Magna
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Magna International expects 2020 sales to be down from 2019
Auto parts company also says it has decided to conclude its self-driving technology partnership with Lyft.
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Magna cuts 2019 outlook after GM strike in US cuts volume
Expects total sales this year of between $38.7 billion and $39.8 billion.
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BMW awards Magna its largest ever transmissions order
Multi-year deal covers all front-wheel drive, dual-clutch, hybrid variants.
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Magna’s Q2 profit falls 28% as sales revenue and volumes decline
Auto parts maker cites lower operating margins and higher expense items.
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Auto parts maker Magna reduces profit guidance for 2019
Expects light vehicle production in North America and Europe to fall shot of an earlier forecast.
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Tariffs a problem, but USMCA could give Magna a leg up: Walker
Agreement encourages auto companies to invest or expand in the US and Canada.
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Auto parts maker Magna reports $456M Q4 profit, ups dividend
Will now pay quarterly 36.5 cents per share, up from 33 cents per share.
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GM reaffirms Oshawa closure after meetings with Ontario and federal officials
About 2,600 unionized workers and 340 other staff to lose jobs.
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Magna sells FP&C business to South Korea’s Hanon Systems for $1.23B
Powertrain unit will focus on transmission and other driveline-related systems.
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Magna stock plunges after cautious outlook amid tariff uncertainty
Edging down estimates for sales, margins and other key metrics for 2018, even though Q2 results were strong.
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Magna buys Italian automotive light maker OLSA for $354M
Deal expands its capability to design, engineer and manufacture headlamps.
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Magna beats Q1 profit expectations, raises guidance for the year
Revenue of $10.8 billion is up from $8.9 billion in the same quarter last year.
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Magna invests $125,000 for Skills Ontario initiatives
Auto parts maker will also offer jobs to medalists in the industrial contests.
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Uber suspends self-driving car tests in Toronto and elsewhere after pedestrian death
Woman walking outside a crosswalk in Phoenix suburb hit by vehicle in autonomous mode.
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Magna partnering with Lyft on self driving vehicle systems
Will lead manufacturing and contribute knowledge in vehicle systems, safety and other areas.
