All Posts Tagged With: "MGA"
(MGA) Magna International to Open Solar System Plant
Magna International Inc. (MGA) revealed that its body and chassis systems operating unit, Cosma International, would open a solar component manufacturing facility in Phoenix, Arizona that will strengthen its position in the renewable energy market. The 166,000-square-foot facility,...
15Dec2011 | vitalstocks | 0 comments | Continued(GM) Auto Industry Stock Outlook and Review – December 2011 – Industry Outlook
The auto industry is highly concentrated. About 10 global automakers account for over 77% of the production worldwide and 13 automakers account for more than 90% of total vehicles sold in the U.S. In the first 10 months of 2011, General Motors Company (GM) led with a 19.8% market...
2Dec2011 | vitalstocks | 0 comments | Continued(GM) Auto Industry Stock Outlook – August 2011 – Industry Outlook
The auto industry is highly concentrated. About 10 global automakers account for over 77% of the production worldwide and 13 automakers account for more than 90% of total vehicles sold in the U.S. In the first 7 months of 2011, General Motors Company (GM) led with a 20% market...
26Aug2011 | vitalstocks | 0 comments | Continued(DAN) Meritor Gets New General Managers
Meritor Inc. (MTOR) recently appointed Matthew Stevenson as the General Manager of North American Field Operations & Marketing and John Nelligan as the General Manager of OEM Sales & National Accounts. Both Stevenson and Nelligan will be directly reporting to Joe Plomin,...
14Jun2011 | vitalstocks | 0 comments | Continued(GM) Auto Industry Outlook and Review – May 2011 – Industry Outlook
The auto industry is highly concentrated, with the top 10 global automakers accounting for over 77% of production worldwide. In the first four months of 2011, General Motors Company (GM) led with a 19.6% market share in the U.S., followed by Ford Motor Co. (F) with a 16.2% market...
24May2011 | vitalstocks | 0 comments | Continued(TRW) TRW Automotive Holdings Announces New Vacuum Sensor
TRW Automotive Holdings Corp. (TRW) announced the launch of a new vacuum sensor that will measure and report the level of vacuum in the brake booster. Brake boosters and master cylinders are integral parts of brake actuation systems produced by TRW. These brake actuation systems...
19Apr2011 | vitalstocks | 0 comments | Continued(TRW) TRW Automotive Holdings Gears Up with New Brake
TRW Automotive Holdings Corp. (TRW) introduced its upgraded Electric Park Brake (EPB) system for front axles of a wide range of vehicles. The new development will enable users to enjoy a wide range of safety benefits and improve performance of the braking system in case of acute...
10Apr2011 | vitalstocks | 0 comments | Continued(F) Auto Industry Outlook and Review – March 2011 – Industry Outlook
The auto industry is a highly concentrated one, with roughly 10 global automakers accounting for over 77% of total production worldwide. In 2010, General Motors Company (GM) led with a 19.1% market share in the U.S., followed by Ford Motor Co. (F) with a 16.7% market share, Toyota...
11Mar2011 | vitalstocks | 0 comments | Continued(F) Auto Industry Outlook and Review – November 2010 – Industry Outlook
The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. In the first nine months of 2010, General Motors (MTLQQ) led with a 19% market share in the U.S., followed by Ford Motor Co. (F) with a 16.7% market share,...
5Nov2010 | vitalstocks | 0 comments | Continued(MGA) Magna International – Big Jump in Estimates – Awesome Balance Sheet
Magna International, Inc. (MGA) recently hit a new multi-year high on an awesome 83% Q2 earnings surprise. With rising estimates and a bullish growth projection, this Zacks #1 rank stock offers some solid upward momentum. Company Description Magna International Inc. is an automotive...
23Sep2010 | vitalstocks | 0 comments | Continued(MGA) Magna International – Bull of the Day
Magna International (MGA) enjoys a strong competitive position in the automotive industry by virtue of its complete range of interior and exterior auto systems. The company is strengthening its positions in the emerging markets of Asia, Eastern Europe and Russia. It is also poised...
24Aug2010 | vitalstocks | 0 comments | Continued(F) Auto Industry Outlook and Review – July 2010 – Industry Outlook
The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. In the first quarter of 2010, General Motors (MTLQQ) led with a 19.2% market share in the U.S., followed by Ford Motor Co. (F) with a 17.3% market share,...
13Jul2010 | vitalstocks | 0 comments | Continued(TM) Auto Industry Outlook and Review – April 2010 – Industry Outlook
The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. Among them, Toyota Motors (TM) leads with a 13.3% market share, while its domestic rivals Incorporatedluding Nissan Motor and its alliance with Renault...
8Apr2010 | vitalstocks | 0 comments | Continued(F) Ford Motor Company Receives Grants
The U.K. government announced that it will provide £360 million ($550 million) in loan guarantees from its Automotive Assistance Program to Ford Motor Co. (F) to support its research and development for commercial vehicles and low carbon emission diesel and petrol engines. The...
