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Auto parts producers warn of more supply issues to come in semiconductor shortage

Auto parts producers warn of more supply issues to come in semiconductor shortage
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Seetarama swamy kotagiriDan murrayLinda hasenfratzJim farleyPat deramoMary barraLinamar corpMagna international incMartinrea international incPatd eramoMurray chevroletChevy equinoxசீதாராமா சுவாமி கோட்டகிரிடான் முர்ரேஜிம் ஃபார்லீபேட் டெராமோ

Auto parts producers warn of more supply issues

Auto parts producers warn of more supply issues
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Seetarama swamy kotagiriDan murrayNathan denetteLinda hasenfratzJim farleyPat deramoMary barraLinamar corpMagna international incMartinrea international incGeneral motorsPatd eramoMurray chevroletChevy equinoxCanadian pressசீதாராமா சுவாமி கோட்டகிரி

Auto parts producers warn of more supply issues to come in semiconductor shortage

Canadian auto parts suppliers say the chip shortage that has created havoc in the industry and shortages at dealerships has been worse than expected and could continue to prove forecasts wrong.

Seetarama swamy kotagiriDan murrayLinda hasenfratzJim farleyPat deramoMary barraLinamar corpMagna international incMartinrea international incPatd eramoMurray chevroletChevy equinoxCanadian news liveTv newsReaking newsLocal news

Magna CEO Says Electric Cars Will Change How the Automotive Industry Thinks

Magna CEO Says Electric Cars Will Change How the Automotive Industry Thinks
autoevolution.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoevolution.com Daily Mail and Mail on Sunday newspapers.

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Magna reports Q1 profit more than doubles from year ago, sales up 18 per cent

Sales for the quarter totalled US$10.18 billion, up from $8.66 billion in the same quarter last year. Following a challenging 2020 with the negative impact of COVID, particularly in the first half, we are experiencing a recovery in global vehicle demand and corresponding increase in global auto production, Magna CEO Seetarama (Swamy) Kotagiri said. Overall, we continued our strong performance in (the first quarter), despite some of the strong challenges we faced. Magna said the increase in sales came as global light vehicle production rose 18 per cent driven by an 87 per cent increase in China. On an adjusted basis, Magna said it earned US$1.86 per diluted share, up from an adjusted profit of 86 cents per share last year.

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