Automotive 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
Canadian global automotive supplier Magna and US ridesharing firm Lyft have partnered to jointly fund, develop, and manufacture self-driving systems. Apart from funding the partnership, Magna agreed to invest $200 in Lyft. The ...
Tags: Magna, Self-Driving Systems
Canadian 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
Researchers from the US Department of Energy's (DOE) Pacific Northwest National Laboratory (PNNL) and experts from industry and academia have developed software tools, which can predict the fiber orientation and length distribution of ...
The automotive LIDAR (light detection and ranging) system market is growing from $230m in 2016 to $2.5bn in 2026, with LIDAR semiconductor revenue rising from $103m to $1.8bn, according to a report by IHS Markit. The current generation of ...
Tags: semiconductor, cameras
Magna has unveiled MAX4, a fully integrated, customizable and scalable autonomous driving sensing and compute platform that can allow up to Level 4 autonomous driving capabilities in both urban and highway environments. MAX4 combines ...
Tags: Magna, autonomous driving sensing
Starting in summer 2017, BMW's new 530e plug-in hybrid will be produced at Magna's contract manufacturing facility in Graz, Austria. As a contract manufacturing partner for two premium electrified vehicles – the BMW 530e and the ...
Tags: BMW, Plug-in Hybrid, SUV
Plastic processing equipment maker Milacron has exhibited its advanced injection molding machine portfolio at Chinaplas 2017 event in Guangzhou, China. At the event, the company exhibited Ferromatik 160 Series machines, which provides ...
John Lewis delivered gross sales of £2.02b for the HY ended 30th July – up 4.5%, with LFL sales growth of 3.1%, ahead of its more critical sales and profit-driving second half. Despite growing sales, operating profit fell by ...
Tags: John Lewis, gross sales
Magna 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 ...
At the recently concluded MAISON&OBJET Paris design show, German furniture manufacturer Pulpo showcased a special collection of tables designed by Sebastian Herkner – Font Low and Font High. Font is a collection of simple and ...
Tags: MAISON&OBJET Paris design show, Pulpo, Sebastian Herkner
China is one of the world’s largest automotive consumer market, by late 2015 car ownership in the country reached 172 million cars, and the volume is accelerating. It can be projected in the next few years, Chinese market demands for ...
Tags: LED Lighting, LED package
Magna 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
John Lewis has continued to outperform the market in uncertain trading conditions, with gross sales up 2.8% to £4.56bn (4.4% on a 52 week basis). To ensure that customers can shop whenever and however they want, John Lewis has ...
Tags: John Lewis, Trade condition, Annual summary
Magna 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