US President Donald Trump arrives to speak about the United States – Mexico – Canada agreement, known as USMCA, during a visit to Dana Incorporated, an auto supplier manufacturer, in Warren, Michigan, January 30, 2020. Saul Loeb | Afp | Getty Images DETROIT — President Donald Trump‘s proposed tariffs on goods from Mexico and Canada would hit automotive… Continue reading Auto suppliers face more dire circumstances than automakers amid Trump tariffs
Tag: Contract Manufacturer
Magna and NVIDIA Team Up to Advance Next-Gen Automotive Technologies
Magna to integrate NVIDIA DRIVE AGX, built on DRIVE Thor SoC, for next-generation vehicle intelligence Collaboration to deliver AI-powered, scalable solutions for ADAS and autonomous driving systems, enabling software-defined vehicles In-vehicle accelerated compute platform will enable advanced active safety and comfort functions, interior cabin AI solutions and more AURORA, Ontario, March 18, 2025 (GLOBE NEWSWIRE)… Continue reading Magna and NVIDIA Team Up to Advance Next-Gen Automotive Technologies
Magna to build EVs for Xpeng, GAC in Austria with Chinese kits, report says
Deals with Xpeng and GAC would bring much-needed new business to Magna Steyr’s Graz, Austria, production hub, the vehicle contract manufacturing unit of Magna International. SHANGHAI ― Magna Steyr is about to finalize contracts with Chinese automakers Xpeng and GAC Motor Co. to assemble electric vehicles at its plant in Graz, Austria, with semi-knocked down… Continue reading Magna to build EVs for Xpeng, GAC in Austria with Chinese kits, report says
Magna and NVIDIA Team Up to Advance Next-Gen Automotive Technologies
Magna International Inc. Magna to integrate NVIDIA DRIVE AGX, built on DRIVE Thor SoC, for next-generation vehicle intelligence Collaboration to deliver AI-powered, scalable solutions for ADAS and autonomous driving systems, enabling software-defined vehicles In-vehicle accelerated compute platform will enable advanced active safety and comfort functions, interior cabin AI solutions and more AURORA, Ontario, March 18,… Continue reading Magna and NVIDIA Team Up to Advance Next-Gen Automotive Technologies
Perseus Announces Entry into the EV Market with Plans for a Compact SUV by 2027
Perseus, a British-headquartered premium electric vehicle (EV) brand, has announced its market entry and outlined plans for its first model, a compact SUV, set to launch in European markets by late 2027. The company is adopting a scalable and asset-light business model, securing partnerships with global OEMs and Tier-1 suppliers to support production. Perseus… Continue reading Perseus Announces Entry into the EV Market with Plans for a Compact SUV by 2027
Magna and Nvidia to develop AI-driven next-gen automotive technologies
Magna, a global leader in mobility technology, has announced a program in collaboration with Nvidia to integrate the Nvidia DRIVE AGX platform within the company’s next generation of advanced technology solutions. The next-generation Nvidia DRIVE AGX Thor system-on-a-chip (SoC), which runs the safety-certified DriveOS operating system and is built on the Blackwell GPU architecture, consolidates… Continue reading Magna and Nvidia to develop AI-driven next-gen automotive technologies
SALUTE TO SERVICE: MAHINDRA ANNOUNCES 2025 MILITARY GIVEAWAY WINNER
Mahindra Congratulates 11th Annual Military Salute Giveaway Winner HOUSTON, March 18, 2025 /PRNewswire/ — Mahindra Ag North America (MAgNA) today announced the winner of its Military Salute Giveaway, a tradition that honors the dedication and service of U.S. military personnel. On this National Ag Day, MAgNA is proud to announce the giveaway winner is former… Continue reading SALUTE TO SERVICE: MAHINDRA ANNOUNCES 2025 MILITARY GIVEAWAY WINNER
Magna and NVIDIA Team Up to Advance Next-Gen Automotive Technologies
Magna to integrate NVIDIA DRIVE AGX, built on DRIVE Thor SoC, for next-generation vehicle intelligence Collaboration to deliver AI-powered, scalable solutions for ADAS and autonomous driving systems, enabling software-defined vehicles In-vehicle accelerated compute platform will enable advanced active safety and comfort functions, interior cabin AI solutions and more AURORA, Ontario, March 18, 2025 (GLOBE NEWSWIRE)… Continue reading Magna and NVIDIA Team Up to Advance Next-Gen Automotive Technologies
Stockholders Approve Omnicom’s Proposed Acquisition of Interpublic
Approval marks key milestone in the process to combine the two companies NEW YORK, March 18, 2025 /PRNewswire/ — Omnicom (NYSE: OMC) and Interpublic (NYSE: IPG) today announced that each company’s respective stockholders overwhelmingly approved Omnicom’s previously announced acquisition of Interpublic at each company’s Special Meeting of Stockholders held today. The companies remain on track… Continue reading Stockholders Approve Omnicom’s Proposed Acquisition of Interpublic
Is Now The Time To Look At Buying Magna International Inc. (TSE:MG)?
Magna International Inc. (TSE:MG) received a lot of attention from a substantial price movement on the TSX over the last few months, increasing to CA$64.94 at one point, and dropping to the lows of CA$49.45. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a… Continue reading Is Now The Time To Look At Buying Magna International Inc. (TSE:MG)?