|Bid||20.00 x 110000|
|Ask||21.00 x 110000|
|Day's range||20.40 - 20.60|
|52-week range||18.10 - 30.60|
|Beta (5Y monthly)||1.26|
|PE ratio (TTM)||7.81|
|Forward dividend & yield||0.34 (1.62%)|
|Ex-dividend date||30 Dec 2021|
|1y target est||N/A|
Magna (MGA) and LG Electronics announce a JV to launch a new Powertrain facility in Mexico. This is the JV's first foothold in North America.
The plant, which is being built by the LG Magna e-Powertrain joint venture, will make EV motors, inverters and on-board chargers. GM said a year ago that it planned to invest more than $1 billion in its Ramos Arizpe assembly plant, which will begin building EVs in 2023. GM's Ramos Arizpe plant currently builds the gasoline-powered Chevrolet Equinox and Blazer SUVs.
With South Koreans inclining towards crypto and blockchain, tech giant LG Electronics has officially updated its business goals to include them.