19Mar2010 | vitalstocks | 0 comments | Continued(TM) Auto Industry Outlook for 2010 – Industry Outlook
The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. Among them, Toyota Motors (TM) leads with a 13.3% market share, while its domestic rivals including Nissan (NSANY) and its alliance with Renault account...
30Dec2009 | vitalstocks | 0 comments | Continued(TM) Auto Industry Outlook – Dec. 09 – Industry Outlook
The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. Among them, Toyota Motors (TM) leads with a 13.3% market share, while its domestic rivals including Nissan (NSANY) and its alliance with Renault account...
29Dec2009 | vitalstocks | 0 comments | Continued(MGA) General Motors to Compensate for Opel?
The Russian bank, Sberbank, has asked for voluntary compensation from General Motors (GM) for the scrapped deal to sell 55% of the latter’s stake in Opel to the former. The bank has threatened to sue the automaker otherwise. Last month, GM halted its plan to sell a 55% stake...
28Dec2009 | vitalstocks | 0 comments | Continued(MRH) Montpelier Re Holdings Ltd Forms Lloyd’s MGA
Montpelier Re Holdings Ltd. (MRH) has fortified its Lloyd’s operations. Last week, the company announced the formation of its new U.K. Managing General Agent (MGA). Montpelier Group’s wholly owned subsidiary, Paladin Underwriting Agency Limited, has received the authorization...
15Dec2009 | vitalstocks | 0 comments | Continued(MGA) General Motors to Cut Jobs in Opel Unit
General Motors (hereafter, GM) announced that it will downsize 354 employees at its Opel/Vauxhall plant in Luton, England, as a part of its European restructuring actions. The plant manufactures vans for Opel, Vauxhall, Nissan and Renault. GM has revealed the restructuring actions...
3Dec2009 | vitalstocks | 0 comments | Continued(F) General Motors Dethrones CEO Henderson
General Motors’ (MTLQQ) Board of Directors has ousted Chief Executive Officer (CEO) Fritz Henderson from his position, blaming the slower-than-expected recovery of the company. For the time being, General Motors (hereafter, GM) Board’s Chairman Ed Whitacre Jr. – the former...
3Dec2009 | vitalstocks | 0 comments | Continued(MGA) Magna International Bags General Motors Contract
Magna International (MGA) has reported that it has won a contract to make the new generation of frames for General Motors’ full-size light-duty pickups and sport utility vehicles despite their disputed relationship over the Opel deal. According to Magna, the new third generation...
25Nov2009 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group to Invest in Chinese Carmaker
An investment arm of Goldman Sachs Group Inc. (GS) is poised to invest about $250 million in Geely Automotive – China’s largest privately-owned carmaker – by purchasing the company’s convertible bonds and warrants. Geely Automotive is the Hong Kong-listed...
23Sep2009 | vitalstocks | 0 comments | Continued(MGA) Magna International Gets Chinese Offer for Opel
Magna International (MGA) has been approached by China ’s Geely Automobile Holdings for a partnership deal in the former’s newly acquired Opel unit. Last week, Magna and Russia ’s Sberbank acquired the Opel unit from General Motors. The deal allowed both the buyers to hold...
17Sep2009 | vitalstocks | 0 comments | Continued(MGA) Magna International to Restore Opel’s Profitability
Magna International (MGA) has revealed that it will downsize 10,500 jobs in its newly acquired Opel/Vauxhall business in Europe. The announcement brings no surprise as the company had previously stated to retrench a fifth of the Opel workforce to make the unit financially viable. Last...
15Sep2009 | vitalstocks | 0 comments | Continued(MGA) General Motors Rethinking Opel Plans
General Motors is reconsidering its bailout plans for Opel/Vauxhall business in Europe. The company blew past an August 21 deadline to find a preferred bidder for a controlling stake in the business. Opel deal had been a bipartite race between two suitors, Canada-based auto parts...
27Aug2009 | vitalstocks | 0 comments | Continued(JCI) Johnson Does Debt-Equity Swap
Auto-parts maker Johnson Controls Inc. (JCI) is exchanging its 6.5% convertible senior notes due 2012 and its equity units in the form of corporate units to reduce the amount of its outstanding debt and related ongoing interest expense. As of Jun 30, 2009, Johnson Control had...
21Aug2009 | vitalstocks | 0 comments | Continued(MGA) Opel to Choose Suitor
General Motors will choose a preferred bidder for a controlling stake in its European Opel/Vauxhall business today. The deal has become a race between two suitors, Canada-based auto parts supplier Magna International (MGA) and Brussels-based industrial investment group RHJ International. GM...
21Aug2009 | vitalstocks | 0 comments | Continued(GM) Automotive Industry – Industry Outlook
AUTOS: CHANGES TO COME The auto industry is on the verge of significant changes. CHRYSLER Chrysler filed for bankruptcy as debt holders rejected an offer to take a 15% stake in the restructured company. The Treasury reached a deal earlier this week with four banks that hold the...
1May2009 | vitalstocks | 0 comments | Continued