By Nathan Gomes (Reuters) – Canadian auto parts supplier Magna International raised its 2023 profit forecast on Friday, but flagged an impact from the United Auto Workers (UAW) union strike in North America. Magna’s U.S.-listed shares jumped about 14% in morning trade, after the company also beat third-quarter expectations. Suppliers had benefited from an uptick… Continue reading Magna raises 2023 profit forecast, flags impact from UAW strikes
Tag: Magna
Magna Announces Third Quarter 2023 Results
Magna International Inc. Swamy Kotagiri, Magna’s Chief Executive Officer “We continue to execute across all segments of our business through a combination of launching new programs, working to offset inflationary pressures, reducing expenses, and optimizing our cost structure. Our raised Outlook reflects our relentless focus on delivering short- and long-term margin expansion and increased returns… Continue reading Magna Announces Third Quarter 2023 Results
Metal Stamping Market Size to Grow USD 188760 Million by 2029 at a CAGR of 3% | Valuates Reports
BANGALORE, India, Oct. 31, 2023 /PRNewswire/ — Metal Stamping Market is Segmented by Type (Blanking Process, Embossing Process, Bending Process, Coining Process, Flanging Process), by Application (Automotive, Industrial Machinery, Consumer Electronics): Global Opportunity Analysis and Industry Forecast, 2023-2029. It is Published in Valuates Reports Under the Category of Metals & Mining. The global Metal Stamping Market… Continue reading Metal Stamping Market Size to Grow USD 188760 Million by 2029 at a CAGR of 3% | Valuates Reports
Magna Announces Third Quarter 2023 Results
Sales increased 15% to $10.7 billion, compared to a global light vehicle production increase of 4% Diluted earnings per share were $1.37 Adjusted diluted earnings per share increased 33% to $1.46 Raised Outlook for Adjusted EBIT Margin and Adjusted Net Income attributable to Magna, including UAW strike impact AURORA, Ontario, Nov. 03, 2023 (GLOBE NEWSWIRE)… Continue reading Magna Announces Third Quarter 2023 Results
Metal Stamping Market Size to Grow USD 188760 Million by 2029 at a CAGR of 3% | Valuates Reports
BANGALORE, India, Oct. 31, 2023 /PRNewswire/ — Metal Stamping Market is Segmented by Type (Blanking Process, Embossing Process, Bending Process, Coining Process, Flanging Process), by Application (Automotive, Industrial Machinery, Consumer Electronics): Global Opportunity Analysis and Industry Forecast, 2023-2029. It is Published in Valuates Reports Under the Category of Metals & Mining. The global Metal Stamping Market… Continue reading Metal Stamping Market Size to Grow USD 188760 Million by 2029 at a CAGR of 3% | Valuates Reports
Metal Stamping Market Size to Grow USD 188760 Million by 2029 at a CAGR of 3% | Valuates Reports
BANGALORE, India, Oct. 31, 2023 /PRNewswire/ — Metal Stamping Market is Segmented by Type (Blanking Process, Embossing Process, Bending Process, Coining Process, Flanging Process), by Application (Automotive, Industrial Machinery, Consumer Electronics): Global Opportunity Analysis and Industry Forecast, 2023-2029. It is Published in Valuates Reports Under the Category of Metals & Mining. The global Metal Stamping Market… Continue reading Metal Stamping Market Size to Grow USD 188760 Million by 2029 at a CAGR of 3% | Valuates Reports
Metal Stamping Market Size to Grow USD 188760 Million by 2029 at a CAGR of 3% | Valuates Reports
BANGALORE, India, Oct. 31, 2023 /PRNewswire/ — Metal Stamping Market is Segmented by Type (Blanking Process, Embossing Process, Bending Process, Coining Process, Flanging Process), by Application (Automotive, Industrial Machinery, Consumer Electronics): Global Opportunity Analysis and Industry Forecast, 2023-2029. It is Published in Valuates Reports Under the Category of Metals & Mining. The global Metal Stamping Market… Continue reading Metal Stamping Market Size to Grow USD 188760 Million by 2029 at a CAGR of 3% | Valuates Reports
Metal Stamping Market Size to Grow USD 188760 Million by 2029 at a CAGR of 3% | Valuates Reports
BANGALORE, India, Oct. 31, 2023 /PRNewswire/ — Metal Stamping Market is Segmented by Type (Blanking Process, Embossing Process, Bending Process, Coining Process, Flanging Process), by Application (Automotive, Industrial Machinery, Consumer Electronics): Global Opportunity Analysis and Industry Forecast, 2023-2029. It is Published in Valuates Reports Under the Category of Metals & Mining. The global Metal Stamping Market… Continue reading Metal Stamping Market Size to Grow USD 188760 Million by 2029 at a CAGR of 3% | Valuates Reports
Metal Stamping Market Size to Grow USD 188760 Million by 2029 at a CAGR of 3% | Valuates Reports
BANGALORE, India, Oct. 31, 2023 /PRNewswire/ — Metal Stamping Market is Segmented by Type (Blanking Process, Embossing Process, Bending Process, Coining Process, Flanging Process), by Application (Automotive, Industrial Machinery, Consumer Electronics): Global Opportunity Analysis and Industry Forecast, 2023-2029. It is Published in Valuates Reports Under the Category of Metals & Mining. The global Metal Stamping Market… Continue reading Metal Stamping Market Size to Grow USD 188760 Million by 2029 at a CAGR of 3% | Valuates Reports
UPDATE 2-Aptiv tops Q3 expectations, warns of $180 mln UAW strike impact
(Adds comparison with analyst estimates, background and details throughout) Nov 2 (Reuters) – Aptiv beat third-quarter estimates on Thursday, on sustained demand for auto parts and supplies, but it warned of a $180 million sales hit in 2023 from the United Auto Workers (UAW) union strike against the Detroit Three automakers. The auto parts supplier… Continue reading UPDATE 2-Aptiv tops Q3 expectations, warns of $180 mln UAW strike impact