Fourth Quarter 2018 HighlightsRecord fourth quarter sales of $10.1 billion up 5% from the fourth quarter of 2017Cash from operations of $1.6 billionReturned $585 million to shareholders through share repurchases and dividendsRaised quarterly cash dividend by 11% to $0.365 per shareFull Year 2018 HighlightsRecord sales of $40.8 billion, up 12% from 2017Record diluted earnings per… Continue reading Magna Announces Fourth Quarter and 2018 Results and Raises Quarterly Cash Dividend by 11%
Tag: Recalls
Daimler risks fine as German prosecutors launch new probe
BERLIN (Reuters) – German prosecutors have launched a probe into Daimler for allegedly failing to prevent diesel emissions cheating, possibly resulting in a fine for the carmaker, as its legal woes mount up over the affair. The Daimler is seen during a press conference on the second press day of the Paris auto show, in… Continue reading Daimler risks fine as German prosecutors launch new probe
Ford Exits Heavy Truck Business in South America; Key Milestone in Global Redesign of Company
Confirms exit from heavy commercial truck business as a key step toward returning its South America operations to sustainable profitability Ford remains committed to South America with a lean and agile business model, strengthened product offerings, and global partnerships Ford expects to record pre-tax special item charges of about $460 million as a result of… Continue reading Ford Exits Heavy Truck Business in South America; Key Milestone in Global Redesign of Company
Ford Motor Company Issues Safety Compliance Recall on Select 2019 Fusion Energi Vehicles
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions.… Continue reading Ford Motor Company Issues Safety Compliance Recall on Select 2019 Fusion Energi Vehicles
PEUGEOT launches a full line of 12 Cordless Power tools EnergyHub
For meticulous do-it-yourselfers, Peugeot Outillage offers it’s a complete range of tools : hammer drill, jack hammer, circular saw, jig saw, orbital sander, angle grinder, restorer and multi-function tool. This new collection has been designed by PEUGEOT Design Lab. These power tools build upon the family of cordless tools launched with the EnergyDrill drills. Peugeot… Continue reading PEUGEOT launches a full line of 12 Cordless Power tools EnergyHub
The Reason Tesla Spent $218 Million On Maxwell Technologies
WHY DID TESLA ACQUIRE MAXWELL TECHNOLOGIES? Tesla’s acquisition of battery supplier Maxwell Technologies went mostly unnoticed by the mainstream press, but it could have a tremendous influence on the future of the California carmaker, and of the entire auto industry. Check Out These Stories: *This article comes to us courtesy of EVANNEX (which also makes aftermarket Tesla… Continue reading The Reason Tesla Spent $218 Million On Maxwell Technologies
Lexus Top Brand, Toyota No. 2 in J.D. Power Vehicle Dependability Study
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Honda recalling 437K vehicles for fuel-pump issue
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ClipperCreek Launches New High-Power And Super Rugged Charger
5 H BY MARK KANE Designed specifically for heavy utilization fleets, public parking lots, and extreme weather locations ClipperCreek announced an interesting expansion of its EVSE lineup by two new “Ruggedized” charging stations – HCS-60R (48 A, 240 V, up to 11.5 kW) and HCS-80R (64 A, 240 V, up to 15.4 kW), which are… Continue reading ClipperCreek Launches New High-Power And Super Rugged Charger
Ford Motor Company Issues Three Recalls in North America
DEARBORN, Mich., Feb. 13, 2019 – Ford Motor Company is issuing two safety recalls and a safety compliance recall in North America. Details are as follows: Safety recall for select 2011-13 Ford F-150 vehicles with 6-speed automatic transmission shift issues Ford is issuing a safety recall on select 2011-13 Ford F-150 vehicles with 6-speed automatic… Continue reading Ford Motor Company Issues Three Recalls in North America