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.