Magna To Jointly Engineer, Build Premium EVs For Chinese Customers

Magna has announced its intention to form two new joint ventures with Beijing Electric Vehicle Co. Ltd (BJEV) for complete vehicle manufacturing as well as engineering of electric vehicles. BJEV, a subsidiary of the BAIC Group for electric cars, and Magna, a global automotive supplier and the world’s leading brand-independent vehicle contract manufacturer, gathered today […]

New cost-efficient 3D surround view system added to ADAS

Renesas Electronics Corporation and Magna aim to accelerate the mass adoption of advanced driving assistance system (ADAS) feature with a new cost-efficient 3D surround view system designed for entry and mid-range vehicles. The 3D surround view system adopts Renesas’ high- performance, low-power system-on-chip (SoC) optimized for the smart camera and surround view systems. By enabling […]

Magna, Lyft to jointly develop self-driving systems

Mobility technology company Magna and North America’s fastest growing rideshare company Lyft have inked a multi-year collaboration to jointly fund, develop, and manufacture self-driving systems. In addition to self-driving vehicles that will be deployed on Lyft’s own ridesharing network in the coming years, Magna has the ability to deploy the technologies across a wide range […]

Magna Showcases Technology To Go Smarter, Cleaner, Safer, Lighter

By T Murrali The global automotive supplier with 309 manufacturing operations and 99 product development, engineering and sales centres in 29 countries, Magna International, is accelerating its drive to innovate. It has mandated all the 152,000 employees to deliver superior value to the customers through innovative products and processes, and world-class manufacturing. Magna has complete […]

Magna Announces Outlook

Magna International Inc. (TSX: MG; NYSE: MGA) today announced its financial outlook for 2017, along with sales expectations for 2019.  In this outlook we have assumed no material unannounced acquisitions or divestitures.  In addition, we have assumed that foreign exchange rates for the most common currencies in which we conduct business relative to our U.S. […]