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Magna International
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Magna Forms Composite Liftgate JV with Chinese Automaker
Apr 4, 2018Automotive parts supplier Magna International formed a joint venture (JV) in China to make composite liftgates for a global automaker’s crossover vehicle commencing in late 2018. The JV with Guangzhou Automobile Group (GAC) ...
Tags: Magna, Chinese Automaker
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Magna International Realigns Management Structure Along Product Lines
Dec 21, 2017Canadian global automotive supplier Magna International has announced new management structure and financial reporting segments. The shift better aligns our global operations with our long-term strategy tied to the future of mobility. ...
Tags: automotive, roof systems, sealing systems
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Magna International to Manufacture New BMW 5 Series
Sep 20, 2016Magna International will manufacture the new 5 Series sedan for the BMW Group at its contract Graz vehicle assembly facility in Graz, Austria. The production, which is expected to begin in 2017, will be split with BMW Group's ...
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Magna to Acquire Telemotive
Apr 27, 2016Magna International has agreed to acquire Telemotive, an engineering service provider for automotive electronics. Subject to regulatory approval, the transaction is expected to close in the second quarter of 2016. Once complete, ...
Tags: Magna, Telemotive
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Magna Bets on Advanced Electronic Solutions at CES 2016
Feb 6, 2016Magna International Inc. announced that its "Moving People" exhibit at the CES 2016 world stage in Las Vegas will showcase innovations which seek to address key industry challenges related to connected vehicle security and driver safety. ...
Tags: CES 2016, vehicle cyber security
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Magna and Argus Collaborate on Cyber Security Solution
Sep 16, 2015Magna International and Argus Cyber Security announced today that they are partnering to deliver a robust solution to the automotive industry that addresses vehicle security concerns related to cyber attacks in the rapidly growing car ...
Tags: Magna, Argus, car, cyber security
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Magna International Completes The Acquisition of Getrag Group
Jul 21, 2015Magna International has inked a pact to purchase automotive transmissions supplier Getrag Group of Companies (Getrag) in a deal valued at 1.75bn Eur. Likely to close by this year-end, the transaction for the 100% equity incorporates ...
Tags: automobile manufacture, company acquision, Getrag Group
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Magna Constructed a New Automotive Exteriors Manufacturing Facility in Mexico
Mar 20, 2015Automotive supplier Magna International has commenced construction on a new automotive exteriors manufacturing facility in Queretaro, Mexico. The company is investing $135m on the 285,000 ft2 plant, which will manufacture molded and ...
Tags: Magna, automaker, Auto Parts
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Magna International to unveil its hybrid concept sports car dubbed MILA Plus in 2015
Mar 2, 2015Canadian automaker Magna International is planning to unveil its hybrid concept sports car dubbed MILA Plus at the Geneva Motor Show 2015. The car is powered by three-cylinder gasoline engine along with two electric motors, capable of ...
Tags: Concept Car, Geneva Motor Show
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MMLV Concept Car Is Tested
Feb 3, 2015Canadian Auto supplier Magna International has announced the completion of validation testing on multi-material lightweight vehicle (MMLV) concept car. The light weight concept car has been developed by Magna in cooperation with Ford ...
Tags: Magna, Concept Car
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The New Greenfield Facility Was Built for The Manufacture of Automotive Exterior Products
Nov 11, 2014Magna International announced today the grand opening of DexSys, a new greenfield facility in Delta Township, Michigan, for the manufacture of automotive exterior products. Company officials were joined by Michigan Governor Rick Snyder, ...
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Undrape New Multi-Material Lightweight Vehicle Concept
Jun 12, 2014Magna International in association with the Ford Motor Company has unveiled the new multi-material lightweight vehicle (MMLV) concept, which reduces the vehicle weight. Developed under a research and development project led by Magna and ...
Tags: Auto Parts, Vehicle
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Supply All-Wheel-Drive (Awd) System for The New Mercedes-Benz Gla Compact SUV
Jun 6, 2014Global automotive supplier Magna International has agreed to supply all-wheel-drive (AWD) system for the new Mercedes-Benz GLA compact SUV as well as the A45 AMG and the CLA vehicles. The AWD system, which is known as ProActive Rear ...
Tags: AWD System, Mercedes-Benz Vehicles
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Magna Steyr Will Cooperate with BMW Group.
Feb 8, 2014Magna Steyr, an operating unit of Magna International, has entered into a new manufacturing contract with German luxury carmaker BMW Group. Under the contract, Magna Steyr will continue assembling BMW's vehicles at its plant in Graz, ...
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Magna International Opened Its New Seat Component Manufacturing Plant
Oct 8, 2013Global automotive supplier Magna International has opened its new seat component manufacturing plant, Magna Seating, in Odaci, Serbia. With a production area of 4,300m2, the new plant marks the company's first production plant in Serbia. ...
Tags: automotive, Manufacturing Plant