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
Tag: Magna
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
Magna International: Q2 Earnings Insights
Shares of Magna International (NYSE:MGA) moved higher by 2.8% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were down 207.55% over the past year to ($1.71), which missed the estimate of ($1.63). Revenue of $4,293,000,000 declined by 57.60% year over year, which beat the estimate of $4,140,000,000. Looking Ahead… Continue reading Magna International: Q2 Earnings Insights
Magna Announces Second Quarter 2020 Results
Light vehicle production in North America and Europe, our most significant production markets, down 70% and 59%, respectively; global light vehicle production down 42%Estimated COVID-19 impacts of approximately $5.5 billion on sales, $1.2 billion on both income from operations before income taxes and Adjusted EBITSales of $4.3 billion decreased 58%, diluted (loss) earnings per share… Continue reading Magna Announces Second Quarter 2020 Results
@BMW: Mapillary joining Facebook on the journey of improving maps everywhere000435
“Mapillary is a street-level imagery platform, powered by collaboration and computer vision”. That’s how Jan Erik Solem pitched Mapillary late 2017. Being freshly done with our deep dive into high-definition mapping, we were convinced that Mapillary’s ambitious mission aligned well with our investment thesis. We were impressed with Mapillary’s world-class team, unique data acquisition strategy… Continue reading @BMW: Mapillary joining Facebook on the journey of improving maps everywhere000435