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Magna, in unusual step, lowers 2026 outlook on EV uncertainty, contract assembly woes

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Magna expects sales of $44 billion to $46.5 billion in 2026, down about 10 percent from guidance it gave in February.  (REUTERS)
JI
By:
John Irwin
August 02, 2024 03:25 PM

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Stellantis
New Stellantis CEO Antonio Filosa faces series of hurdles

Filosa’s ability to honestly assess where Stellantis has erred in recent years could prove vital as he works to repair relationships with dealers, suppliers and employees.

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By:
Vince Bond Jr.
New Stellantis CEO Antonio Filosa faces series of hurdles
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Trump to double steel tariffs to 50% to aid Nippon-U.S. Steel deal
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By:
Bloomberg News
Trump to double steel tariffs to 50% to aid Nippon-U.S. Steel deal
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Automakers warn shortage of rare-earth magnets from China threatens U.S. light-vehicle output
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By:
Reuters News
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Finance Insurance
FTC seeks to drop one count against Asbury after Trump executive order on disparate impact
JH
By:
John Huetter
FTC seeks to drop one count against Asbury after Trump executive order on disparate impact

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