Breadcrumb Home Companies Magna International Focus on Electrification VW's Scout EVs to be developed by Magna Steyr, report says Subscription Required Suppliers Magna debuts new seating material that is 100% recyclable Subscription Required Supplier spotlight Magna skeptical about Tesla-driven move to megacasting Subscription Required Suppliers Despite uncertainty, supplier spending surges to meet EV, AV demand Subscription Required Automakers Fisker faces investor questions on Ocean production miss Subscription Required Supplier spotlight EV push could spur more supplier mergers and acquisitions Subscription Required Obituaries Former Toyota-GM exec Mark Hogan, longtime bridge between U.S. and Japan, dies Suppliers Ineos taps Magna Steyr to build off-road EV starting in 2026 Subscription Required Suppliers EV tax rules lift Magna Steyr's hopes for U.S. production Subscription Required Supplier spotlight Supplier profits lag even as revenue reaches pre-pandemic levels Load More Sign up for free newsletters Europe Breaking News Alerts (as needed) Europe Daily Summary (weekdays) The Long Read (monthly) Interview of the Month (monthly) Focus on Technology (monthly) Focus on Electrification (monthly) Supplier Spotlight (monthly) Cars & Concepts (monthly) Segment Analysis (monthly) Europe By The Numbers (monthly) EMAIL ADDRESS Please enter a valid email address. Please enter your email address. Please verify captcha. Please select at least one newsletter to subscribe. You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.