Please click HERE for a PDF version of the release. AURORA, Ontario, March 28, 2018 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA) today announced that its 2017 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company’s website, www.magna.com. … Continue reading Press Release – Magna Posts 2017 Annual Report
Tag: Contract Manufacturer
BMW Sued by U.S. Diesel Drivers Over Emissions-Test Cheating
BMW AG joined the growing list of carmakers sued by U.S. drivers for installing software designed to cheat diesel-emissions tests. Drivers of “tens of thousands” of X5 and 335D model diesel cars built between 2009 and 2011 sued BMW and its technology supplier, Robert Bosch GmbH, alleging they installed algorithms designed to manipulate testing systems,… Continue reading BMW Sued by U.S. Diesel Drivers Over Emissions-Test Cheating
News Release – Magna Celebrates Grand Opening at South Carolina Seat Facility
Please click HERE for a PDF version of the release. First BMW Group seat programs in Magna’s history Plant to expand, create additional jobs Magna’s fourth manufacturing plant in South Carolina AURORA, Ontario, March 26, 2018 (GLOBE NEWSWIRE) — For the first time in its history Magna will supply seats to the BMW Group. Company… Continue reading News Release – Magna Celebrates Grand Opening at South Carolina Seat Facility
Building a Safer Autonomous Future
We are saddened by the tragic accident that claimed the life of a pedestrian in Tempe, Arizona on Monday. This incident should serve as a powerful reminder of how high the stakes are for all of us working on the next generation of connected vehicles. At BlackBerry, we work with Tier 1s, automakers, and other… Continue reading Building a Safer Autonomous Future
Pininfarina will go from designer to automaker with all-EV lineup
Drew Phillips For decades, Pininfarinaa has largely been a design house — it shaped and built cars, but usually under someone else’s name (such as the Ferrari F40). It’s apparently ready to become a full-fledged manufacturer, however, and a thoroughly 21st century one at that. Autocar sources have heard that Pininfarina is launching an all-electric… Continue reading Pininfarina will go from designer to automaker with all-EV lineup
BMW headquarters raided in emissions cheat software hunt
German authorities have raided BMW’s Munich headquarters and its engine plant in Austria to search for evidence of the use of emissions cheat software. A month after the opening of an investigation into the suspected fraud, around 100 law enforcers have raided two of the manufacturer’s largest locations – 4500 employees at the engine plant… Continue reading BMW headquarters raided in emissions cheat software hunt
Quandt heirs receive a billion euro dividend
The billion-euro profit of BMW also pays off for the major shareholders Stefan Quandt and Susanne Klatten. The siblings get a generous payout. The workforce also benefits. Susanne Klatten, Stefan Quandt Wednesday, 21.03.2018 14:27 The siblings Stefan Quandt and Susanne Klatten received from BMW shortly 1.1 billion euros in the account. Background: The car company… Continue reading Quandt heirs receive a billion euro dividend
German prosecutors register BMW headquarters on suspicion of handling emissions
Posted 3/3/2018 6:24:58 PM MUNICH (GERMANY), Mar. 20 (Reuters / EP) – German prosecutors have registered on Tuesday BMW headquarters in Munich on suspicion that the car firm used an “illegal” software capable of manipulating the levels of emissions of their vehicles. Nearly 100 policemen and law enforcement agents recorded the German manufacturer’s facilities in… Continue reading German prosecutors register BMW headquarters on suspicion of handling emissions
UPDATE 1-BMW searched by German police in emissions swoop
FRANKFURT/MUNICH (Reuters) – BMW’s headquarters were raided on Tuesday by German prosecutors investigating the suspected use of illegal emissions control software capable of manipulating exhaust levels. A car with the BMW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst About 100… Continue reading UPDATE 1-BMW searched by German police in emissions swoop
Uber said to be negotiating sale of self-driving tech to Toyota
Uber might begin selling its autonomous driving systems to outside companies, including major automakers, according to a new report from Japan’s Nikkei. The report claims that Uber has had talks with Toyota regarding supplying the automaker with self-driving tech, and that the two are currently in negotiations around how this would work, with talk of… Continue reading Uber said to be negotiating sale of self-driving tech to Toyota