Please click HERE for a PDF version of the release. Fourth Quarter 2017 Highlights Record sales of $10.4 billion, up 12% from the fourth quarter of 2016 Record diluted earnings per share of $1.53, an increase of 23% Cash from operations of $1.4 billion Returned $461 million to shareholders through share repurchases and dividends Raises… Continue reading Press Release – Magna Announces Fourth Quarter and 2017 Results and Raises Quarterly Cash Dividend by 20%
Tag: Magna
A new ‘ultra fast’ electric car charging network in Europe receives backing from Renault-Nissan
Europe is starting to get more than its fair share of electric car fast-charging networks – making the rest of the EV world jealous and now we learn of again a new one as French automaker Renault announces its backing of the project. Home Solar Power The network, called E-VIA FLEX-E, was actually announced in December, but… Continue reading A new ‘ultra fast’ electric car charging network in Europe receives backing from Renault-Nissan
NVIDIA will power Continental’s self-driving car platform
Rick Wilking / Reuters German automotive components producer Continental has partnered with NVIDIA to produce a full-scale self-driving car platform. It will use the GPU maker’s autonomous vehicle hardware and software setup, DRIVE, to make a unified platform that prospective automakers and others can build their own self-driving cars upon. NVIDIA will provide the Xavier… Continue reading NVIDIA will power Continental’s self-driving car platform
MAGNA DUAL-CLUTCH TRANSMISSION HELPS LOWER EMISSIONS AND IMPROVE DRIVING DYNAMICS
SAILAUF, Germany, Jan., 29th 2018 Stricter emission legislation has become one of the major challenges for global car manufacturers. To help achieve these emission goals and to improve the dynamic driving experience, Magna will support the BMW Group´s large-volume transverse vehicle platform (UKL) with its third generation dual-clutch transmissions (DCT), the GETRAG 7DCT300. BMW Group´s… Continue reading MAGNA DUAL-CLUTCH TRANSMISSION HELPS LOWER EMISSIONS AND IMPROVE DRIVING DYNAMICS
News Release – Magna Debuts Active Air Dam on 2019 Ram Pickup
Industry-first high-volume active air dam Redirects airflow to reduce drag and improve fuel economy Smart actuators deploy the system automatically DETROIT, MI, Jan. 17, 2018 /PRNewswire/ – Magna showed its growing range of active aerodynamic systems at the North American International Auto Show in Detroit, with an active air dam launching on the 2019 Ram… Continue reading News Release – Magna Debuts Active Air Dam on 2019 Ram Pickup
Press Release – Magna Announces Outlook
Please click HERE for a PDF version of the release. Continuing to grow sales faster than vehicle production through 2020 Accelerating free cash flow1 in 2018-2020 period AURORA, ON, Jan. 16, 2018 /CNW/ – Magna International Inc. (TSX: MG; NYSE: MGA) today announced its financial outlook for 2018 and 2020. “The pace of change in… Continue reading Press Release – Magna Announces Outlook
Magna Announces Outlook
Continuing to grow sales faster than vehicle production through 2020 Accelerating free cash flow1 in 2018-2020 period AURORA, ON, Jan. 16, 2018 /PRNewswire/ – Magna International Inc. (TSX: MG; NYSE: MGA) today announced its financial outlook for 2018 and 2020. Don Walker, Magna’s Chief Executive Officer (CNW Group/Magna International Inc.) Vince Galifi, Magna’s Chief Financial… Continue reading Magna Announces Outlook
News Release – Magna Unveils High-Definition ICON RADAR – Scans Environment in Four Dimensions
Please click HERE for a PDF version of the release. Magna’s ICON RADAR evolves from advanced technology used by the U.S. military Achieves a range of more than 300 meters and scans the environment 50 times faster than the time it takes to blink an eye Next-gen radar has ultra-fine detection along with improved interference tolerance over… Continue reading News Release – Magna Unveils High-Definition ICON RADAR – Scans Environment in Four Dimensions
Magna Unveils High-Definition Icon Radar – Scans Environment in Four Dimensions
DETROIT, Jan. 15, 2018 /PRNewswire/ – Automakers now have a radar option that leapfrogs the competition as Magna unveiled its ICON RADAR at the North American International Auto Show (NAIAS). Setting a new standard in high-resolution automotive radar, ICON RADAR incorporates advanced technology used by the U.S. military to provide precise detection, extensive range and high… Continue reading Magna Unveils High-Definition Icon Radar – Scans Environment in Four Dimensions
Innoviz Technologies Launches InnovizPro™, a High-Resolution, Solid-State Automotive LiDAR Solution Offering …
LAS VEGAS, Jan. 9, 2018 /PRNewswire/ — Innoviz Technologies, a leading provider of LiDAR sensing solutions, announced today the commercial launch of InnovizPro™, a stand-alone, solid-state, MEMS-based scanning LiDAR solution offering the most accurate and reliable performance of any LiDAR sensor available on the market today. A CES Innovation Awards winner in the Vehicle Intelligence… Continue reading Innoviz Technologies Launches InnovizPro™, a High-Resolution, Solid-State Automotive LiDAR Solution Offering …