At IAA Mobility 2023 last week, Magna announced the start of production of its innovative Gen5 front camera module system for a European OEM from late September 2023. The net-gen forward-facing camera system is manufactured at Magna facilities in Germany, Slovakia and China. The high-volume business award will support various platforms across regions and vehicle models over the… Continue reading Magna to begin production of next-gen front camera module for European carmaker
Tag: Magna
Are You a Value Investor? This 1 Stock Could Be the Perfect Pick
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike. While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.… Continue reading Are You a Value Investor? This 1 Stock Could Be the Perfect Pick
UPDATE 1-Canada’s Magna expects to double EV parts, powertrain sales this year
(Updates with details from investor call and background throughout; adds shares) By Nathan Gomes Sept 7 (Reuters) – Canada’s Magna International said on Thursday it expects to “roughly” double sales at its unit that manufactures electric powertrains and parts for electric vehicles this year, as automakers rush to roll out more affordable greener models. Demand… Continue reading UPDATE 1-Canada’s Magna expects to double EV parts, powertrain sales this year
Hyundai launches i20 facelift at Rs 6.99 lakh
Following a slew of teasers, Hyundai has now launched the i20 facelift in India with prices starting from Rs 6.99 lakh, going up to Rs 11.01 lakh (ex-showroom, India). The i20 facelift sports revised front and rear end design, a new colour scheme for the interior along with some new features and is now available only with the 1.2-litre naturally… Continue reading Hyundai launches i20 facelift at Rs 6.99 lakh
Global Automotive Surround View Systems Market Hits US$4.5 Billion in 2022, Enhancing Driver Safety and Parking Precision
DUBLIN, Sept. 7, 2023 /PRNewswire/ — The “Automotive Surround View Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report has been added to ResearchAndMarkets.com’s offering. The global automotive surround view systems market made significant strides in 2022, achieving a total value of US$ 4.5 Billion. The market is poised for substantial expansion,… Continue reading Global Automotive Surround View Systems Market Hits US$4.5 Billion in 2022, Enhancing Driver Safety and Parking Precision
Fisker to ramp up Ocean production in Q4, can it hit its already revised annual guidance?
Fisker Inc. has shared intentions to increase US deliveries of its flagship Ocean SUV while simultaneously ramping up overseas production to 300 units per day. While the scaling is encouraging news, can the American automaker still hit its 2023 production guidance after lowering its target once already? Fisker Inc. is a mere two months away… Continue reading Fisker to ramp up Ocean production in Q4, can it hit its already revised annual guidance?
@Fisker: Fisker Ocean to Ramp up Production to an Expected 300 Units Per Day in Q4 and Accelerate U.S. Deliveries in September: 3,123 Customer Vehicles Built000159
LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, today announced that the company is ramping up production capacity of the Fisker Ocean all-electric SUV in September, as well as expanding retail, delivery, and service operations across multiple markets in North America and… Continue reading @Fisker: Fisker Ocean to Ramp up Production to an Expected 300 Units Per Day in Q4 and Accelerate U.S. Deliveries in September: 3,123 Customer Vehicles Built000159
@Fisker: Fisker Ocean to Ramp up Production to an Expected 300 Units Per Day in Q4 and Accelerate U.S. Deliveries in September: 3,123 Customer Vehicles Built000159
LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, today announced that the company is ramping up production capacity of the Fisker Ocean all-electric SUV in September, as well as expanding retail, delivery, and service operations across multiple markets in North America and… Continue reading @Fisker: Fisker Ocean to Ramp up Production to an Expected 300 Units Per Day in Q4 and Accelerate U.S. Deliveries in September: 3,123 Customer Vehicles Built000159
Magna to Hold Virtual Investor Event, Updates 2025 Outlook
Company to present its unique market position and progress on its Go-Forward Strategy Well positioned for transforming industry and growth in addressable markets Updated 2025 outlook reflects active safety acquisition AURORA, Ontario, Sept. 07, 2023 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG, NYSE: MGA), a mobility technology company and global leader in the automotive… Continue reading Magna to Hold Virtual Investor Event, Updates 2025 Outlook
UPDATE 1-Fisker expects to ramp up Ocean EV production in fourth quarter
(Adds details on production in paragraphs 2-4) Sept 7 (Reuters) – Electric-vehicle startup Fisker said on Thursday it expects to increase the production of its Ocean sports utility vehicle to about 300 units a day in the fourth quarter from around 180 units. The company has a manufacturing tie-up with Canadian auto part supplier Magna… Continue reading UPDATE 1-Fisker expects to ramp up Ocean EV production in fourth quarter