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The Latest Breaking News from North America

Stellantis Pledges $2.8B To Retool Ontario Plants For EVs, Hybrids

Stellantis also said its Automotive Research and Development Centre will add 650 highly skilled engineering jobs and become North America's first battery lab.

InsideEVs

IPG Photonics Tops Q1 Aided By Robust Demand For EV Applications

IPG Photonics Corp (NASDAQ:IPGP) reported first-quarter FY22 revenue growth of 7% year-on-year to $369.98 million, beating the consensus of $334.79 million. Materials processing sales accounted for 92% of total revenue and increased 7% Y/Y with higher sales in welding, marking, 3D printing, and cleaning applications. Sales into Other applications increased 9% Y/Y, driven…

Benzinga

Lear Q1 Earnings Top Estimates; Cuts FY22 Outlook

Lear Corp (NYSE:LEA) reported a first-quarter FY22 sales decline of 3% year-on-year to $5.21 billion, beating the consensus of $5.04 billion. Global vehicle production decreased 4% Y/Y, with North America down 2%, Europe shedding 18%, and China climbing 8%. Net sales from North America rose 9.3% Y/Y, Europe and Africa fell 13.8%, Asia…

Benzinga

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Get ready for a total lunar eclipse, Chicago. Here's where you can view it

CHICAGO — The Chicago area and much of North America will experience a total lunar eclipse on May 15, according to the Adler Planetarium. Weather permitting, Chicagoans will be able to see the eclipse starting at 8:32 p.m.

Chicago Tribune

Rare fossil of ancient dog species discovered by paleontologists

SAN DIEGO -- Sometime around 14,000 years ago, the first humans crossed the Bering Strait to North America with canines, domesticated dogs they used for hunting, by their side.

Tribune News Service

Stellantis Investing $2.8 Billion In Canadian Plants For EV Future

Some of the money will go towards creating Stellantis' first battery lab in North America.

Motor1

Stellantis Ramps Up Canadian Operations To Support Electrification Plans

Stellantis NV (NYSE:STLA) plans to invest C$3.6 billion ($2.8 billion) in its Windsor and Brampton (Ontario) Assembly Plants and to expand its Automotive Research and Development Centre (ARDC). The move supports Stellantis' strategy to invest C$45 billion ($35 billion) through 2025 in electrification and software globally. The investment brings the company's total investment…

Benzinga

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What's Going On With Pason Systems Shares Today

Pason Systems Inc. (TSX:PSI) (OTC:PSYTF) price target has been raised to C$23 from C$22 by RBC Capital analyst Keith Mackey while maintaining the Outperform rating on the shares. The analyst mentioned that Pason reported strong 1Q22 results, highlighting growth in revenue per industry day and EBITDA margins. Mackey stated that global drilling activity remains strong,…

Benzinga

Land Rover Defender 30th Anniversary Edition Is A $76k Homage To 1993

Only 500 will be built for North America.

Motor1

Ceragon's Q1 Top-Line Misses Street View; Margins Shrink On Semiconductor Crisis, Shipping Costs; Slashes FY22 Guidance

Ceragon Networks Ltd (NASDAQ:CRNT) reported first-quarter FY22 revenue growth of 2.9% year-on-year to $70.3 million, missing the consensus of $71.2 million. Ceragon saw strong bookings in North America, India, Europe, and LATAM, with a trailing 12 months book-to-bill above 1. In North America, Ceragon acquired five new G customers, including DISH Network Corp (NASDAQ:DISH) and private…

Benzinga

Revival of LA Dodgers under Todd Boehly bodes well for Chelsea

The hedge fund billionaire helped rebuild the Dodgers in one of the most dramatic turnarounds in North American sports

The Guardian - UK

Scindia holds talks with U.S. aerospace giants on bolstering alliance with India

The Civil Aviation Minister is in New York for his first leg of his visit to North America.

The Hindu

US Army Chinook helicopters help set up base camp on Denali

Those wishing to climb North America’s tallest peak got a leg up this week from the U.S. Army

The Independent UK

Ford, GM Halt Production At Some North American Plants: What You Need To Know

General Motors Co (NYSE: and Ford Motor Co (NYSE: GM) are halting production at some of their plants in the U.S.

