Magna plans to expand manufacturing in North America to focus on EVs
(CP) Canadian auto parts company Magna International Inc. is…
Magna International buying Spanish automotive seat maker Viza Geca SL
Magna will acquire factories in Spain, the Czech Republic, Morocco and Mexico.
Magna invests in solid-state LiDAR developer Innoviz
Expands existing collaboration with solid-state LiDAR technology innovator to advance autonomous vehicle technologies.
New projects boost innovation: aerospace, automotive and entrepreneurs targeted
Incubators, accelerators, and developers collaborate with industry and academia to nurture research and development.
Magna to produce BMW 5-series plug-in hybrid
Manufacturing will be based out of the auto parts giant’s Austrian plant, which has been producing BMW vehicles for 15 years.
Magna to acquire BOCO Group
Deal increases its capacity to make automotive latches, hinges and other closure components.
Magna awarded 2016 JEC Americas Innovation Award
Carbon-fiber hoods help meet fuel economy and emissions standards.
Magna International signs deal for German company Telemotive AG
Deal is expected to close in the second quarter of this year.
Magna to supply vision system for 2016 Jeep Grand Cherokee
System works with lane keeping, automatic high beam, automatic emergency braking and adaptive cruise control features.
Magna to buy Stadco metal stamping business for Cosma division
Stadco produces steel and aluminum stampings as well as complex vehicle assemblies; value of deal not disclosed.
Magna to buy Getrag transmission group for $2.5B
German company supplies transmissions to automakers including Ford, BMW, Daimler and Volvo.
Feds out of touch on auto strategy
A national strategy is necessary to raise Canada’s profile as an automotive manufacturing superstar.
Magna, Chongqing Xingqiaorui Automotive to form joint venture
JV to supply body and chassis components to Chinese market.
Q&A with Don Walker: Magna CEO heads CAPC and the drive for auto investment
While there’s been some good work to ensure auto investment grows, the government must do more to ensure the industry thrives.
Powerhouse VC fund gets $25M provincial gov. cash injection
Scale Up Ventures will connect high growth start-ups with corporate Canada to accelerate innovation.
Magna opens chassis production facility in Mexico
130,000 square-foot facility will produce welded structural assemblies for global automakers, including Nissan.
Magna forecasts 2015 global sales up to US$36.1B
Auto parts giant expects a slight decline in Europe – it’s second-biggest market – from $9.7 billion to $9 billion.
Magna joins Techstars program to support auto innovation
Auto supplier teams with Ford and Verizon Telematics to bring new mobile, cloud technologies to market.
Canadian corporate R&D spending advances 4.1%
Bombardier is Canada’s largest spender at $2.2 billion.
Magna opens Michigan exteriors facility
Injection moulding and robotic paint line facility will employ approximately 340 people at full production.
Magna acquires automotive supplier Techform Group
Enhances portfolio with hinge and wire forming technologies.
Magna unveils industry-first latch, mirror systems on BMW i8
Plug-in electric sports car has outside mirrors with hidden turn signal indicators, electronic side-door latch system.
Magna to supply AWD system on Mercedes-Benz GLA
System reduces drag to lower CO2 emissions.
Magna expands Newmarket Dortec plant, creating 75 jobs
Auto supplier says investment, new products indicative of shift from mechanical to electronic systems.
Magna chief seeks further improvements in European operations
Canadian autoparts manufacturer expects to close and consolidate some of its facilities in Europe.
Magna International plans US$1.4 billion in capital spending
The automaker’s sales projections are in line with company and analyst estimates for last year’s revenue.
Magna eyes acquisitions in emerging markets
Auto parts maker wants to snatch up companies in China, Russia, but is cautious about India and South America.
Magna Q1 profit up to $369M; revenue up at $8.36B
Complete vehicle assembly sales increased 33% to US$798 million.
Five people hurt in Magna plant explosion
Incident took place on a manufacturing line at Dortec Industries, a division of Magna.
Magna, Zoltek use carbon fibre to produce lighter auto parts
Sheet molding compound can also be used to produce sub-systems and semi-structural applications.
Corporations put low tax bounty in the bank: CLC
Report pegs tax freedom day for businesses is Jan 30.
Magna Int. expects global sales up to $32.7 billion in 2013
Half of total sales expected to come from North American manufacturing operations.