Cost-Efficient 3D Surround View System for Mass-Produced Vehicles Please click HERE for the PDF of the release. TOKYO, Japan, AURORA, Canada, May 17, 2018 ―Renesas Electronics Corporation (TSE: 6723), an industry-leading supplier of automotive semiconductor solutions, and Magna, a mobility technology company and one of the world’s largest automotive suppliers, aim to accelerate the mass… Continue reading News Release – Renesas and Magna Bring Advanced Safety Features to More Vehicle Segments and Customers
Author: Magna International Official News
Press Release – Magna Announces Record First Quarter Results
Please click HERE for a PDF version of the release. Record quarterly sales, up 21% year over year to $10.79 billion Record quarterly diluted earnings per share of $1.83, increased 21% Cash provided from operating activities of $577 million, up 26%, a first quarter record Paid dividends of $118 million and returned $103 million to… Continue reading Press Release – Magna Announces Record First Quarter Results
News Release – Magna Opens New Aluminum Casting Facility in the U.K.
• New facility to supply structural castings to Jaguar Land Rover• Aluminum structural castings help reduce vehicle weight and complexity• 225,000-square-foot facility, employing approximately 300 people Please click HERE for a PDF version of the release. SAILAUF, Germany, May 8, 2018 – Magna has opened an aluminum casting facility in Telford, England, which will supply… Continue reading News Release – Magna Opens New Aluminum Casting Facility in the U.K.
Press Release – Annual Meeting of Shareholders and Notice of Conference Call for First Quarter 2018 Results
Please click HERE for a PDF version of the release. AURORA, Ontario, April 27, 2018 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA) ANNUAL MEETING OF SHAREHOLDERS THURSDAY – MAY 10, 2018 10:00 AM ET HILTON TORONTO/MARKHAM SUITES CONFERENCE CENTRE 8500 Warden Avenue, Markham, Ontario, Canada Webcast: www.magna.com FIRST QUARTER 2018… Continue reading Press Release – Annual Meeting of Shareholders and Notice of Conference Call for First Quarter 2018 Results
News Release – Magna Wins LiDAR Business With BMW Group
Please click HERE for a PDF version of the release. One of the first serial production contracts for solid-state LiDAR Supports up to L4 and L5 self-driving systems across multiple vehicle platforms Solid-state LiDAR from Innoviz Technologies meets automotive standards in a compact size and at a competitive cost AURORA, Ontario, April 26, 2018 (GLOBE… Continue reading News Release – Magna Wins LiDAR Business With BMW Group
News Release – Magna and BHAP Create Joint Venture to Supply Door Modules to Automakers in China
Please click HERE for a PDF version of the release. JV has been awarded door modules business with German OEM New facility planned for the Beijing area 100 new jobs expected, production to begin in 2021 BEIJING, April 26, 2018 (GLOBE NEWSWIRE) — A new joint venture between Magna and Beijing Hainachuan Automotive Parts Co.,… Continue reading News Release – Magna and BHAP Create Joint Venture to Supply Door Modules to Automakers in China
News Release – Magna Opens New Body & Chassis Plant in Mexico
Please click HERE for a PDF version of the release. Facility to produce structural welded assemblies for global automakers Currently employs 400, expected growth to approximately 1,000 Gives Magna 32 facilities and more than 28,000 employees in Mexico AURORA, Ontario, April 19, 2018 (GLOBE NEWSWIRE) — Magna executives were joined by Governor Juan Manuel Carreras… Continue reading News Release – Magna Opens New Body & Chassis Plant in Mexico
News Release – Magna to Develop Electric Vehicle Architecture for BAIC Group
Please click HERE for a PDF version of this release. • Joint program for next generation of EV architecture• Magna to enhance its relationship with one of China’s largest OEMs • First project with BAIC Group to support their electrification strategy BEIJING, April 9, 2018 — BAIC Group (Beijing Automotive Industry Holding Co., Ltd.) and Magna… Continue reading News Release – Magna to Develop Electric Vehicle Architecture for BAIC Group
News Release – Magna Forms Joint Venture in China to Support Growing Composite Liftgate Market
Please click HERE for a PDF version of the release. Deal signed with Guangzhou Automobile Group Co., Ltd. (GAC) subsidiary Enables mass production of composite liftgates for fast-growing market Further expands Magna’s China footprint SHANGHAI, China, April 02, 2018 (GLOBE NEWSWIRE) — As the market for crossovers and sport utility vehicles continues to grow in… Continue reading News Release – Magna Forms Joint Venture in China to Support Growing Composite Liftgate Market
Press Release – Magna Provides Engineering Expertise to New Automaker VinFast
Please click HERE for a PDF version of the release. Complete vehicle development for two models Advanced engineering methods reduce development time to 12 months Vehicles will be built at the VinFast production plant in Haiphong, Vietnam SHANGHAI, China, March 29, 2018 (GLOBE NEWSWIRE) — Asia represents one of the strongest growing automotive markets in… Continue reading Press Release – Magna Provides Engineering Expertise to New Automaker VinFast