PLANT

News Automotive Manufacturing Business Operations
April 14, 2021  

Magna plans to expand manufacturing in North America to focus on EVs

(CP) Canadian auto parts company Magna International Inc. is

News Automotive Manufacturing General
December 18, 2018  

Magna International buying Spanish automotive seat maker Viza Geca SL

Magna will acquire factories in Spain, the Czech Republic, Morocco and Mexico.

News Automotive Manufacturing General Operations Production Technology
August 30, 2017  

Magna invests in solid-state LiDAR developer Innoviz

Expands existing collaboration with solid-state LiDAR technology innovator to advance autonomous vehicle technologies.

Feature Aerospace Automotive Manufacturing Transportation Business Operations General Operations Production Sustainability Technology
June 23, 2017  

New projects boost innovation: aerospace, automotive and entrepreneurs targeted

Incubators, accelerators, and developers collaborate with industry and academia to nurture research and development.

News Automotive Manufacturing Business Operations General Operations Production
June 20, 2017  

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.

News Automotive Manufacturing Business Operations General Operations Production
September 26, 2016  

Magna to acquire BOCO Group

Deal increases its capacity to make automotive latches, hinges and other closure components.

News Automotive Manufacturing General Operations Production
May 17, 2016  

Magna awarded 2016 JEC Americas Innovation Award

Carbon-fiber hoods help meet fuel economy and emissions standards.

News Automotive Manufacturing Business Operations General Operations Production
April 25, 2016  

Magna International signs deal for German company Telemotive AG

Deal is expected to close in the second quarter of this year.

News Automotive Manufacturing General Operations Production
March 9, 2016  

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.

News Automotive Manufacturing General Operations Production
October 2, 2015  

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.

News Automotive Manufacturing Business Operations General Operations Production
July 16, 2015  

Magna to buy Getrag transmission group for $2.5B

German company supplies transmissions to automakers including Ford, BMW, Daimler and Volvo.

Insight Automotive Government Manufacturing Business Operations General Operations Production
June 22, 2015  

Feds out of touch on auto strategy

A national strategy is necessary to raise Canada’s profile as an automotive manufacturing superstar.

News Automotive Manufacturing General Operations Production
May 5, 2015  

Magna, Chongqing Xingqiaorui Automotive to form joint venture

JV to supply body and chassis components to Chinese market.

Feature Automotive Manufacturing General Operations Production
May 4, 2015  

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.

News Government Manufacturing General Production Technology
April 28, 2015  

Powerhouse VC fund gets $25M provincial gov. cash injection

Scale Up Ventures will connect high growth start-ups with corporate Canada to accelerate innovation.

News Automotive Manufacturing General Operations Production
February 19, 2015  

Magna opens chassis production facility in Mexico

130,000 square-foot facility will produce welded structural assemblies for global automakers, including Nissan.

News Automotive Manufacturing Business Operations General Operations
January 14, 2015  

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.

News Automotive Manufacturing Business Operations General Technology
December 12, 2014  

Magna joins Techstars program to support auto innovation

Auto supplier teams with Ford and Verizon Telematics to bring new mobile, cloud technologies to market.

News Aerospace Automotive Energy Forestry Manufacturing Oil & Gas Pulp & Paper Transportation Business Operations Economy General Technology
November 3, 2014  

Canadian corporate R&D spending advances 4.1%

Bombardier is Canada’s largest spender at $2.2 billion.

News Automotive Manufacturing Business Operations General Operations Production
October 29, 2014  

Magna opens Michigan exteriors facility

Injection moulding and robotic paint line facility will employ approximately 340 people at full production.

News Automotive Manufacturing Business Operations General Operations
September 30, 2014  

Magna acquires automotive supplier Techform Group

Enhances portfolio with hinge and wire forming technologies.

News Automotive Manufacturing Business Operations General Operations Technology
September 17, 2014  

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.

News Automotive Manufacturing General Technology
June 5, 2014  

Magna to supply AWD system on Mercedes-Benz GLA

System reduces drag to lower CO2 emissions.

News Automotive Manufacturing Business Operations Operations Production
April 7, 2014  

Magna expands Newmarket Dortec plant, creating 75 jobs

Auto supplier says investment, new products indicative of shift from mechanical to electronic systems.

News Automotive Manufacturing Business Operations Facilities Maintenance Operations Production Technology
January 16, 2014  

Magna chief seeks further improvements in European operations

Canadian autoparts manufacturer expects to close and consolidate some of its facilities in Europe.

News Manufacturing Business Operations Facilities Maintenance Operations Production Technology
January 15, 2014  

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.

News Automotive Manufacturing Business Operations Facilities Maintenance Operations Production Technology
August 12, 2013  

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.

News Automotive Manufacturing Business Operations Facilities Maintenance Operations Production Technology
May 10, 2013  

Magna Q1 profit up to $369M; revenue up at $8.36B

Complete vehicle assembly sales increased 33% to US$798 million.

News Manufacturing Business Operations Facilities Maintenance Operations Production Technology
May 1, 2013  

Five people hurt in Magna plant explosion

Incident took place on a manufacturing line at Dortec Industries, a division of Magna.

News Automotive Manufacturing Business Operations Operations Production Technology
March 12, 2013  

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.

News Business Operations Operations Technology
January 29, 2013  

Corporations put low tax bounty in the bank: CLC

Report pegs tax freedom day for businesses is Jan 30.

News Automotive Manufacturing Business Operations Operations Production Technology
January 16, 2013  

Magna Int. expects global sales up to $32.7 billion in 2013

Half of total sales expected to come from North American manufacturing operations.