Aug 8 (Reuters) – Canadian auto parts maker Magna International Inc reported a 14.2 percent rise in quarterly profit on Wednesday, driven by strong sales across Europe. Net income attributable to Magna rose to $626 million or $1.77 per share, in the second quarter ended June 30, from $548 million, or $1.44 per share, a… Continue reading Canada’s Magna International quarterly profit rises 14 pct
Tag: Magna
Meet the RUF-Powered, Magna-Engineered W Motors Fenyr
For Middle-Eastern investors, being a supercar maker seems to be all about pushing through their preferred design, while engineering is outsourced to far more experienced companies. Proving my point the best is the (supposedly) 300 mile per hour Devel Sixteen, which is being developed by Paolo Garella’s company, Manifattura Automobili Torino. But it’s the same… Continue reading Meet the RUF-Powered, Magna-Engineered W Motors Fenyr
Magna-BAIC deal raises prospects for an ‘automotive Foxconn’ in China
July 23, 2018 In China, where the future of the car is looking more and more electric, newcomers to the auto industry are looking for partners to help them build their vehicles. Enter Canadian auto supplier Magna International which aims to spearhead a shift to contract vehicle manufacturing through its new partnership with state-owned Chinese… Continue reading Magna-BAIC deal raises prospects for an ‘automotive Foxconn’ in China
VinFast, Vietnamese builder, will be at the World
VinFast, a new manufacturer on the automotive world, has chosen the Paris scene for its first international show. He will present two models and his ambitions. Except in China, the creation of a new manufacturer has become rare and quite difficult. Attempts have been regular and the example of Qoros is back in the lead.… Continue reading VinFast, Vietnamese builder, will be at the World
VinFast cars enjoy intellectual property protection in EU
HÀ NỘI — The European Union Intellectual Property Office (EUIPO) has granted certification of intellectual protection to two models of sedan and SUV cars produced by VinFast Manufacturing and Trading Company Limited (VinFast). The initial term of protection is five years and can be extended four times. This means during the total protection period of… Continue reading VinFast cars enjoy intellectual property protection in EU
Magna to Jointly Engineer and Build Premium Electric Vehicles for Customers in China
Forming two Joint Ventures with Beijing Electric Vehicle Co.Facility can support up to 180,000 annual vehicle capacityJV is capable of supporting the needs of additional customersSHANGHAI, China, June 18, 2018 (GLOBE NEWSWIRE) — Magna today announced its intention to form two new joint ventures with Beijing Electric Vehicle Co. Ltd (BJEV) for complete vehicle manufacturing… Continue reading Magna to Jointly Engineer and Build Premium Electric Vehicles for Customers in China
Technology Game Changer: Magna’s 48-Volt Transfer Case Leads Array of CO2-Fighting Products
One of the auto industry’s first 48-volt mild-hybrid transfer casesAchieves up to 10% CO2 savings compared to a two-wheel drive systemCan be easily integrated into existing drivetrainsSAILAUF, Germany, June 14, 2018 (GLOBE NEWSWIRE) — Magna is on the fast track to vehicle electrification. With its all-new industry-leading 48-volt transfer case and an array of other… Continue reading Technology Game Changer: Magna’s 48-Volt Transfer Case Leads Array of CO2-Fighting Products
Magna Develops Comfort+ Door Latch to Improve Door Quality and Cabin Quietness
Reduces effort needed to open and close a car door by 40-60 percentAllows increased sealing to create a quieter cabin – a key factor in driver satisfaction ratingsWill enter the market on future models with a European automakerAURORA, Ontario, May 23, 2018 (GLOBE NEWSWIRE) — For automakers, two key customer satisfaction considerations are the feel… Continue reading Magna Develops Comfort+ Door Latch to Improve Door Quality and Cabin Quietness
Canada’s Magna forms JVs to make electric cars in China
(Reuters) – Canadian auto parts supplier Magna International Inc (MG.TO) said on Monday it would set up two joint ventures with Beijing Electric Vehicle Co to build electric cars in China. FILE PHOTO – Magna International Inc. CEO Donald Walker speaks to shareholders at the company’s annual general meeting in Toronto May 10, 2012. REUTERS/Fred… Continue reading Canada’s Magna forms JVs to make electric cars in China
Press Release – Magna to Jointly Engineer and Build Premium Electric Vehicles for Customers in China
Please click HERE for a PDF version of the release. Forming two Joint Ventures with Beijing Electric Vehicle Co. Facility can support up to 180,000 annual vehicle capacity JV is capable of supporting the needs of additional customers SHANGHAI, China, June 18, 2018 — Magna today announced its intention to form two new joint ventures… Continue reading Press Release – Magna to Jointly Engineer and Build Premium Electric Vehicles for Customers in China