-
Recent Posts
- China September 2024 Light Vehicle Sales Conflicting
- Ford Motor Recalls a Transit Recall for Wheel Lockup
- Toyota Motor, Joby Aviation Meet at Toyota’s Technical Center
- Asahi Kasei and Honda to Make Lithium-ion Battery Separators
- Subaru of America Posts Modest Sales Increase for October
- Oh Canada – Magna Q3 Sales Off but Net Earnings Up
- Honda Racing to Sell Parts to Honda and Acura Consumers
- IIHS – Latest 2024 Top Safety Pick Laggards
- For The Record – Corvette ZR1 Hits 233 MPH
- Software Defined Vehicles – NTT, Toyota Motor Link Together
- Valero Refining Company Fined $82 Million in California
- Stellantis Q3 2024 – Shipments and Revenues Plunge
- One Payment – VW Maintenance, Insurance, Road Calls
- Volvo Cars Joins Tesla Supercharger Network in North America
- Penske Automotive Group Q3 2024 Net Income Drops
Recent Comments
- Toyota on new discounts on U.S. Vehicles Sales Drop as Consumers Wait for Discounts
- Ford Recalls Transit Vans for Steering Loss | AutoInformed on Ford EVs and Quality Damage First Half Net Income and EPS
- Asahi Kasei and Honda to Make Lithium-ion Battery Separators | AutoInformed on Lightweighting Avant-Garde – GM, BMW, Asahi Kasei, Mazda, Sika Automotive
- Oh Canada – Magna Q3 Sales Off but Net Earnings Up | AutoInformed on Magna Results Reflect Turmoil in OE EV Programs
- For The Record – Corvette ZR1 Hits 233 MPH | AutoInformed on Retro-Vette? 2025 Chevy Corvette Split-Window ZR1 Coupe
Archives
Meta
Tag Archives: Swamy Kotagiri
Magna Results Reflect Turmoil in OE EV Programs
AutoInformed notes that Magna’s challenge as a global diversified supplier to automakers going forward is adopting to and making money from the delay, elimination or reduced volumes in larger automaker EV programs while retaining or increasing sales from the now extended life of vehicles with internal combustion engines and their potential freshening and updates with increased content that this likely entails. Continue reading
Magna Buys Veoneer Active Safety Business
“Our electronics team, now with more than 7200 employees, including 3500 in engineering, can better accelerate (sic) the development of premium features and functions at scale. Magna will also benefit from an expanded geographic footprint and customer reach in key automotive regions around the world with nine facilities and 30 engineering/sales locations dedicated to active safety,” Kotagiri said. Continue reading
Oh Canada – Magna Q3 Sales Off but Net Earnings Up
“We continue to mitigate industry headwinds including lower production volumes in each of our core regions. Our ongoing initiatives and results to date reinforce our conviction in our free cash flow outlook this year and beyond. As we continuously seek to optimize value creation, we are resuming share repurchases in the fourth quarter –ahead of our prior plan,” said Swamy Kotagiri, Magna’s Chief Executive Officer. Continue reading →