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Magna misses profit estimates, cuts annual sales forecast on supply chain issues

Canada s Magna International missed analysts estimates for first-quarter profit and cut its full-year overall sales forecast on Friday, as the auto parts supplier navigates headwinds from supply.

Baystreet ca - NYSE To Delist Electric Vehicle Maker Fisker

The New York Stock Exchange (NYSE) has suspended trading in shares of electric vehicle maker Fisker (FSR) and begun the process to delist the company’s stock. In a written statement, the NYSE said that Fisker’s stock “is no longer suitable for .

Baystreet ca - Fisker s Stock Drops 13% On Big Q3 Loss

Shares of Fisker (FSR) are down 13% after the electric vehicle start-up reported a worse-than-expected financial loss for this year’s third quarter and weak delivery numbers. Fisker and its manufacturing partner, Canada’s Magna International (MG), .

Canada s Magna, Unifor reach tentative labor deal

Canada s Magna International has reached a tentative agreement with Unifor, a company spokesperson said on Monday, the latest in a series of deals struck by North American labor unions following their.

Auto parts supplier Magna reaches tentative labour deal with Unifor

The tentative agreement is the latest in a series of deals struck by North American labour unions following their tough stance over wages and working conditions

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