Magna International Inc (NYSE:MGA) reported the plunge of -0.08% and closed at $49.16, with the total traded volume of 1.37 million shares. During last trade its minimum price was $48.63 and it gained its highest price of $49.30 and has a total of 370.43 million outstanding shares.
Magna International Inc (NYSE:MGA) on September 8, 2017 reported that it s expanding operations to add aluminum casting capabilities at its Kamtek facility in Birmingham, Alabama, to continue helping automakers address global demand for decreased carbon dioxide emissions and improved fuel economy through vehicle lightweighting. Governor Kay Ivey was in attendance to celebrate the expansion with Magna executives and employees.
Magna invested approximately $60 million to add the 150,000-square-foot facility. At full capacity, the expansion has the potential to generate more than 100 jobs.
The new facility will feature a manufacturing process – high-pressure aluminum casting – that further enables Magna to provide vehicle lightweighting and part-reduction solutions for customers. The new capabilities improve upon traditional steel multi-piece welded assemblies, which can take upwards of 12 stampings to produce one structural component. High-pressure aluminum casting allows production of full structures in one piece, reducing vehicle mass without compromising performance, structural integrity or safety.
CBAK Energy Technology Inc (NASDAQ:CBAK) reported the surge of +3.33%, after closing price for the day was $1.55. Its total trading volume for the day was 81,840.00 shares, versus its average volume of 45,885.00 shares. Its earnings per share are $1.27.
CBAK Energy Technology Inc (NASDAQ:CBAK), through its subsidiaries, develops, manufactures, and sells energy high power lithium batteries in the Peoples Republic of China, Europe, South Korea, and Israel. Its products are used in various applications, including electric vehicles, such as electric cars, electric buses, and hybrid electric cars and buses; light electric vehicles that include electric bicycles, electric motors, and sight-seeing cars; and electric tools, energy storage, uninterruptible power supply, and other high power applications, as well as cordless power tools.
LICO ENERGY METALS COM NPV (OTCMKTS:WCTXF) showing no change and closed at $0.0820, after gaining total volume of 9,500.00 shares. Its earnings per share (EPS) is -$0.07 and has total market capitalization of $8.75 million and a total of 106.68 million outstanding shares.
LICO ENERGY METALS COM NPV (OTCMKTS:WCTXF) on August 31, 2017 announced that, Mr. Greg Reimer has joined the LiCo Energy Metals Board of Directors.
Greg Reimer is the former Executive Vice-President (EVP) of BC Hydro’s Transmission & Distribution (T&D) business group, and held the EVP position from June 2010 until recently leaving BC Hydro to pursue work in the green energy field. In his senior executive capacity, Greg brings a wealth of operational experience and strong leadership from over 26 years in the public sector.
At BC Hydro, Greg was responsible for approximately 2,300 employees who plan, design, build, operate and maintain the systems and assets needed to deliver electricity safely and reliably to BC Hydro’s four million customers. In total, Greg was accountable for $580M in annual capital investments in transmission and distribution infrastructure, and $325M in annual operating and maintenance expenditures. Greg also recently led a major strategic, multi-year transformation of BC Hydro’s T&D organization that is increasing operational efficiency, improving safety performance, building a more reliable, modern electricity grid to meet growing customer expectations. BC Hydro is Canada’s third largest electric utility with over $5.7 billion in annual revenues.