Sales increased 17% to $11.0 billion, compared to global light vehicle production increase of 15% Diluted earnings per share were $1.18 Adjusted diluted earnings per share increased 81% to $1.50 Completed the acquisition of Veoneer Active Safety Raised 2023 outlook for Total Sales, Adjusted EBIT Margin and Adjusted Net Income attributable to Magna AURORA, Ontario,… Continue reading Magna Announces Second Quarter 2023 Results
Tag: Magna
Is a Surprise Coming for Magna (MGA) This Earnings Season?
Investors are always looking for stocks that are poised to beat at earnings season and Magna International Inc. MGA may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because Magna is seeing favorable earnings estimate revision activity as of… Continue reading Is a Surprise Coming for Magna (MGA) This Earnings Season?
Global Artificial Intelligence in Transportation Research Report 2023-2032: The Future of Transportation – AI Revolutionizing Semi-Autonomous and Autonomous Vehicles
DUBLIN, Aug. 2, 2023 /PRNewswire/ — The “Artificial Intelligence in Transportation Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering. The global artificial intelligence in transportation market has experienced remarkable growth, surging from $2.6 billion in 2022 to $3.1 billion in 2023, reflecting an impressive compound annual growth rate (CAGR) of 19.4%. The market… Continue reading Global Artificial Intelligence in Transportation Research Report 2023-2032: The Future of Transportation – AI Revolutionizing Semi-Autonomous and Autonomous Vehicles
Commercial Vehicle Demand and EV Adoption Accelerate the Global Automotive Axles Market to 2027
DUBLIN, Aug. 1, 2023 /PRNewswire/ — The “Global Automotive Axles Market 2023-2027” report has been added to ResearchAndMarkets.com’s offering. The automotive axles market is poised for substantial growth, with a projected increase of USD 21,994.05 million during the forecast period of 2022-2027, demonstrating an accelerated CAGR of 5.81%. This forecast is detailed in a comprehensive report… Continue reading Commercial Vehicle Demand and EV Adoption Accelerate the Global Automotive Axles Market to 2027
Electric Powertrain Market worth $230.5 billion by 2030 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 31, 2023 /PRNewswire/ — Electric Powertrain Market is projected to reach USD 230.5 billion by 2030 from USD 96.7 billion in 2023, at a CAGR of 13.2% from 2023 to 2030, according to a new report by MarketsandMarkets™. The electric powertrain market is driven by growing demand for electric vehicles which in turn is influenced by… Continue reading Electric Powertrain Market worth $230.5 billion by 2030 – Exclusive Report by MarketsandMarkets™
Electric Powertrain Market worth $230.5 billion by 2030 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 31, 2023 /PRNewswire/ — Electric Powertrain Market is projected to reach USD 230.5 billion by 2030 from USD 96.7 billion in 2023, at a CAGR of 13.2% from 2023 to 2030, according to a new report by MarketsandMarkets™. The electric powertrain market is driven by growing demand for electric vehicles which in turn is influenced by… Continue reading Electric Powertrain Market worth $230.5 billion by 2030 – Exclusive Report by MarketsandMarkets™
Magna to Launch Industry-First Award With Modular eDecoupling Unit for BEVS
First-to-market bolt-on stand-alone solution for BEVs Launching on multiple vehicles of a German premium automaker New application contributes significantly to increasing electric driving range AURORA, Ontario, Aug. 01, 2023 (GLOBE NEWSWIRE) — Magna is dedicated to advancing its electric driveline systems and powertrain technologies by prioritizing efficiency, safety, dynamics, and convenience. Demonstrating its commitment to… Continue reading Magna to Launch Industry-First Award With Modular eDecoupling Unit for BEVS
Magna to Launch Industry-First Award With Modular eDecoupling Unit for BEVS
Magna International Inc. Magna eDecoupling Unit Magna’s new eDecoupling unit will be produced in Lannach, Austria. First-to-market bolt-on stand-alone solution for BEVs Launching on multiple vehicles of a German premium automaker New application contributes significantly to increasing electric driving range AURORA, Ontario, Aug. 01, 2023 (GLOBE NEWSWIRE) — Magna is dedicated to advancing its electric… Continue reading Magna to Launch Industry-First Award With Modular eDecoupling Unit for BEVS
Zacks Industry Outlook Highlights Magna International, Lear, Autoliv and Gentex
For Immediate Release Chicago, IL – August 1, 2023 – Today, Zacks Equity Research discusses Magna International MGA, Lear Corp. LEA, Autoliv, Inc. ALV and Gentex Corp. GNTX. Industry: Auto Equipment Link: https://www.zacks.com/commentary/2129858/4-picks-from-the-robust-auto-equipment-industry-to-fuel-your-gains The Zacks Automotive – Original Equipment industry is poised for growth due to pent-up vehicle demand and improved inventory levels. Adapting to… Continue reading Zacks Industry Outlook Highlights Magna International, Lear, Autoliv and Gentex
Zacks Industry Outlook Highlights Magna International, Lear, Autoliv and Gentex
For Immediate Release Chicago, IL – August 1, 2023 – Today, Zacks Equity Research discusses Magna International MGA, Lear Corp. LEA, Autoliv, Inc. ALV and Gentex Corp. GNTX. Industry: Auto Equipment Link: https://www.zacks.com/commentary/2129858/4-picks-from-the-robust-auto-equipment-industry-to-fuel-your-gains The Zacks Automotive – Original Equipment industry is poised for growth due to pent-up vehicle demand and improved inventory levels. Adapting to… Continue reading Zacks Industry Outlook Highlights Magna International, Lear, Autoliv and Gentex