Tag: Magna

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, July 23, 2021 /PRNewswire/ — Magna International Inc. (TSX: MG;NYSE: MGA) and Veoneer,… Continue reading Magna to acquire Veoneer, positioning Magna’s ADAS business as a global leader in a fast-growing industry

Fisker to debut Ocean EV at LA Auto Show, expand global retail presence in 2022

Fisker Inc. has recently shared plans to debut its upcoming Ocean SUV during the 2021 Los Angeles Auto Show, taking place this November. Furthermore, the born-again EV automaker has also shared a timeline for global “Brand Experience Centers,” set to roll out in the US and Europe in 2022. Fisker Inc. ($FSR) is an EV… Continue reading Fisker to debut Ocean EV at LA Auto Show, expand global retail presence in 2022

EV growth propels Denso to close value gap with Honda and Ford

NAGOYA — Is a car worth more than the sum of its parts? This is a question posed by Japanese automotive supplier Denso’s near dead heat in market capitalization with Honda Motor and Ford Motor. Denso’s market cap stood at 5.78 trillion yen ($52.59 billion) as of Thursday, roughly 70% higher than a year earlier. Honda’s… Continue reading EV growth propels Denso to close value gap with Honda and Ford

Under the skin: We need to torque about Audi’s new drift tech

The forthcoming new Audi RS3 comes equipped with a new Torque Splitter rear-axle torque-vectoring system that does away with rear differential gears and replaces them with two ‘wet’ clutch packs. The downside of a conventional differential is that it allows one wheel to spin if it loses traction, and in powerful cars that becomes a… Continue reading Under the skin: We need to torque about Audi’s new drift tech

@niche: REE Automotive announces body partnership with EAVX001044

Israeli start-up REE Automotive has partnered with a major US commercial-vehicle bodywork supplier as it targets the e-mobility market with a new platform. EAVX, owned by JB Poindexter, will collaborate with REE Automotive to develop commercial electric work trucks. Initially, REE and EAVX will work on a “next-generation” walk-in van for the US delivery market,… Continue reading @niche: REE Automotive announces body partnership with EAVX001044

New 2022 Ineos Grenadier 4×4 interior revealed with focus on practicality

Ineos Automotive has unveiled the interior design and initial specifications for the Grenadier off-roader, with the utility vehicle focusing on a rugged approach that mixes practicality and durability with the latest technology and plenty of comfort, the company claims. Almost every element of the Grenadier has been designed from a clean sheet of paper, including… Continue reading New 2022 Ineos Grenadier 4×4 interior revealed with focus on practicality

Fisker teams undertake Ocean SUV manufacturing review at Magna plant

EV manufacturer Fisker Inc today took another significant step forward towards the start of production for the Fisker Ocean SUV with the official opening of several Fisker-dedicated operational areas at Magna’s world-class manufacturing facility in Graz, Austria. Fisker CEO and chairman, Henrik Fisker, was onsite in Graz with teams from engineering, manufacturing, purchasing and quality… Continue reading Fisker teams undertake Ocean SUV manufacturing review at Magna plant

Fisker and Magna sign long-term agreement, including production of Ocean SUV in fall 2022

In a recent announcement, Fisker and Magna International Inc. have finalized a long-term manufacturing agreement. The binding agreement coincides with previous agreements between both parties regarding EV platform sharing and ADAS systems. As part of the latest agreement, Magna will produce Fisker’s upcoming electric Ocean SUV in November 2022. Fisker Inc. is an EV startup… Continue reading Fisker and Magna sign long-term agreement, including production of Ocean SUV in fall 2022

The Station: Waymo nabs more capital, Cruise taps a $5B credit line and hints about Argo’s future

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to… Continue reading The Station: Waymo nabs more capital, Cruise taps a $5B credit line and hints about Argo’s future