Kotagiri, current Magna President and 21-year company veteran, to succeed Don WalkerWalker to retire at end of 2020 after 15 consecutive years as CEO, 33 years with MagnaMedia conference call to be held today, October 20, at 8 a.m. EDTAURORA, Ontario, Oct. 20, 2020 (GLOBE NEWSWIRE) — Magna announced today that its Board of Directors… Continue reading Magna Names Seetarama (Swamy) Kotagiri Chief Executive Officer
Tag: Magna
Analyst Report: Magna International Inc.
TipRanks The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’ Markets thrive on risk, but risk is hard to talk about. It’s easy to fall back on cliches – buy low and sell high, or the bulls and bears make money while the pigs get slaughtered – but those cliches have drifted into… Continue reading Analyst Report: Magna International Inc.
World NM: Magna to build startup Fisker’s electric SUV000282
Startup California-based car brand Fisker Inc. has struck a deal with automotive contract manufacturer Magna International Inc. to manufacture the Ocean SUV in Europe starting in late 2022, the companies announced Thursday. The partnership is similar to the one Nikola Motors agreed to with General Motors in September for the Badger pickup but has not yet closed following… Continue reading World NM: Magna to build startup Fisker’s electric SUV000282
Magna to Cooperate With Fisker on Engineering and Manufacturing of the Fisker Ocean
Magna to contract manufacture Fisker Ocean in EuropeFisker to leverage Magna’s EV architectureMagna portfolio scalable to meet future mobility needsAURORA, Ontario, Oct. 15, 2020 (GLOBE NEWSWIRE) — As part of Magna’s strategic direction to support traditional automakers as well as new entrants, the company announced today that it has signed agreements with Fisker Inc. that… Continue reading Magna to Cooperate With Fisker on Engineering and Manufacturing of the Fisker Ocean
Innoviz sees lower lidar costs accelerating autonomous car development
By Reuters Staff 2 Min Read FILE PHOTO: Omer Keilaf, CEO of Israeli firm, Innoviz Technologies, speaks during an interview with Reuters at the Smart Mobility Summit in Tel Aviv, Israel October 30, 2018. REUTERS/Nir Elias TEL AVIV (Reuters) – Israeli lidar maker Innoviz Technologies said price reductions for the laser-based sensors will be key… Continue reading Innoviz sees lower lidar costs accelerating autonomous car development
Innoviz Technologies stellt seine nächste Generation, InnovizTwo, vor, die die Industrie auf dem Weg zum autonomen Fahren beschleunigen und sichere Mobilität für alle ermöglichen wird
Obwohl die Automobilindustrie auf dem besten Weg in eine hochautomatisierte Zukunft ist, wird es bis dahin noch einige Jahre dauern. Heute sind selbst die fortschrittlichsten L2+1-Plattformen noch mit technischen Einschränkungen konfrontiert, die zu Sicherheitsproblemen führen, das Wachstum behindern und die langfristige Erreichung eines höheren Automatisierungsgrad unmöglich machen. Nur ausgewählte Automobilhersteller sind in der Lage, den… Continue reading Innoviz Technologies stellt seine nächste Generation, InnovizTwo, vor, die die Industrie auf dem Weg zum autonomen Fahren beschleunigen und sichere Mobilität für alle ermöglichen wird
Magna Deepens Partnership With Honglizhixin to Bolster Seating Capabilities in China
Magna to acquire majority ownershipIncreases footprint with Honglizhixin from two to 12 manufacturing plantsDemonstrates commitment to grow in the China marketSHANGHAI, Sept. 03, 2020 (GLOBE NEWSWIRE) — Magna has signed an agreement to acquire majority ownership of Honglizhixin (HLZX), a major seat supplier to Chinese automakers. The acquisition will expand Magna’s seating capabilities across China.… Continue reading Magna Deepens Partnership With Honglizhixin to Bolster Seating Capabilities in China
Magna Builds Its Electric Future by Making Cars for Start-Ups That Can’t
The big global Canadian auto-parts giant has the assets to build vehicles for companies that want to go asset light, from global car companies to electric-vehicle start-ups. That could give it a major role in the future, and as car sales recover, a higher share price. Go to Source
INEOS Wins U.K. Legal Challenge to Totally-Not-a-Defender Grenadier SUV – Car and Driver
INEOS owner Jim Ratcliffe once tried to buy the rights to keep building the original Land Rover Defender. JLR didn’t approve the deal, so INEOS went ahead with an alternate-reality version called the Grenadier. This week, a court dismissed JLR’s appeal of the U.K. Intellectual Property Office’s decision that not everyone knows or cares what… Continue reading INEOS Wins U.K. Legal Challenge to Totally-Not-a-Defender Grenadier SUV – Car and Driver
Fisker says has tentative deal for Magna to build its electric SUV in Austria
DETROIT, Aug 7 (Reuters) – Electric carmaker Fisker Inc, which recently announced plans to go public through a merger with a so-called blank-check company, said on Friday it has a tentative deal for Canadian auto supplier Magna International Inc to build its Ocean electric SUV. Fisker said in a statement that it expects to reach… Continue reading Fisker says has tentative deal for Magna to build its electric SUV in Austria