Sales increased 3% to $11.0 billion, compared to a 2% rise in global light vehicle production Diluted earnings per share and Adjusted diluted earnings per share were $0.03 and $1.08, respectively Recorded asset impairments and restructuring totaling $316 million related to Fisker Paid dividends of $134 million Maintaining 2024 Adjusted EBIT Margin Outlook range of… Continue reading Magna Announces First Quarter 2024 Results
Tag: Contract Manufacturer
FLORIDA SOUTHERN COLLEGE TO HOST COMMENCEMENT FOR LARGEST GRADUATING CLASS IN THE HISTORY OF THE INSTITUTION
LAKELAND, Fla., May 3, 2024 /PRNewswire/ — Florida Southern College will host its Spring 2024 Commencement exercise starting at 1:30 p.m. on Saturday, May 4, 2023, at the RP Funding Center in Lakeland. Doors will open at 11:30 a.m.. This is the 140th Commencement exercise for the College and welcomes the largest graduating class in the history of… Continue reading FLORIDA SOUTHERN COLLEGE TO HOST COMMENCEMENT FOR LARGEST GRADUATING CLASS IN THE HISTORY OF THE INSTITUTION
Magna Announces First Quarter 2024 Results
Sales increased 3% to $11.0 billion, compared to a 2% rise in global light vehicle production Diluted earnings per share and Adjusted diluted earnings per share were $0.03 and $1.08, respectively Recorded asset impairments and restructuring totaling $316 million related to Fisker Paid dividends of $134 million Maintaining 2024 Adjusted EBIT Margin Outlook range of… Continue reading Magna Announces First Quarter 2024 Results
Magna International Cuts Full-Year Sales Guidance as First-Quarter Results Miss Views
Carvana Father-Son Duo Make $11 Billion in 3,000% Stock Rebound (Bloomberg) — The father-son duo behind Carvana Co. have seen their fortunes rebound as shares of the Phoenix-based online used-car dealer have surged more than 3,000% from historic lows.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt… Continue reading Magna International Cuts Full-Year Sales Guidance as First-Quarter Results Miss Views
UPDATE 1-Magna lags profit estimates, cuts annual sales forecast on supply chain snags
(Adds details from conference call, shares) By Nathan Gomes May 3 (Reuters) – Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. The company’s shares were down about 4% in early trade. Auto parts… Continue reading UPDATE 1-Magna lags profit estimates, cuts annual sales forecast on supply chain snags
Magna lags profit estimates, cuts annual sales forecast on supply chain snags
By Nathan Gomes (Reuters) -Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. The company’s shares were down about 4% in early trade. Auto parts suppliers have been struggling with lower-than-expected demand for their… Continue reading Magna lags profit estimates, cuts annual sales forecast on supply chain snags
The Tel Aviv Stock Exchange (TASE) Schedules First Quarter 2024 Results Release and Conference Call for Wednesday, May 22, 2024
TEL AVIV, Israel, May 3, 2024 /PRNewswire/ — The Tel Aviv Stock Exchange Ltd (TASE: TASE) is pleased to announce that its financial statements for the period ended March 31, 2024 will be published on Wednesday, May 22, 2024, after market close. The financial statements and the presentation will be posted on TASE’s MAYA website as well… Continue reading The Tel Aviv Stock Exchange (TASE) Schedules First Quarter 2024 Results Release and Conference Call for Wednesday, May 22, 2024
@Fisker: Fisker Adds Six New Locations: Three New Dealer Partner Locations in California, and New Locations in Missouri, Pennsylvania, and Guam000224
LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, today announced that the company has added six new locations, having signed three new dealer partner locations in California, and three more locations in the US and US territories. In California, Lumin Fisker in Sacramento and… Continue reading @Fisker: Fisker Adds Six New Locations: Three New Dealer Partner Locations in California, and New Locations in Missouri, Pennsylvania, and Guam000224
Gotham City icon Bruce Wayne inspires other-worldly HYPERCARS from Automobili Pininfarina
Gotham City icon Bruce Wayne inspires other-worldly HYPERCARS from Automobili Pininfarina Automobili Pininfarina creates a collection of bespoke vehicles inspired by DC’s Bruce Wayne, the billionaire alter ego and civilian persona of DC Super Hero Batman Ultra-exclusive vehicles developed for Wayne Enterprises, a luxury brand developed by Warner Bros. Discovery Global Consumer Products, and available to… Continue reading Gotham City icon Bruce Wayne inspires other-worldly HYPERCARS from Automobili Pininfarina
Valmet to deliver a fiberline upgrade to the Lecta Zaragoza mill in Spain
Valmet Oyj press release, May 2, 2024, at 9:30 a.m. EEST ESPOO, Finland, May 2, 2024 /PRNewswire/ — Valmet is to deliver a comprehensive fiberline technology upgrade to Lecta’s combined pulp and paper mill in Zaragoza, Spain. The upgrade enables a significant capacity increase in pulp production, while reducing operational costs and improving the availability of… Continue reading Valmet to deliver a fiberline upgrade to the Lecta Zaragoza mill in Spain