Author: Magna International Official News

News Release – First-Ever All-Electric Jaguar Unveiled at Magna

Please click HERE for a PDF version of the release. World premiere of the Jaguar I-PACE Magna is only contract manufacturer that can build vehicles across a range of propulsion systems Second Jaguar model that will be built by Magna GRAZ, Austria, March 02, 2018  — Magna’s complete vehicle manufacturing facility in Graz, Austria, hosted… Continue reading News Release – First-Ever All-Electric Jaguar Unveiled at Magna

News Release – Magna to Hold Investor Day

Please click HERE for a PDF version of the release. AURORA, Ontario, Feb. 27, 2018 (GLOBE NEWSWIRE) — On Wednesday, February 28, 2018, Magna International Inc. (TSX:MG) (NYSE:MGA), a technology company and global leader in the automotive industry, will hold an Investor Day event.  Magna management will present on the state of the company, how… Continue reading News Release – Magna to Hold Investor Day

MAGNA BECOMES BIGGEST SUPPLIER OF MANUAL TRANSMISSIONS FOR LIGHT COMMERCIAL VEHICLES IN EUROPE

,” 3,500 square meters expansion accommodates new Light Commercial Vehicle (LCV) business The new facility to produce additional 150,000 transmissions per year, This makes Magna the largest supplier in Europe of manual transmission for the LCV segment Growth is a testament to expertise in transmissions

Magna is on board of the Ford S-Max: Global market leader supplies drivetrain and cameras

SAILAUF, GERMANY, 22 August 2016 – Magna International Inc. has equipped the new Ford S-MAX Vignale with innovative technologies. The sophisticated sports activity vehicle comes with the EYERIS® electronic vision system and a transmission made by recently acquired subsidiary GETRAG.

News Release – Geneva Motor Show: Magna Offers Unique Expertise in Complete Vehicle Manufacturing

Please click HERE for a PDF version of the release. Magna’s exhibit located in Hall 6, Booth 6261 Only contract manufacturer to produce vehicles with different powertrains on a single production line Networked smart factory provides efficient and competitive operations SAILAUF, Germany, Feb. 26, 2018 (GLOBE NEWSWIRE) — Magna International helps shape future mobility across… Continue reading News Release – Geneva Motor Show: Magna Offers Unique Expertise in Complete Vehicle Manufacturing

Press Release – Magna Announces Fourth Quarter and 2017 Results and Raises Quarterly Cash Dividend by 20%

Please click HERE for a PDF version of the release. Fourth Quarter 2017 Highlights Record sales of $10.4 billion, up 12% from the fourth quarter of 2016 Record diluted earnings per share of $1.53, an increase of 23% Cash from operations of $1.4 billion Returned $461 million to shareholders through share repurchases and dividends Raises… Continue reading Press Release – Magna Announces Fourth Quarter and 2017 Results and Raises Quarterly Cash Dividend by 20%

MAGNA DUAL-CLUTCH TRANSMISSION HELPS LOWER EMISSIONS AND IMPROVE DRIVING DYNAMICS

SAILAUF, Germany, Jan., 29th 2018 Stricter emission legislation has become one of the major challenges for global car manufacturers. To help achieve these emission goals and to improve the dynamic driving experience, Magna will support the BMW Group´s large-volume transverse vehicle platform (UKL) with its third generation dual-clutch transmissions (DCT), the GETRAG 7DCT300. BMW Group´s… Continue reading MAGNA DUAL-CLUTCH TRANSMISSION HELPS LOWER EMISSIONS AND IMPROVE DRIVING DYNAMICS

News Release – Magna Debuts Active Air Dam on 2019 Ram Pickup

Industry-first high-volume active air dam Redirects airflow to reduce drag and improve fuel economy Smart actuators deploy the system automatically DETROIT, MI, Jan. 17, 2018 /PRNewswire/ – Magna showed its growing range of active aerodynamic systems at the North American International Auto Show in Detroit, with an active air dam launching on the 2019 Ram… Continue reading News Release – Magna Debuts Active Air Dam on 2019 Ram Pickup

Press Release – Magna Announces Outlook

Please click HERE for a PDF version of the release. Continuing to grow sales faster than vehicle production through 2020 Accelerating free cash flow1 in 2018-2020 period AURORA, ON, Jan. 16, 2018 /CNW/ – Magna International Inc. (TSX: MG; NYSE: MGA) today announced its financial outlook for 2018 and 2020.  “The pace of change in… Continue reading Press Release – Magna Announces Outlook