Please click HERE for a PDF version of the release. Reduces effort needed to open and close a car door by 40-60 percent Allows increased sealing to create a quieter cabin – a key factor in driver satisfaction ratings Will enter the market on future models with a European automaker AURORA, Ontario, May 23, 2018… Continue reading News Release – Magna Develops Comfort+ Door Latch to Improve Door Quality and Cabin Quietness
Tag: Contract Manufacturer
Israel’s defense expertise drives tech boom for autonomous cars
SHFAYIM, Israel (Reuters) – Technology that has helped Israel’s military drive tanks, guide and intercept missiles, and keep its computer systems secure is being redeployed in the development of driverless cars. FILE PHOTO: The logo Israeli driverless technology firm Mobileye is seen on the building of their offices in Jerusalem March 13, 2017. REUTERS/Ronen Zvulun/File… Continue reading Israel’s defense expertise drives tech boom for autonomous cars
Lyft hires former Tesla Autopilot manager for self-driving car efforts
Sameer Qureshi has left his role as a senior manager of Tesla Autopilot Programs and has joined Lyft, according to his LinkedIn. We first saw the news over on Electrek. Tesla declined to comment, but Lyft confirmed Qureshi joined the team this week. At Lyft, Qureshi is now director of product for autonomous driving, specifically focused… Continue reading Lyft hires former Tesla Autopilot manager for self-driving car efforts
2021 Jaguar J-Pace moves closer to production with global trademark
Jaguar is working at top speed on an all-new £80,000-plus J-Pace SUV for 2021, designed to beat the Porsche Cayenne at its own game. A global trademark filing for the J-Pace moniker suggests that the model is edging closer to production, having been scooped by Autocar last year. The Range Rover-rivalling SUV will have a brand-new… Continue reading 2021 Jaguar J-Pace moves closer to production with global trademark
Magna and Renesas to develop ADAS system for entry and mid-range vehicles
Magna’s surround view system adopts Renesas’ system-on-chip Japan-based Renesas electronics, an industry-leading supplier of automotive semiconductor solutions, and Canada-based Magna, a mobility technology company and one of the world’s largest automotive suppliers, aim to accelerate the mass adoption of advanced driving assistance system (ADAS) features with a new cost-efficient 3D surround view system designed for… Continue reading Magna and Renesas to develop ADAS system for entry and mid-range vehicles
News Release – Magna’s “Powertrain Meets Future” Drivetrain Forum Brings Industry Together
• 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
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