Magna International Inc. AURORA, Ontario, Jan. 24, 2023 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has updated its 2022 outlook to reflect an expected Adjusted EBIT Margin1 below the range disclosed in its press release dated November 4, 2022. Based on preliminary unaudited results, total sales for 2022… Continue reading Magna Updates 2022 Outlook to Reflect Preliminary Full Year 2022 Results
Tag: Recalls
Magna Updates 2022 Outlook to Reflect Preliminary Full Year 2022 Results
AURORA, Ontario, Jan. 24, 2023 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has updated its 2022 outlook to reflect an expected Adjusted EBIT Margin1 below the range disclosed in its press release dated November 4, 2022. Based on preliminary unaudited results, total sales for 2022 were approximately $37.8… Continue reading Magna Updates 2022 Outlook to Reflect Preliminary Full Year 2022 Results
AI as a driver of sustainability and economics for swappable battery players
The transition to electric mobility, particularly in the two- and three-wheeler segments, is gaining traction in India. However, charging these electric vehicles at home or work remains risky and difficult, if not impossible, due to a lack of dedicated parking or charging time. Furthermore, many owners live in multi-storey buildings with no dedicated parking. As… Continue reading AI as a driver of sustainability and economics for swappable battery players
AI as a driver of sustainability and economics for swappable battery players
The transition to electric mobility, particularly in the two- and three-wheeler segments, is gaining traction in India. However, charging these electric vehicles at home or work remains risky and difficult, if not impossible, due to a lack of dedicated parking or charging time. Furthermore, many owners live in multi-storey buildings with no dedicated parking. As… Continue reading AI as a driver of sustainability and economics for swappable battery players
Maruti Suzuki recalls 11,177 Grand Vitaras to check rear seatbelt mounting brackets
Maruti Suzuki recalls 11,177 Grand Vitaras to check rear seatbelt mounting brackets Maruti Suzuki India has announced a recall of 11,177 Grand Vitara SUVs manufactured between August 8 and November 15, 2022. In a statement, the carmaker said “it is suspected that there is a possible defect in the rear seatbelt mounting brackets (‘parts’) which,… Continue reading Maruti Suzuki recalls 11,177 Grand Vitaras to check rear seatbelt mounting brackets
Organised sector to account for 35% share of India’s pre-owned car market by 2027
Organised sector to account for 35% share of India’s pre-owned car market by 2027 Even as the Indian passenger vehicle market clocked record sales of 3.8 million units in CY2022, there is still plenty of headroom for growth. For a country with a population of over 1.35 billion, India averages only around 22 cars per… Continue reading Organised sector to account for 35% share of India’s pre-owned car market by 2027
US ends probe into Ford SUV exhaust issues without a recall
Detroit – The U.S. government’s road safety agency has closed a more than six-year investigation into exhaust odors in Ford Explorer passenger cabins, determining that the SUVs don’t have high levels of carbon monoxide and don’t need to be recalled. The National Highway Traffic Safety Administration says it reviewed more than 6,500 consumer complaints, tested… Continue reading US ends probe into Ford SUV exhaust issues without a recall
Zeekr goes on a hiring spree, Tesla kicks off a price war and Hesai files for an IPO
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe for free. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point… Continue reading Zeekr goes on a hiring spree, Tesla kicks off a price war and Hesai files for an IPO
Car Collection of Drake is Amazing! – Car Blog India
According to financial estimates, Canadian musician, rapper, record producer and entrepreneur Aubrey “Drake” Graham has an annual net worth of $150 million. He has been on the list of Hip Hop Cash Kings year after year in the past decade and has more number 1 hits than Michael Jackson. He might not be as rich… Continue reading Car Collection of Drake is Amazing! – Car Blog India
Citroen eC3 bookings open ahead of launch
Citroen has opened bookings for the recently revealed eC3 for a token amount of Rs 25,000. Interested buyers can book the EV from Citroen dealerships or through the brand’s official website. The eC3 is an electric version of the C3 high-riding hatchback and comes in two variants – Live and Feel. It will be available in showrooms from February. Powertrain, range… Continue reading Citroen eC3 bookings open ahead of launch