Tag: Contract Manufacturer

Magna to undertake full vehicle development for VinFast

Asia represents one of the strongest growing automotive markets in the world, and Magna International has further strengthened its presence in the region through a cooperation agreement to provide complete vehicle engineering and development services for VinFast Manufacturing and Trading Company of Vietnam. Magna’s complete vehicle team has responsibility for the full vehicle development of two… Continue reading Magna to undertake full vehicle development for VinFast

Press Release – Magna Provides Engineering Expertise to New Automaker VinFast

Please click HERE for a PDF version of the release. Complete vehicle development for two models Advanced engineering methods reduce development time to 12 months Vehicles will be built at the VinFast production plant in Haiphong, Vietnam SHANGHAI, China, March 29, 2018 (GLOBE NEWSWIRE) — Asia represents one of the strongest growing automotive markets in… Continue reading Press Release – Magna Provides Engineering Expertise to New Automaker VinFast

Press Release – Magna Posts 2017 Annual Report

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

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