globally, by 2032 at 36.5% CAGR: Allied Market Research
The global asset management market is driven by rise in need for optimum utilization of assets and rising adoption of cloud-based IT asset management solution. PORTLAND, Ore., Aug. 2, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Asset management HYPERLINK “https://www.alliedmarketresearch.com/asset-management-market-A06192” Market by component (Solution, and Service), Asset type (Digital asset, Returnable Transport Assets,… Continue reading Asset Management Market to Reach $8.3 Trillion, Globally, by 2032 at 36.5% CAGR: Allied Market Research
Change in Kamux’s Group Management Team
HAMEENLINNA, Finland, Aug. 2, 2023 /PRNewswire/ — Kerim Nielsen, Country Director for Sweden and member of the Group Management Team, has decided to pursue a career opportunity outside of Kamux Corporation in early 2024. He will continue in his current position at least until December 31, 2023. The recruitment process for his successor will be… Continue reading Change in Kamux’s Group Management Team
Magna Announces Second Quarter 2023 Results
Magna International Inc. Swamy Kotagiri, Magna’s Chief Executive Officer “I am pleased with our second quarter operating performance, which reflects continued strong execution on higher organic sales and cost reduction actions being taken across the company. We remain highly focused on executing our strategy and remain confident in our ability to meet our short- and… Continue reading Magna Announces Second Quarter 2023 Results
Linamar Announces Closing of Dura Battery Enclosures Business
GUELPH, ON, Aug. 3, 2023 /CNW/ – Linamar Corporation (TSX: LNR) today announced that it has completed its acquisition of 3 Dura-Shiloh’s Battery Enclosures facilities. The acquisition was previously announced on May 30th and had been subject to customary regulatory approval and other closing conditions. Those pre-closing hurdles have now all been finalized and the… Continue reading Linamar Announces Closing of Dura Battery Enclosures Business
Aptiv’s (APTV) Q2 Earnings Beat Estimates, Increase Y/Y
Aptiv PLC APTV reported better-than-expected second-quarter 2023 results. Adjusted earnings of $1.25 per share beat the Zacks Consensus Estimate by 21.4% and increased more than 100% year over year. Revenues of $5.2 billion surpassed the Zacks Consensus Estimate by 10.1% and increased 28.2% year over year. It also registered 28% growth in Europe, 19% in North… Continue reading Aptiv’s (APTV) Q2 Earnings Beat Estimates, Increase Y/Y
Is Aptiv PLC (APTV) a Modestly Undervalued Investment Opportunity?
With a daily gain of 4.5% and an Earnings Per Share (EPS) of 2.22, Aptiv PLC (NYSE:APTV) has caught the attention of many investors. This article explores whether this stock is modestly undervalued, using a comprehensive valuation analysis. Read on to uncover insights about Aptiv PLC’s potential value. Aptiv PLC: An Overview Aptiv PLC is… Continue reading Is Aptiv PLC (APTV) a Modestly Undervalued Investment Opportunity?
Q2 2023 Goodyear Tire & Rubber Co Earnings Call
Participants Christian Gadzinski; Senior Director of IR; The Goodyear Tire & Rubber Company Richard J. Kramer; CEO, President & Chairman; The Goodyear Tire & Rubber Company Emmanuel Rosner; Director & Research Analyst; Deutsche Bank AG, Research Division James Albert Picariello; Research Analyst; BNP Paribas Exane, Research Division John Michael Healy; MD & Equity Research Analyst;… Continue reading Q2 2023 Goodyear Tire & Rubber Co Earnings Call
Why Goodyear Tire Stock Fell Today
TipRanks Insiders Pour Millions Into These 2 Dividend Stocks — Here’s Why You Might Want to Ride Their Coattails Investors are constantly looking for ways to generate solid returns, after all, that is the whole point of investing. Achieving that goal is easier said than done, however. As with anything, if it were really simple,… Continue reading Why Goodyear Tire Stock Fell Today
M&M’s present order backlog stands at more than 2.8 lakh SUVs
Mahindra has announced today that it currently has over 2.81 lakh open orders for its SUV line-up. The brand has confirmed that it has delivered over 1 lakh SUVs this quarter and is operating at almost full capacity. Over 48,000 Mahindra SUVs being booked in a month Rajesh Jejurikar, ED and CEO of Auto and Farm… Continue reading M&M’s present order backlog stands at more than 2.8 lakh SUVs