(Reuters) – Canada’s Magna International on Thursday raised its sales forecast for fiscal 2025, on the back of sustained demand for parts, sensors and electrified powertrain systems. Demand for parts and sensors has picked up as automakers strive to push out more electrified vehicles with advanced driver aid systems such as driving monitoring systems, park… Continue reading Magna raises full-year 2025 sales forecast
Tag: Magna
Magna to Hold Virtual Investor Event, Updates 2025 Outlook
Magna International Inc. Company to present its unique market position and progress on its Go-Forward Strategy Well positioned for transforming industry and growth in addressable markets Updated 2025 outlook reflects active safety acquisition AURORA, Ontario, Sept. 07, 2023 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG, NYSE: MGA), a mobility technology company and global leader… Continue reading Magna to Hold Virtual Investor Event, Updates 2025 Outlook
Magna to Hold Virtual Investor Event, Updates 2025 Outlook
Company to present its unique market position and progress on its Go-Forward Strategy Well positioned for transforming industry and growth in addressable markets Updated 2025 outlook reflects active safety acquisition AURORA, Ontario, Sept. 07, 2023 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG, NYSE: MGA), a mobility technology company and global leader in the automotive… Continue reading Magna to Hold Virtual Investor Event, Updates 2025 Outlook
Global Automotive Electronics Market Report 2023: Key Players Include Continental, Bosch, and Sony
DUBLIN, Sept. 6, 2023 /PRNewswire/ — The “Global Automotive Electronics Market Size, Share & Industry Trends Analysis Report By Application (Safety Systems, Powertrain Electronics, Infotainment, ADAS and Body Electronics), By Sales Channel, By Component, By Regional Outlook and Forecast, 2023 – 2030” report has been added to ResearchAndMarkets.com’s offering. The Global Automotive Electronics Market is projected… Continue reading Global Automotive Electronics Market Report 2023: Key Players Include Continental, Bosch, and Sony
Europa Wire: ANDRITZ’s Advanced Rolling Mill to Boost ArcelorMittal’s E-Mobility Initiatives000759
6-high cold rolling mill © ANDRITZ (IN BRIEF) ANDRITZ, a leading international technology group, has secured a major contract from ArcelorMittal in France to provide a cutting-edge reversible 6-high cold-rolling mill for processing high-grade non-oriented silicon steel strip (NGO) used in electric motors for e-mobility. This advanced mill will produce light-gauge strip, crucial for compact… Continue reading Europa Wire: ANDRITZ’s Advanced Rolling Mill to Boost ArcelorMittal’s E-Mobility Initiatives000759
Renault to Resume Marketing Drive for EV IPO: Munich Update
(Bloomberg) — Europe’s automakers are showing off their latest battery-powered vehicles at the IAA Mobility car show this week as they try to challenge Tesla Inc. and fend off growing competition from China. Most Read from Bloomberg The number of Chinese companies at this year’s IAA has more than doubled compared to just two years… Continue reading Renault to Resume Marketing Drive for EV IPO: Munich Update
Global Electric Powertrain Market to Reach $260.91 Billion by 2030: Players Include BorgWarner, Gentex, Continental and Cummins
DUBLIN, Sept. 5, 2023 /PRNewswire/ — The “Electric Powertrain Market Size, Share & Trends Analysis Report By Electric Vehicle (BEV, HEV/PHEV), By Component (Motor/Generator, Battery, Power Electronics Controller), By Region, And Segment Forecasts, 2023 – 2030” report has been added to ResearchAndMarkets.com’s offering. The global electric powertrain market is projected to achieve a size of USD… Continue reading Global Electric Powertrain Market to Reach $260.91 Billion by 2030: Players Include BorgWarner, Gentex, Continental and Cummins
LG Magna e-Powertrain Expands Footprint With New Facility in Hungary
September 4, 2023 LG Magna e-Powertrain Expands Footprint With New Facility in Hungary Open share list Share this content. Joint Venture Adds 4th Production Facility to SupportContinued Growth in EV Market MUNICH, Sep. 4, 2023 – LG Magna e-Powertrain, the Joint Venture (JV) between LG Electronics (LG) and Magna (Magna) formed in 2021, announced at IAA… Continue reading LG Magna e-Powertrain Expands Footprint With New Facility in Hungary
Magna Brings Next Generation Front Camera Module to Market With European OEM
Magna’s Gen5 system delivers a scalable, one-box front camera module delivering long range perception and side detection High-volume award to equip various platforms across regions and vehicle models over the next few years Production set to begin in late September 2023 SAILAUF, Germany, Sept. 04, 2023 (GLOBE NEWSWIRE) — During its IAA Mobility 2023 press… Continue reading Magna Brings Next Generation Front Camera Module to Market With European OEM
LG Magna e-Powertrain Expands Footprint With New Facility in Hungary
MUNICH, Germany, Sept. 04, 2023 (GLOBE NEWSWIRE) — LG Magna e-Powertrain, the Joint Venture (JV) between LG Electronics (LG) and Magna (Magna) formed in 2021, announced at IAA Mobility 2023 that it is expanding its footprint with a new facility in Miskolc, Hungary. The facility will be in Miskolc’s industrial area which features well-developed infrastructure and… Continue reading LG Magna e-Powertrain Expands Footprint With New Facility in Hungary