Contract Manufacturer – Page 5 – I wish I had more to offer

GAC Accelerates European EV Strategy with Magna Vehicle Assembly Program

GAC AION V electric SUV The GAC AION V electric SUV rolls through Magna’s Graz facility as serial production begins GAC and Magna SOP Event GAC and Magna teams celebrate the start of AION V electric SUV production at Magna’s Graz facility GUANGZHOU, China and AURORA, Ontario, Nov. 20, 2025 (GLOBE NEWSWIRE) — Today, GAC… Continue reading GAC Accelerates European EV Strategy with Magna Vehicle Assembly Program

GAC Accelerates European Market Plan, Partnering with Magna to Deepen Localized Cooperation

GRAZ, Austria, Nov. 21, 2025 /PRNewswire/ — Today, GAC and Magna announced a widespread cooperation program to accelerate electric mobility and expand EV collaboration in Europe. The collaboration underscores GAC’s regional commitment, extending technical cooperation, supply and sales, while highlighting Magna’s leadership in vehicle manufacturing. Localized and customized collaboration of GAC’s electric SUV AION V is now underway… Continue reading GAC Accelerates European Market Plan, Partnering with Magna to Deepen Localized Cooperation

Magna to produce China’s GAC electric vehicles in Europe

Roland Prettner, president of the Magna Steyr contract manufacturing business, said its expertise will allow automakers like GAC to localize production efficiently. China’s Guangzhou Automobile Group (GAC) will build its electric AION V model at a Magna facility in Austria, the two companies said on Thursday, a strategy that should help GAC avoid the EU’s… Continue reading Magna to produce China’s GAC electric vehicles in Europe

GAC Accelerates European EV Strategy with Magna Vehicle Assembly Program

GUANGZHOU, China and AURORA, Ontario, Nov. 20, 2025 (GLOBE NEWSWIRE) — Today, GAC and Magna announced a vehicle assembly program to accelerate electric mobility and expand localized EV production in Europe. The collaboration underscores GAC’s regional commitment, extending assembly, supply and sales, while highlighting Magna’s leadership in vehicle manufacturing. Serial production of GAC’s electric SUV… Continue reading GAC Accelerates European EV Strategy with Magna Vehicle Assembly Program

Magna International (TSX:MG): Is the Stock Still Undervalued After Its Recent Recovery?

Magna International (TSX:MG) has posted steady gains over the past month, climbing 6%. Its share price recovery comes as the company continues to attract investor attention in the automotive sector, even though its longer-term returns have been mixed. See our latest analysis for Magna International. Magna’s momentum is showing signs of building again. While the… Continue reading Magna International (TSX:MG): Is the Stock Still Undervalued After Its Recent Recovery?

MGA vs. RACE: Which Stock Is the Better Value Option?

Investors interested in stocks from the Automotive – Original Equipment sector have probably already heard of Magna (MGA) and Ferrari (RACE). But which of these two companies is the best option for those looking for undervalued stocks? Let’s take a closer look. We have found that the best way to discover great value opportunities is… Continue reading MGA vs. RACE: Which Stock Is the Better Value Option?

Monarch Tractor preps for layoffs and warns employees it may ‘shut down’

Autonomous electric tractor startup Monarch Tractor warned staff Thursday it may need to lay off more than 100 employees, or possibly even ‘shut down,’ according to a company-wide memo obtained by TechCrunch. The memo comes after Monarch Tractor was already cutting some positions over the last few weeks at its California corporate facilities and remote… Continue reading Monarch Tractor preps for layoffs and warns employees it may ‘shut down’

Magna Deepens China Footprint to Meet Growing EV Demand

New facility in Wuhu to produce electric drives for Chery and support future growth Magna advances electrification capabilities and market reach in China Expansion expected to create approximately 200 new jobs AURORA, Ontario, Nov. 18, 2025 (GLOBE NEWSWIRE) — Magna is strengthening its presence in China with a new facility in the Jiujiang Economic Development… Continue reading Magna Deepens China Footprint to Meet Growing EV Demand

Magna Deepens China Footprint to Meet Growing EV Demand

Magna International Inc. Magna eDrive Magna’s eDrive systems deliver smooth, high-performance electric propulsion with scalable architecture for a wide range of BEVs New facility in Wuhu to produce electric drives for Chery and support future growth Magna advances electrification capabilities and market reach in China Expansion expected to create approximately 200 new jobs AURORA, Ontario,… Continue reading Magna Deepens China Footprint to Meet Growing EV Demand