Features advanced technologies including 3D and 360-degree surround view, trailer guidance, mutli-terrain view, and see-through hood Available in the North American market Offers best-in-class image quality AURORA, Ontario, May 04, 2022 (GLOBE NEWSWIRE) — Magna’s advanced driver assist systems (ADAS) are helping pave the way for global automakers to enhance safety, comfort and convenience. The… Continue reading Magna’s Surround View System Launches on All-New Toyota Tundra
Author: Magna International Official News
Magna Announces 2022 Annual and Special Meeting Results
AURORA, Ontario, May 03, 2022 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2022 annual and special meeting of shareholders held on May 3, 2022. A total of 232,806,238 Common Shares or 78.92% of our issued and outstanding Common Shares were represented in person or by proxy… Continue reading Magna Announces 2022 Annual and Special Meeting Results
Magna Begins Production of First Mild Hybrid Transverse Transmission for BMW Group
Magna is the exclusive mild hybrid transmission supplier for all front-transverse applications on BMW Group platform Contract extends across multiple models starting with the new BMW 2 Active Tourer Mild hybrid transmission technology significantly reduces CO2 emissions of an internal combustion engine AURORA, Ontario, May 02, 2022 (GLOBE NEWSWIRE) — Magna continues its accelerated transformation… Continue reading Magna Begins Production of First Mild Hybrid Transverse Transmission for BMW Group
Magna Announces First Quarter 2022 Results
Global light vehicle production was down 7%, largely due to 16% decrease in Europe Sales of $9.6 billion decreased 5% Diluted earnings per share and adjusted diluted earnings per share decreased 40% and 31%, respectively Reduced 2022 outlook to reflect expected lower light vehicle production assumptions and an increase in production input costs AURORA, Ontario,… Continue reading Magna Announces First Quarter 2022 Results
Magna’s New Slovakia Facility to Support Growing ADAS and Electrification Market
Facility to produce advanced cameras and electronics for inverters Production expected to start in the fourth quarter of 2022 Up to 600 new jobs expected to be created longer term AURORA, Ontario, April 21, 2022 (GLOBE NEWSWIRE) — Magna is expanding its ADAS and electrification footprint with the opening of a new plant in Kechnec,… Continue reading Magna’s New Slovakia Facility to Support Growing ADAS and Electrification Market
Magna Posts 2021 Annual Report
AURORA, Ontario, March 25, 2022 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2021 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company’s website, www.magna.com. Magna has also filed these documents with the… Continue reading Magna Posts 2021 Annual Report
Magna Announces Board Leadership and Other Changes
Board Chair, William L. Young, not standing for re-election Audit Committee Chair, Robert F. MacLellan, selected by Board to succeed as Board Chair in May Dr. Thomas Weber has been appointed to Board AURORA, Ontario, Feb. 11, 2022 (GLOBE NEWSWIRE) — Magna announced today upcoming changes to the leadership of its Board of Directors, ahead… Continue reading Magna Announces Board Leadership and Other Changes
Magna Announces Fourth Quarter 2021 Results and Outlook
Fourth Quarter 2021 Highlights Sales of $9.1 billion decreased 14%, compared to a 17% decrease in global light vehicle production Diluted earnings per share and Adjusted diluted earnings per share of $1.54 and $1.30, respectively, compared to $2.45 and $2.83 last year Returned $378 million to shareholders through share repurchases and dividends Raised quarterly cash… Continue reading Magna Announces Fourth Quarter 2021 Results and Outlook
Magna Lands Industry-First Award for Integrated Driver and Occupant Monitoring System
System solution fully integrates camera and electronics into the interior mirror Driver and in-cabin occupant monitoring achieved with a single camera Starts production in 2024 with German automaker AURORA, Ontario, Feb. 07, 2022 (GLOBE NEWSWIRE) — With the rapid global growth of advanced driver assistance systems (ADAS), driver monitoring is quickly becoming an important feature… Continue reading Magna Lands Industry-First Award for Integrated Driver and Occupant Monitoring System
Magna annonce la date de la conférence téléphonique portant sur ses résultats du 4e trimestre, la fin de l’exercice 2021 et les perspectives pour 2022
AURORA, Ontario, 24 janv. 2022 (GLOBE NEWSWIRE) — Magna International Inc. (TSX :MG) (NYSE :MGA) MAGNA ANNONCE LA DATE DE LA CONFÉRENCE TÉLÉPHONIQUE PORTANT SUR SES RÉSULTATS DU 4E TRIMESTRE, LA FIN DE L’EXERCICE 2021 ET LES PERSPECTIVES POUR 2022 VENDREDI – 11 FÉVRIER 2022 8h00, heure de l’Est NUMÉROS À COMPOSER N° gratuit : 1-800-909-4145 International :… Continue reading Magna annonce la date de la conférence téléphonique portant sur ses résultats du 4e trimestre, la fin de l’exercice 2021 et les perspectives pour 2022