Shares of Mattel, Inc. (NASDAQ:MAT) ended Friday session in red amid volatile trading. The shares closed down -0.07 points or -0.22% at $31.24 with 4.17 million shares getting traded. Post opening the session at $31.22, the shares hit an intraday low of $30.88 and an intraday high of $31.35 and the price vacillated in this range throughout the day. The company has a market cap of $10.53 billion and the numbers of outstanding shares have been calculated to be 340.62 million shares.
On Sept. 14, 2016 nabi, a Mattel brand (MAT) known for creating innovative, high-tech solutions for kids families, for the first time ever is delivering highly immersive brand experiences for their tablets around three of Mattel’s most beloved brands. The tablets—Barbie™ Tablet Powered by nabi®, Hot Wheels™ Tablet Powered by nabi®, and American Girl® Tablet Powered by nabi® will come chock full of digital content, experiences, and accessories around each brand that will delight young fans combined with the high-tech quality and exclusive features that parents have come to expect from a nabi® tablet including advanced technology components and software, and the revolutionary Blue Morpho™ OS overlay that offers a robust line-up of more than 400 kid-focused features. The new tablets will allow kids’ imaginations to run wild as they race cars around the track with Hot Wheels™, “Be Anything” with Barbie™, and get creative with their favorite friends from American Girl®. All three tablets debut this October for $79.99.
Whether its learning to create a movie or pursuing fun arts and crafts with their favorite American Girl dolls, riding the digital tracks with Hot Wheels, or creating their very own superhero comic strip with Barbie, each of the tablets will encourage kids to dream big and enter the worlds of their favorite toys. Here are further specifics about each:
- Barbie Tablet: If “You Can Be Anything with Barbie,” this tablet also lets you explore, get creative, and “be anything” from fashion designer to super hero. It features dozens of Barbie-themed apps, games, and videos including apps that let you explore potential careers with Barbie, and create your own Barbie Super Hero Comics, as well as a video series called “Barbie Spy Squad” which follows the iconic doll and her friends as they go on super-cool covert missions. The tablet also comes with a custom pink bumper, fun Barbie sound effects that come alive as kids unlock the tablet, swipe through different screens and open different folders.
- Hot Wheels: Vroom! Vroom! Hot Wheel fans rev up your engines with this brand new tablet! Get under the hood with the “Hot Wheels Labs” videos, which teach kids about the science of Hot Wheels cars and tracks such as resistance, friction and gravity. There’s also a cool “Tracks & Hacks” section with more than 25 apps and games for hours of play. The tablet also comes with a custom bumper and fun racing sound effects that will absolutely delight little race car drivers.
- American Girl: Make it a girls-night-in with all of your American Girl friends! This tablet includes more than 70 apps, videos, and games featuring both American Girl characters and creative craft ideas. Learn how to make your own movie starring a cast of American Girl dolls and get tips on how to style their hair in time for the shoot! Dance with Isabelle in her studio and bake with Grace, American Girl of the Year 2015, at the Sweet Shop. The tablet also comes with a berry colored bumper and has American Girl specific sound effects that will surprise and delight kids as they explore their tablet.
Shares of Dana Holding Corporation (NYSE:DAN) ended Friday session in green amid volatile trading. The shares closed up +0.18 points or 1.18% at $15.04 with 4.14 million shares getting traded. Post opening the session at $15.24, the shares hit an intraday low of $14.94 and an intraday high of $15.30 and the price vacillated in this range throughout the day. The company has a market cap of $2.05 billion and the numbers of outstanding shares have been calculated to be 143.73 million shares.
On Sept. 8, 2016 – In support of secured new business, Dana Incorporated (DAN) announced that it plans to construct a state-of-the-art gear manufacturing facility in Europe. The establishment of this Spicer® gear factory in Győr, Hungary, will serve as a significant enabler to further satisfy the regional needs of Dana’s global customers.
The 140,000 square-foot (13,000 square-meter) facility will provide customers in the region with access to Dana’s advanced design, engineering, and manufacturing expertise to support their sourcing initiatives and technology strategies.
With construction slated to begin in the first quarter of 2017, the company plans to invest approximately $51 (€46) million in the new facility and expects to employ approximately 200 associates by 2020.
The facility will produce Spicer® AdvanTEK® hypoid or spiral bevel ring and pinion gear sets. Dana manufactures primary ring and pinion drive gearing for traditional banjo and beam axles, as well as all-wheel-drive systems. Full axle assembly on the site is possible in the future.
The company’s AdvanTEK gearing line offers best-in-class noise, vibration, and harshness (NVH) performance, as well as greater power density in a compact package.
The new plant will serve as the company’s fourth operation in Győr. The decision to develop another plant within the country was made possible by the support of the Hungarian Government which awarded Dana non-refundable cash grant based on the proposal of the Hungarian Investment Promotion Agency (HIPA).
“Dana is earning new business in the European marketplace, and to support this we are excited to add an additional gear-manufacturing facility to our footprint,” said Bob Pyle, president of Dana Light Vehicle Driveline Technologies. “This plant is strategically positioned in close proximity to our other Győr operations and will enable us to deliver technologies to our European customers more quickly and cost effectively.
“We are grateful for the support that HIPA and the local government have provided during our site selection. Dana has operated in Győr for more than 10 years, and we know we can find exceptional employees there,” Pyle added.