Magna
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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.
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.
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.
Magna buys Italian automotive light maker OLSA for $354M
Deal expands its capability to design, engineer and manufacture headlamps.
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.
Magna invests $125,000 for Skills Ontario initiatives
Auto parts maker will also offer jobs to medalists in the industrial contests.
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.
Magna partnering with Lyft on self driving vehicle systems
Will lead manufacturing and contribute knowledge in vehicle systems, safety and other areas.
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Magna takes a load off: Joint R&D with Ford creates lighter carbon
A collaborative lightweighting project yields 34% mass reduction and 87% fewer parts.
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Magna to increase investments in electrification and vehicle autonomy
Says electric vehicles will only account for 6% of the global market in 2025 and 13% in 2030.
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Magna unveils high-definition Icon Radar at NAIAS
Military inspired tech scans environment in four dimensions.
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Magna deal with Huaya Automotive powers NEVs in China
Joint venture to produce electric-drive powertrain for a German automaker.
Magna joins BMW, Intel to develop autonomous vehicle tech by 2021
Technology to be flexible, adoptable for integration by multiple automakers.
Magna unveils latest autonomous driving platform
MAX4 system allows up to Level 4 autonomous driving capabilities in urban and highway settings.
Magna invests in solid-state LiDAR developer Innoviz
Expands existing collaboration with solid-state LiDAR technology innovator to advance autonomous vehicle technologies.
