Magna EtelligentEco Magna EtelligentEco connected PHEV Magna EtelligentEco connected PHEV Magna EtelligentReach Magna EtelligentReach next gen AWD eDrive Magna EtelligentReach next gen AWD eDrive ARJEPLOG, Sweden, March 04, 2021 (GLOBE NEWSWIRE) — Magna’s roadmap to e-mobility now includes the company’s all-new connected PHEV drivetrain and next gen battery electric drive systems. Debuting today, both systems… Continue reading Magna Leverages Cloud Connectivity and Advanced E-Mobility Innovations to Decrease Emissions and Increase Range
Tag: Magna
Is Magna (MGA) a Great Value Stock Right Now?
South China Morning Post China overtakes US to host most dollar billionaires as 2020 stock market rally defied Covid-19 and minted wealth at a record pace One in every two newly minted dollar-denominated billionaires last year were in China, the first country to exit from a nationwide pandemic lockdown and the only major economy to… Continue reading Is Magna (MGA) a Great Value Stock Right Now?
Fisker gives up on solid-state batteries after announcing ‘breakthrough’ with ‘500 miles range & 1-min charging’
Fisker says that it has given up on solid-state batteries after having announced a “breakthrough” that was supposed to enable “500 miles of range and 1-minute charging” in its electric cars. After relaunching his electric vehicle startup, Henrik Fisker started making a lot of very ambitious claims about the capabilities of the new company’s future… Continue reading Fisker gives up on solid-state batteries after announcing ‘breakthrough’ with ‘500 miles range & 1-min charging’
Inside the industry: Can Bollore really Reimagine JLR?
So large was the recent explosion of news detonated by Jaguar Land Rover that the boom is still resonating. While lots was revealed in Thierry Bolloré’s first public outing as JLR CEO, here are some of the questions that we feel still need answers. Why cancel the new Jaguar XJ, nigh-on complete at an estimated investment… Continue reading Inside the industry: Can Bollore really Reimagine JLR?
Magna to Deliver 3D Surround View With Next-Gen Cameras and Electronic Control Units
New business with multiple global automakers starts in 2022Technology allows drivers to see surroundings all around the vehicleEnables safer, more convenient driving and parkingAURORA, Ontario, Feb. 25, 2021 (GLOBE NEWSWIRE) — Global automakers will soon be able to offer 3D surround-view systems in more vehicles, thanks to Magna’s new surround view cameras and electronic control… Continue reading Magna to Deliver 3D Surround View With Next-Gen Cameras and Electronic Control Units
2021 Ineos Grenadier off-roader enters next prototype phase – CarAdvice
More than 80 prototypes will be built as part of a global testing and validation program. The 2021 Ineos Grenadier, hailed by many as the spiritual successor to the old-school Land Rover Defender, is one step closer to becoming a reality. After securing the old ‘Smartville’ production facility in France for building the rough-and-tumble four-wheel… Continue reading 2021 Ineos Grenadier off-roader enters next prototype phase – CarAdvice
Magna International to open facility, invest $70.1M in St. Clair
A division of Magna International plans to open a facility in the city of St. Clair to build battery enclosures for the 2022 GMC Hummer electric pickup, which will be produced at General Motors’ Factory Zero in Detroit and Hamtramck, according to the office of Gov. Gretchen Whitmer. The $70.1 million investment is expected to… Continue reading Magna International to open facility, invest $70.1M in St. Clair
Magna Announces Fourth Quarter 2020 Results and Outlook
Fourth Quarter 2020 HighlightsSales of $10.6 billion increased 12%, compared to higher global light vehicle production of 4%Diluted earnings per share of $2.45, compared to $1.43 in the fourth quarter of 2019Adjusted diluted earnings per share of $2.83, more than double the fourth quarter of 2019Cash from operating activities of $2.3 billion, compared to $1.7… Continue reading Magna Announces Fourth Quarter 2020 Results and Outlook
REE Automotive to set up engineering centre at UK’s MIRA Technology Park
Israel-based REE Automotive, which recently announced its merger with 10X Capital Venture Acquisition to go public, has announced setting up of a new state-of-the-art Engineering Centre of Excellence in MIRA Technology Park in the UK. The new centre will expedite REE’s strategic plans to meet anticipated global demand for its REEcorner and electric vehicle (EV)… Continue reading REE Automotive to set up engineering centre at UK’s MIRA Technology Park
Magna (MGA) Reports Next Week: Wall Street Expects Earnings Growth
Wall Street expects a year-over-year increase in earnings on higher revenues when Magna (MGA) reports results for the quarter ended December 2020. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The… Continue reading Magna (MGA) Reports Next Week: Wall Street Expects Earnings Growth