|Bid||59.71 x 1300|
|Ask||59.75 x 800|
|Day's Range||59.52 - 60.08|
|52 Week Range||45.37 - 67.47|
|PE Ratio (TTM)||9.59|
|Forward Dividend & Yield||1.32 (2.16%)|
|1y Target Est||73.29|
WABCO (WBC) signs a deal to offer power steering systems to Tata Motors. This is in sync with the company's commitment to expand and offer its technology portfolio to global customers.
Zacks.com featured highlights include: Magna International, MGM, Domtar, Hitachi and ArcelorMittal
In sync with its target to return 50% of full-year operating cash flow to shareholders, Cummins (CMI) announces a dividend hike of 5.6% to $1.14 per share.
With evolving automotive technologies and economic progress, the OEM industry witnesses a surge in demand for advanced and high-quality auto equipment.
Increased demand for used vehicles and aggressive store expansion in new and existing markets are driving CarMax's (KMX) revenue growth.
Tesla's (TSLA) deal to build a factory in Shanghai comes after 20% rise in prices of Model X and Model S in China by the company.
Tesla (NASDAQ:TSLA) has raised prices of Model X and Model S vehicles by 20% in China, per Reuters. In fact, this Palo Alto, CA-based electric vehicle (EV) manufacturer turned out to be the first automaker to increase prices in China — the largest automotive market in the world. In response to Trump’ move to levy tariffs on $34 billion worth of Chinese goods, China imposed retaliatory tariffs on U.S. car imports.
Volkswagen (VLKAY) announces EUR 1 billion investment for its planned model campaign. The investment is to tap the projected increase in vehicle demand in India, within next few years.
The acquisition of Lauren Manufacturing & Plastics to aid Cooper-Standard (CPS) to expand in markets served by its Industrial and Specialty Group.
(Reuters) - Canadian auto parts supplier Magna International Inc (MG.TO) said on Thursday it would buy Italian company Olsa SpA for 230 million euros ($267 million), to expand its automobile lighting business. ...
Canadian auto parts supplier Magna International Inc said on Thursday it would buy Italian company Olsa SpA for 230 million euros ($267 million), to expand its automobile lighting business. Turin-based Olsa supplies lighting products to car makers such as Volkswagen and BMW. "Lighting represents a growth area for Magna due to increasing levels of electronics integration and a desire for automakers to differentiate their vehicles through styling," John O'Hara, president of Magna Lighting, said.
Automakers will soon have a familiar name to source lighting products on a global scale: Magna International. Magna has signed a deal to acquire OLSA S.p.A., which will expand the company’s lighting capabilities to enable it to design, engineer and manufacture headlamps, tail lamps and other lighting products in every key region of the world. The transaction value on a cash- and debt-free basis is approximately €230 million. Pending regulatory approval and other standard closing conditions, the deal is expected to be finalized before the end of 2018.
Customers show a distinct shift in their preferences for trucks and SUVs. Automakers are reorienting their programs and strategies to respond to the situation.
Building up an investment case requires looking at a stock holistically. Today I’ve chosen to put the spotlight on Magna International Inc (TSX:MG) due to its excellent fundamentals in moreRead More...
With an aim to strengthen footprint in China, Magna (MGA) forms two joint ventures with BAIC's Beijing Electric Vehicle to manufacture EVs.
Growing trade and tariff talks between the United States and many other countries across the globe has raised the appeal for dividend growth stocks, which offer income and stability. Stocks that have a strong history of dividend growth belong to mature companies, which are less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. Additionally, these stocks have superior fundamentals that make dividend growth a quality and promising investment for the long term.
The ventures are expected to take over an existing manufacturing plant in Zhenjiang, Jiangsu, owned by the BAIC Group, the parent of Beijing Electric Vehicle Co. Magna and Beijing Electric said they will also make cars for other customers at the plant. Magna's announcement comes as China tries to engineer a dramatic shift away from conventional gasoline cars with subsidies and strict production quotas for electric and plug-in electric hybrid vehicles.