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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...