Leading the Future of Mobility

May 9, 2022 Leading the Future of Mobility Open share list Share this content. The future of mobility is just around the corner, with vehicle electrification underway and fully autonomous vehicles getting closer by the day. For some, it may come as a surprise to learn that LG Electronics develops and manufactures many of the… Continue reading Leading the Future of Mobility

Magna’s Surround View System Launches on All-New Toyota Tundra

Features advanced technologies including 3D and 360-degree surround view, trailer guidance, mutli-terrain view, and see-through hood Available in the North American market Offers best-in-class image quality AURORA, Ontario, May 04, 2022 (GLOBE NEWSWIRE) — Magna’s advanced driver assist systems (ADAS) are helping pave the way for global automakers to enhance safety, comfort and convenience. The… Continue reading Magna’s Surround View System Launches on All-New Toyota Tundra

Magna Announces 2022 Annual and Special Meeting Results

AURORA, Ontario, May 03, 2022 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2022 annual and special meeting of shareholders held on May 3, 2022. A total of 232,806,238 Common Shares or 78.92% of our issued and outstanding Common Shares were represented in person or by proxy… Continue reading Magna Announces 2022 Annual and Special Meeting Results

Magna Begins Production of First Mild Hybrid Transverse Transmission for BMW Group

Magna is the exclusive mild hybrid transmission supplier for all front-transverse applications on BMW Group platform Contract extends across multiple models starting with the new BMW 2 Active Tourer Mild hybrid transmission technology significantly reduces CO2 emissions of an internal combustion engine AURORA, Ontario, May 02, 2022 (GLOBE NEWSWIRE) — Magna continues its accelerated transformation… Continue reading Magna Begins Production of First Mild Hybrid Transverse Transmission for BMW Group

@niche: Magna (MGA) Surpasses Q1 Earnings and Revenue Estimates001831

Magna (MGA) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.86 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 21.90%. A quarter ago, it was expected that this… Continue reading @niche: Magna (MGA) Surpasses Q1 Earnings and Revenue Estimates001831

Magna Announces First Quarter 2022 Results

Global light vehicle production was down 7%, largely due to 16% decrease in Europe Sales of $9.6 billion decreased 5% Diluted earnings per share and adjusted diluted earnings per share decreased 40% and 31%, respectively Reduced 2022 outlook to reflect expected lower light vehicle production assumptions and an increase in production input costs AURORA, Ontario,… Continue reading Magna Announces First Quarter 2022 Results

Is The Future Of Supercars Electric? – Forbes

Supercars, and their even more extreme hypercar successors, are the pinnacle of what internal combustion can deliver. Vehicles like the Bugatti Veyron and Chiron, as well as competitors from Swedish Koenigsegg and American SSC, have traded blows over the last couple of decades as the fastest production cars in the world. But they are being… Continue reading Is The Future Of Supercars Electric? – Forbes

Magna’s New Slovakia Facility to Support Growing ADAS and Electrification Market

Facility to produce advanced cameras and electronics for inverters Production expected to start in the fourth quarter of 2022 Up to 600 new jobs expected to be created longer term   AURORA, Ontario, April 21, 2022 (GLOBE NEWSWIRE) — Magna is expanding its ADAS and electrification footprint with the opening of a new plant in Kechnec,… Continue reading Magna’s New Slovakia Facility to Support Growing ADAS and Electrification Market

New electric cars 2022: what’s coming when

Skoda Enyaq vRS: Skoda’s performance vRS badge will arrive for the first time on an electric model, as its answer to the Volkswagen ID 4 GTX. It will be driven by the same powertrain used by the GTX too, so a 0-62mph time of just over 6.0secs and a 300 mile range are expected.  Ssangyong… Continue reading New electric cars 2022: what’s coming when

New cars 2022: what’s coming and when

Fisker Ocean: Given Fisker’s tainted history, it would be easy to dismiss the prospects of this bold new car. But we believe it’s time to start taking Fisker seriously, because the Ocean looks a credible contender in the electric SUV ranks and has some very credible firms involved in its manufacturing and distribution. Revealed in… Continue reading New cars 2022: what’s coming and when