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June 11, 2014
13:27 EDTMGA, FFord, Magna announce collaboration
Magna (MGA) and Ford (F) have unveiled a multi-material lightweight vehicle concept that uses advanced material solutions to achieve a nearly 25% weight reduction compared to the current production vehicle. The Magna-led R&D activity, in cooperation with Ford, is co-funded by the U.S. Department of Energy.
News For F;MGA From The Last 14 Days
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February 26, 2015
10:39 EDTFOrbital ATK selected by 10 automakers to investigate Takata airbags
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07:42 EDTMGAMagna remains on track for good growth in coming years, says Canaccord
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February 25, 2015
05:27 EDTMGAMagna sees FY15 North America light vehicle production of 17.4M
Sees FY15 Europe light vehicle production of 20.4M
05:26 EDTMGAMagna sees FY15 total sales $33.1B-$34.8B, consensus $36.22B
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05:25 EDTMGAMagna board increases quarterly dividend by 16% to 44c
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05:24 EDTMGAMagna board approves two-for-one stock split of outstanding common shares
Magna board has approved a two-for-one stock split of the company's outstanding Common Shares. The two-for-one stock split will be implemented by way of a stock dividend. Subject to regulatory approval, shareholders will receive one additional Common Share of the company for each Common Share held. The stock dividend will be payable on March 25, 2015, to shareholders of record at the close of business on March 11, 2015.
05:23 EDTMGAMagna reports Q4 EPS $2.44, consensus $2.25
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February 24, 2015
15:21 EDTMGANotable companies reporting before tomorrow's open
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11:36 EDTFFord to hold a conference call
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05:09 EDTFFord launches training program at Kansas City plant to support F-150 production
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February 23, 2015
07:14 EDTMGASamsung SDI to buy Magna's battery pack business, financial terms not disclosed
Samsung SDI Co. Ltd. has agreed to acquire the battery pack business of Magna International. Under the agreement, Samsung SDI will acquire the entire battery pack business from Magna Steyr, an Austria-based operating unit of Magna International, including all 264 employees, production and development sites and existing contracts of the business. Financial terms of the deal will not be disclosed. The transaction is expected to be completed during the first half of 2015, pending regulatory approvals.
February 18, 2015
06:38 EDTFCar sales rose in Europe last month, NY Times says
European car sales increased 6.7% in January, versus the same period a year earlier, data from the European Automobile Manufacturers’ Association indicates, according to The New York Times. January was the 17th straight month that European car sales have increased, but they remain well below the levels they reached before the financial crisis, the newspaper stated. Publicly traded companies in the space include Fiat Chrysler (FCAU), Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
February 17, 2015
11:00 EDTFFord hires John Casesa to lead global strategy
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06:05 EDTFFord recalls 17,875 Falcons and Territories in Australia
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