• Magna hosts 7th annual Drivetrain Forum• Event showcases latest powertrain developments • Magna demonstrates comprehensive systems expertise Please click HERE for a PDF version of the release. SAILAUF, Germany, May 18, 2018 — In the coming years, there could be up to 48 variations of powertrain architectures available. Additionally, legislative requirements for CO2 emissions, changing… Continue reading News Release – Magna’s “Powertrain Meets Future” Drivetrain Forum Brings Industry Together
Tag: Magna
Mercedes-Benz starts the production of the new G-Class in Graz (Austria)
Posted 05/18/2018 11: 39: 23CET STUTTGART (GERMANY), 18 May. (EUROPA PRESS) – The Mercedes-Benz automotive company has started production of the new G-Class at the Magma Steyr factory in Graz, Austria, where this model has been produced since 1979, the company announced in a statement. As Mercedes-Benz points out, the proximity between the subsidiary of… Continue reading Mercedes-Benz starts the production of the new G-Class in Graz (Austria)
News Release – Renesas and Magna Bring Advanced Safety Features to More Vehicle Segments and Customers
Cost-Efficient 3D Surround View System for Mass-Produced Vehicles Please click HERE for the PDF of the release. TOKYO, Japan, AURORA, Canada, May 17, 2018 ―Renesas Electronics Corporation (TSE: 6723), an industry-leading supplier of automotive semiconductor solutions, and Magna, a mobility technology company and one of the world’s largest automotive suppliers, aim to accelerate the mass… Continue reading News Release – Renesas and Magna Bring Advanced Safety Features to More Vehicle Segments and Customers
Magna to supply structural castings to JLR from new plant in the UK
Magna has opened an aluminium casting facility in Telford, England, which will supply structural castings to Jaguar Land Rover, a leading vehicle manufacturer in the UK and Magna’s long-time customer. The new facility is approximately 225,000 square feet and is expected to employ 300 people. Magna management was joined by Jaguar Land Rover executives and… Continue reading Magna to supply structural castings to JLR from new plant in the UK
Press Release – Magna Announces Record First Quarter Results
Please click HERE for a PDF version of the release. Record quarterly sales, up 21% year over year to $10.79 billion Record quarterly diluted earnings per share of $1.83, increased 21% Cash provided from operating activities of $577 million, up 26%, a first quarter record Paid dividends of $118 million and returned $103 million to… Continue reading Press Release – Magna Announces Record First Quarter Results
News Release – Magna Opens New Aluminum Casting Facility in the U.K.
• New facility to supply structural castings to Jaguar Land Rover• Aluminum structural castings help reduce vehicle weight and complexity• 225,000-square-foot facility, employing approximately 300 people Please click HERE for a PDF version of the release. SAILAUF, Germany, May 8, 2018 – Magna has opened an aluminum casting facility in Telford, England, which will supply… Continue reading News Release – Magna Opens New Aluminum Casting Facility in the U.K.
Lyft partners with Udacity to hire self-driving car engineers
Lyft is teaming up with Udacity to find talent for its Level 5 autonomous driving engineering team. The partnership entails a challenge designed to identify the best candidates in Udacity’s self-driving car engineer nanodegree program. Called the Lyft Perception Challenge, the idea is to test problem-solving skills around perception for autonomous vehicles. The competition, which… Continue reading Lyft partners with Udacity to hire self-driving car engineers
Press Release – Annual Meeting of Shareholders and Notice of Conference Call for First Quarter 2018 Results
Please click HERE for a PDF version of the release. AURORA, Ontario, April 27, 2018 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA) ANNUAL MEETING OF SHAREHOLDERS THURSDAY – MAY 10, 2018 10:00 AM ET HILTON TORONTO/MARKHAM SUITES CONFERENCE CENTRE 8500 Warden Avenue, Markham, Ontario, Canada Webcast: www.magna.com FIRST QUARTER 2018… Continue reading Press Release – Annual Meeting of Shareholders and Notice of Conference Call for First Quarter 2018 Results
BMW Teams up With Innoviz to Bring Solid State LiDAR to Its Future Self-Driving Cars
The Germans may be getting ready to outfit their upcoming fleet of autonomous cars with new sensors. via Innoviz BMW has been one of the more quiet manufacturers dabbling in autonomy this past year. Despite it looking to deliver a fully self-driving car as early as 2021, the German automaker has been very tightlipped on… Continue reading BMW Teams up With Innoviz to Bring Solid State LiDAR to Its Future Self-Driving Cars
Solid-State LiDAR from Magna & Innoviz for BMW Group
On the road to developing autonomous technologies, perhaps nothing is more important than the vehicle being able to see the world around it. To help meet this challenge, Magna and its partner, Innoviz Technologies, will supply the BMW Group with solid-state LiDAR for upcoming autonomous vehicle production platforms. Magna and its partner, Innoviz Technologies, will… Continue reading Solid-State LiDAR from Magna & Innoviz for BMW Group