Recent Stories
Magna opens Czech plant to serve BMW in Europe
Magna has opened a new seating factory in the Czech Republic that will employ 300 people and supply BMW in Europe.
Magna opens Czech seating factory to serve BMW
Magna has opened a seating factory in the Czech Republic that will employ 300 people and supply BMW in Europe.
Jaguar production helps Magna to record Q1 net income
Magna International posted record net income of $660 million in the first quarter of 2018, up 14 percent from a year ago.
Magna wins lidar contract with BMW
Magna and its partner, Innoviz Technologies, will supply BMW with solid-state lidar for the automaker's upcoming autonomous vehicle platforms.
Magna opens composites center of excellence in Germany
Magna's new composite center in Germany will primarily focus on developing lightweight components, such as vehicle subframes, door panels and hoods.
Magna realigns business into four primary segments
Magna will realign its divisions and create four global, product segments. It plans to report quarterly sales and earnings for each unit beginning in 2018.The changes will provide investors with increased transparency and allow for easier comparisons with the peers, the supplier said.
Porsche France boss to head Canada ops
Marc Ouayoun will become CEO of Porsche Cars Canada, moving from his current role heading the automaker's French unit.
Magna Q3 earnings flat on challenges at former Getrag European plants
Magna said third-quarter profits were flat despite rising revenue as the company was hampered by challenges at two newly acquired European plants.
Magna to produce electric-drive powertrain with China's Huayu Automotive
Magna and Huayu, a subsidiary of SAIC, plan to produce an electric-drive powertrain system for an unidentified German automaker.
BMW's self-driving tech collaboration adds Magna
Magna has struck a deal with BMW, Intel and Mobileye to bring a new self-driving platform to the automotive market by 2021.
Magna's Level 4 autonomous technology seeks to simplify self-driving interface
Magna has developed Level 4 self-driving technology that aims to simplify the way drivers engage with autonomous systems by including the option of a familiar cruise-control-like user interface.
Magna eyes opportunities in Volvo's electric future
Volvo's decision to electrify all its future powertrains could mean more business for Magna International, which is eager to help the automaker reach its goal.
Magna touts new customizable LED headlamps
Magna International says it has created a more efficient headlamp that can be custom developed for a vehicle's specific shape and styling, but also improves visibility for drivers.
Magna develops camera-equipped mirrors
Magna International has developed a pair of camera-equipped mirrors that allow drivers to see video of their surroundings as they drive.
Magna creates tech council to explore 'future innovation projects'
Magna International has created a technology advisory council to help the supplier identify additional business opportunities.