Page 8 - Auto Components News Today

Globalfoundries: Shares of the Malta, New York-based company fell more than 6% in premarket trading. Recent earnings from semiconductor firms have signaled continuing weakness among industrial customers and beginning of a chip inventory build-up in the automotive industry.

Pirelli was the only company in its sector to obtain this significant recognition based on the analysis of the sustainability profiles of 9,400 companies by S&P Global

Magna International ( TSE:MG ) Full Year 2023 Results Key Financial Results Revenue: US$42.8b (up 13% from FY 2022...

Magna International: Auto parts suppliers have been hit by a slowdown in demand for EV parts, as automakers scale back investments and shift focus to higher-margin hybrid and gas-powered vehicles. The Aurora, Ontario-based company expects full-year profit in the range of USD 1.6 billion to USD 1.80 billion. Analysts on average were expecting a profit of USD 1.90 billion, according to LSEG data.

BorgWarner ( NYSE:BWA ) Full Year 2023 Results Key Financial Results Revenue: US$14.2b (down 10% from FY 2022). Net...

Foxconn Bid For Karnataka Plant: On February 6, Foxconn had said in a regulatory filing that the announcement about inviting bids was on behalf of its subsidiary Foxconn Hon Hai Technology India Mega Development Pvt Ltd for engaging others to build the plant.

Milan, 7 February 2023 - Pirelli has been again confirmed among the best companies in sustainability at the global level, achieving the qualification of “Top 1%” – the only one of the Auto Components sector at the global level – the highest level of recognition in the context of the Sustainability Yearbook 2024 published by S&P Global ba...

Exco Technologies ( TSE:XTC ) First Quarter 2024 Results Key Financial Results Revenue: CA$156.7m (up 13% from 1Q...

Key Insights Using the 2 Stage Free Cash Flow to Equity, Novem Group fair value estimate is €13.85 Novem Group is...

Modine Manufacturing ( NYSE:MOD ) Third Quarter 2024 Results Key Financial Results Revenue: US$561.4m (flat on 3Q...