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Nidec challenges Bosch, Continental, Siemens for e-motor lead in Europe

Nidec challenges Bosch, Continental, Siemens for e-motor lead in Europe
autonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autonews.com Daily Mail and Mail on Sunday newspapers.

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Nidec to buy back shares as outlook improves and profit, sales top estimates

Nidec to buy back shares as outlook improves and profit, sales top estimates
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Jun Seki, president and chief operating officer of Nidec Corp., says the company has attracted 15 new inquiries about its EV motors. | BLOOMBERG
Bloomberg
Jan 26, 2021
Nidec Corp. has raised its annual outlook and said it will buy back shares after reporting quarterly profit and sales that topped analysts’ estimates, underscoring strong demand for motors by automakers and other companies seeing higher sales due to the pandemic. ....

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