Sales more than doubled to $9.0 billion, reflecting global light vehicle production increase of 58% Diluted earnings per share and adjusted diluted earnings per share of $1.40, compared to losses of $2.17 and $1.71 last year, respectively Reduced outlook, largely reflecting reduction in expected global light vehicle production due to continued industry semiconductor chip shortage… Continue reading Magna Announces Second Quarter 2021 Results
Author: Magna International Official News
LG and Magna Sign Joint Venture Agreement and Announce Leadership Team
SEOUL, South Korea and AURORA, Ontario, July 28, 2021 (GLOBE NEWSWIRE) — LG Electronics (LG) and Magna International Inc. (Magna) today signed the transaction agreement which establishes a joint venture between the two companies. The new company, to be called LG Magna e-Powertrain, is headquartered in Incheon, South Korea and will be led by a… Continue reading LG and Magna Sign Joint Venture Agreement and Announce Leadership Team
Magna to Acquire Veoneer, Positioning Magna’s ADAS Business as a Global Leader in a Fast-Growing Industry
Veoneer’s complementary products and capabilities strengthen and broaden Magna’s ADAS portfolio and industry position Transaction adds significant engineering and software expertise, including in sensor perception and drive policy software Enhances Magna’s ADAS systems capabilities and feature functionality AURORA, Ontario and STOCKHOLM, Sweden, July 22, 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA)… Continue reading Magna to Acquire Veoneer, Positioning Magna’s ADAS Business as a Global Leader in a Fast-Growing Industry
Magna Ignites Vehicle Design With Surface Element Lighting Technology
New animated lighting technology opens the door for more expressive design First-to-market technology debuted on the all-new 2021 Volkswagen ID.4 Enables customizable 3D styling opportunities in a thin package AURORA, Ontario, June 07, 2021 (GLOBE NEWSWIRE) — Magna is pushing vehicle design possibilities with its new innovative Surface Element Lighting technology which offers a new… Continue reading Magna Ignites Vehicle Design With Surface Element Lighting Technology
Magna Announces First Quarter 2021 Results
Sales of $10.2 billion increased 18% Global light vehicle production was up 18% driven by an 87% increase in China Income from operations before income taxes increased 109% Adjusted EBIT was up 91% Diluted earnings per share and adjusted diluted earnings per share increased 136% and 116%, respectively Increased 2021 outlook to reflect modestly higher… Continue reading Magna Announces First Quarter 2021 Results
Magna Commits to Carbon Neutrality in Global Operations by 2030
Targeting carbon neutrality in European operations by 2025, globally by 2030 Science-based approach aligns with objectives of Paris Climate Accord Company signs-on as founding sponsor of XPrize Abundant Energy Alliance AURORA, Ontario, April 22, 2021 (GLOBE NEWSWIRE) — Magna enters a new era in the company’s sustainability journey with its announcement to achieve carbon neutrality… Continue reading Magna Commits to Carbon Neutrality in Global Operations by 2030
Magna Reaches eDrive Gearbox Production Milestone and Wins Additional Business in China
100,000 eDrive gearboxes produced for Chinese electric vehicle manufacturers New eDrive gearbox business won, further supporting Chinese startups Technology helps power pure electric vehicles, from sedans to SUVs SHANGHAI, China, April 19, 2021 (GLOBE NEWSWIRE) — On the heels of reaching a production milestone for its eDrive gearboxes, Magna has won additional business to further… Continue reading Magna Reaches eDrive Gearbox Production Milestone and Wins Additional Business in China
Magna to Hold Virtual Investor Event
AURORA, Ontario, April 12, 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG, NYSE: MGA), a mobility technology company and global leader in the automotive industry, will hold a virtual investor event on April 13, 2021. Magna’s Chief Executive Officer Swamy Kotagiri and Chief Financial Officer Vince Galifi will present on the company’s unique position… Continue reading Magna to Hold Virtual Investor Event
Magna’s Camera-Based Technology Helps Take the “Distracted” Out of Driving
Driver monitoring technology combines camera and interior mirror Fully integrated, intelligent system detects, predicts and alerts distracted driver Distracted driving related incidents are on the rise, emphasizes need for tech-based solutions AURORA, Ontario, April 06, 2021 (GLOBE NEWSWIRE) — As distracted driving remains one of the leading causes of vehicle accidents around the world, Magna… Continue reading Magna’s Camera-Based Technology Helps Take the “Distracted” Out of Driving
Magna veröffentlicht Jahresbericht 2020
AURORA, Ontario, April 02, 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) hat heute bekanntgegeben, dass sein Jahresbericht 2020 – einschließlich Management‘s Discussion and Analysis (MD&A), Audited Consolidated Financial Statements, Annual Information Form (AIF) und Form 40-F – jetzt auf der Website des Unternehmens (www.magna.com) verfügbar ist. Magna hat diese Dokumente zudem bei den… Continue reading Magna veröffentlicht Jahresbericht 2020