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- Nissan Motor on Nissan Posts ¥77.9B Profit in Q1 of Japanese Fiscal Year
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- Magna International on Magna International Posts Q1 2026 EPS Loss of $0.04
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Tag Archives: auto suppliers
Johnson Controls to Build $100 Million Battery Plant in China
Johnson said it plans to produce an annual capacity of 2.4 million batteries by 2015 for local and global automakers. The U.S. based company, which fired about half of its U.S. automotive plant workers during the Great Recession to cut costs, said it is considering several potential locations for the new plant and expects to make a final decision in the coming months. Continue reading
Magna Board Says Bye-Bye Belinda Stronach. Unexpected Result of Deal that Ceded Control of the Auto Parts Giant
Magna International Inc. (TSX: MG; NYSE: MGA) announced late yesterday that Belinda Stronach, daughter of Magna founder Frank Stronach, will be “resigning” from her role as Executive Vice-Chair and member of the Board of Directors, effective 31 December 2010. “The … Continue reading
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Tagged auto informed, auto suppliers, autoinformed, autoinformed.com, belinda stronach, Ken Zino, magna, magna board of directors, people, stronach, zino
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Grede Buys Two Mexican Foundries to Boost Casting Capacity
Capacity or lack thereof at auto suppliers who drastically downsized by closing facilities and jettisoning workers in 2008 and 2009 as the Great Recession took hold, is an emerging problem as auto and truck makers slowly recover and increase production. Continue reading →