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
Tag: Contract Manufacturer
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
New ultra-capacitor tech could drastically boost battery EV range
A fast-acting carbon ‘ultra-capacitor’ that could take 30% off the weight of a lithium ion EV battery pack is under development in France. The ultra-capacitor, which is built using carbon and graphene nano-technology, is claimed to store and discharge electrical energy much more quickly than a lithium ion cell. “Our advantage is the speed of charge… Continue reading New ultra-capacitor tech could drastically boost battery EV range
News Release – Magna Opens New Aluminum Casting Facility in the U.K.
• New facility to supply structural castings to Jaguar Land Rover• Aluminum structural castings help reduce vehicle weight and complexity• 225,000-square-foot facility, employing approximately 300 people Please click HERE for a PDF version of the release. SAILAUF, Germany, May 8, 2018 – Magna has opened an aluminum casting facility in Telford, England, which will supply… Continue reading News Release – Magna Opens New Aluminum Casting Facility in the U.K.
Automobili Pininfarina Will Deliver an Electric Hypercar in 2020
The famous Italian styling house won’t just design cars for others any more—it’ll make them itself. @MAROCCIAPHOTO Pininfarina has decades of esteemed automotive design under its belt. Its current Indian ownership, Mahindra & Mahindra concluded that it was time for Pininfarina to graduate from design alone, and begin selling cars under its own name. On… Continue reading Automobili Pininfarina Will Deliver an Electric Hypercar in 2020
Pininfarina: why the design house is making an electric supercar
At Palazzo Barberini in the heart of Rome earlier this month, a handful of billionaires, multimillionaires and, tagging along some distance behind, representatives of the world’s automotive press had their first look at a new £1.7 million hypercar. In the imposingly grand surroundings of the 17th-century palace, now repurposed as a fine art gallery, those… Continue reading Pininfarina: why the design house is making an electric supercar
Lyft partners with Udacity to hire self-driving car engineers
Lyft is teaming up with Udacity to find talent for its Level 5 autonomous driving engineering team. The partnership entails a challenge designed to identify the best candidates in Udacity’s self-driving car engineer nanodegree program. Called the Lyft Perception Challenge, the idea is to test problem-solving skills around perception for autonomous vehicles. The competition, which… Continue reading Lyft partners with Udacity to hire self-driving car engineers
Press Release – Annual Meeting of Shareholders and Notice of Conference Call for First Quarter 2018 Results
Please click HERE for a PDF version of the release. AURORA, Ontario, April 27, 2018 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA) ANNUAL MEETING OF SHAREHOLDERS THURSDAY – MAY 10, 2018 10:00 AM ET HILTON TORONTO/MARKHAM SUITES CONFERENCE CENTRE 8500 Warden Avenue, Markham, Ontario, Canada Webcast: www.magna.com FIRST QUARTER 2018… Continue reading Press Release – Annual Meeting of Shareholders and Notice of Conference Call for First Quarter 2018 Results
BMW Teams up With Innoviz to Bring Solid State LiDAR to Its Future Self-Driving Cars
The Germans may be getting ready to outfit their upcoming fleet of autonomous cars with new sensors. via Innoviz BMW has been one of the more quiet manufacturers dabbling in autonomy this past year. Despite it looking to deliver a fully self-driving car as early as 2021, the German automaker has been very tightlipped on… Continue reading BMW Teams up With Innoviz to Bring Solid State LiDAR to Its Future Self-Driving Cars
Solid-State LiDAR from Magna & Innoviz for BMW Group
On the road to developing autonomous technologies, perhaps nothing is more important than the vehicle being able to see the world around it. To help meet this challenge, Magna and its partner, Innoviz Technologies, will supply the BMW Group with solid-state LiDAR for upcoming autonomous vehicle production platforms. Magna and its partner, Innoviz Technologies, will… Continue reading Solid-State LiDAR from Magna & Innoviz for BMW Group