Benzinga

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Benzinga

Why A O Smith Shares Are Sliding Today

A O Smith Corp (NYSE:AOS) reported first-quarter FY22 sales growth of 27% year-over-year to $978 million, beating the consensus of $967.05 million. Adjusted EPS improved 31% Y/Y to $0.77, beating the consensus of $0.75. Gross margin contracted 260 bps to 35%. North America segment sales rose 32% to $730.1 million, driven by…

Benzinga

Tempur Sealy Q1 Earnings Tops Estimates, Cuts FY22 Outlook

Tempur Sealy International Inc (NYSE:TPX) reported first-quarter FY22 sales growth of 18.7% year-on-year to $1.24 billion, beating the consensus of $1.20 billion. Sales in North America rose 5.4% Y/Y, and the International segment sales gained 92%. Gross margin for the quarter contracted 180 basis points to 42.2%, and the gross profit rose 13.9%…

Benzinga

LKQ Q1 Earnings Top Estimates; Raises FY22 Outlook

LKQ Corp (NASDAQ:LKQ) reported first-quarter FY22 sales growth of 5.6% year-on-year to $3.35 billion, marginally above the consensus of $3.30 billion. Revenue in North America rose 14.2% Y/Y, and Europe increased 1.8%. Gross margin for the quarter compressed 30 basis points Y/Y to 40.5%. Operating margin contracted 60 basis points to 11.1%, and…

Benzinga

Volkswagen Plans To Expand Chattanooga Plant In US To Focus On EVs: Reuters

Volkswagen AG (OTC:VWAGY) plans to expand its Chattanooga plant in the U.S. to produce an electric pick-up and the new ID.Buzz microbus, Reuters reported. The move is expected to grow the company’s market share in North America. The carmaker plans to invest at least $7.1 billion over the next five years in…

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Benzinga

Mattel Q1 Earnings Smashes Estimates; Reiterates 2022, 2023 Goals

Mattel Inc (NASDAQ:MAT) reported first-quarter FY22 sales growth of 19% year-on-year, to $1.04 billion, beating the consensus of $917.95 million. North America segment sales rose 26% Y/Y, and International sales grew 16%. Worldwide Gross Billings for Dolls increased 4% Y/Y, Infant, Toddler, and Preschool rose 12%, Vehicles jumped 31%, and Action Figures, Building…

Benzinga

Trinity Industries Stock Slides On Q1 Miss, Downbeat FY22 Outlook

Trinity Industries Inc (NYSE:TRN) reported first-quarter FY22 revenue growth of 42.9% year-over-year to $472.7 million, missing the consensus of $491 million. Adjusted EPS improved to $0.03 from $0.01 in 1Q21, missing the consensus of $0.16. Adjusted operating profit declined 5.5% Y/Y to $48.4 million, and margin contracted by 524 bps to 10.2%.…

Benzinga

United Microelectronics Clocks 35% Revenue Growth In Q1; Wafer Shipments Decline 1.3% Sequentially

United Microelectronics Corp (NYSE:UMC) reported first-quarter FY22 revenue growth of 34.7% year-on-year to $2.22 billion, missing the consensus of $2.26 billion. Revenue contribution from 40nm and below technologies represented 38% of wafer revenue. Wafer shipments declined 1.3% Q/Q to 2,513K, while quarterly capacity grew to 2,420K 8-inch equivalent wafers. The overall utilization rate…

Asharq Al-Awsat

UK’s Ted Baker Attracts ‘Number’ of Proposals from Potential Suitors

Ted Baker has received "a number" of proposals from potentially interested suitors, it said on Wednesday, after the fashion retailer put itself up for sale earlier this month. The British firm, which has nearly 400 locations mostly in Europe, North America and the United Kingdom, launched a formal sale process…

Benzinga

Pro-Patient Psychedelic Treatments Are Finally Moving Forward In A 'New Paradigm Shift'

Last week, Benzinga’s Psychedelics Capital Conference brought a premier gathering of the biggest publicly traded psychedelics companies in North America with forward-thinking investors to Miami, where the hottest topic seemed to revolve around LSD and derivative molecules.

Benzinga

Travelzoo Shares Pop Post Q1 Beat

Travelzoo (NASDAQ:TZOO) reported first-quarter FY22 revenue growth of 29% year-on-year to $18.5 million, beating the consensus of $16.7 million. North America business segment revenue increased 19% Y/Y to $11.7 million. Europe business revenue climbed 66% Y/Y to $5.9 million. Jack's Flight Club revenue decreased 7% Y/Y to $0.82 million. As of March 31,…

StockNews.com

Daseke: A Growth Stock That's Undervalued

The price of shares of the premier North American transportation solutions specialist Daseke (DSKE) have gained in double digit percentage terms over the past year, outperforming the benchmark indexes. And as global supply chain disruptions continue, analysts expect DSKE's financials to improve in the coming months. We think that given…

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