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The Latest Breaking News from Magna

Magna Raises Outlook Despite Persistent Industry Challenges

Magna International (NYSE:MGA) shares gained on Friday after the second-quarter fiscal 2025 earnings. The auto parts maker reported a quarterly revenue decline of 3% year-on-year to $10.63 billion, beating the analyst consensus estimate of $10.08 billion.

Benzinga

Waymo Is Far From Done With The Jaguar I-Pace

The sleek Jaguar I-Pace hit the streets in 2018 as one of the first modern electric efforts from a company that wasn't Tesla. And even though Jag axed the pioneering model from its lineup last year, Waymo isn't done with it yet.

InsideEVs

Magna CEO: Amid automotive industry transformation, collaborative risk and reward sharing is key

Legacy practices and agreements no longer serve industry production partnerships.

Fortune

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Billionaire Frank Stronach is facing additional sexual assault charges in Canada

Austrian-Canadian billionaire Frank Stronach is facing additional sexual assault charges involving three additional complainants, court documents how

The Independent UK

Fisker Ocean Owners Face Another Blow: Recall Costs Paid Out Of Pocket

The ill-fated Ocean SUV is the subject of five recalls, two of which require spare parts and a visit to the dealer.

InsideEVs

Strong Ad Market Means Smaller Drop in TV Revenues, Says Magna Forecast

Elections, Olympics add $10 billion in spending

Multichannel News

Up 307% in a Month, Should You Grab This Breakout Stock Under $20?

This robotics stock, backed by Nvidia, is up 307% since the AI chip giant disclosed its stake, but still trades under $20. Is the stock still a good buy, or too risky at current valuations?

Barchart

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Frank Stronach allegations highlight harassment in the workplace

Police in Canada recently charged Frank Stronach, the founder of auto parts manufacturer Magna International, with multiple sexual offences dating back to 1977. The charges include rape, indecent assault, sexual assault and forcible confinement. Stronach’s lawyer has said he “categorically denies” the allegations.

The Conversation

New charges against Canadian billionaire Frank Stronach involve 7 additional complainants

Court documents show that Austrian-Canadian auto parts billionaire Frank Stronach is accused of sexually assaulting seven new complainants in alleged incidents from 1977 to as recently as February

The Independent UK

Billionaire Frank Stronach is facing additional sexual assault charges in Canada

Canadian police say Austrian-Canadian billionaire Frank Stronach was arrested again and is facing additional sexual assault charges

The Independent UK

Canadian auto parts billionaire Frank Stronach accused of sexually assaulting 3 complainants

A court document filed this week shows Austrian-Canadian auto parts billionaire Frank Stronach is accused of sexually assaulting three different complainants in alleged incidents that took place in Toronto and Aurora, Ontario

The Independent UK

Billionaire Frank Stronach Arrested On Sexual Assault Charges

Learn about the sexual assault charges against billionaire Frank Stronach and his denial of allegations, urging potential victims to come forward.

Top News

Fisker Ocean Owners Need Parts. The Company Planned On It Being ‘Perfect’ Instead

Scarce replacement parts forced Fisker to poach components from its factory and disassemble cars, former employees told InsideEVs.

InsideEVs

Your next car may look you in the eye and decide you're not going anywhere

How ideas out of Fyshwick will save thousands of lives

The Canberra Times

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InsideEVs

Fisker Files For Reorganization In Austria After Magna Pauses Ocean Production

It’s the rough equivalent of filing for Chapter 11 bankruptcy protection in the United States. What's next for the troubled EV maker?

InsideEVs

Fisker Ocean Production Halt Means 500 Magna Workers Laid Off

Plus, new rumors about Rivian and the Apple Car, and NHTSA is demanding Autopilot data from Tesla.

InsideEVs

'No Further Production' Of Fisker Ocean Planned By Magna International

Magna is the company contracted to build the Fisker Ocean and it announced that it “assumes no further production” this year.

Barchart

Unusual Options Volume Spikes for Magna International (MGA) and for Good Reason

With the EV sector fallout, MGA stock stands poised to benefit as the ‘traditional’ automotive industry gains back some relevance.

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TV Tech

Magna: Local TV/Video Ad Sales to Spike by 26% to $23B in 2024

Social media advertising will grow by +14% to reach the $80B milestone and long-form streaming advertising will expand by +13% to hit the $10B milestone

InsideEVs

The Fisker Ocean Is Now $24,999. That Doesn’t Mean You Should Buy One

The Fisker Ocean now costs as little as $25,000, but is it still a great deal if the company goes bankrupt?

Broadcasting & Cable

Magna Sees National TV Ad Revenue Down 4.7% In 2024

Premium long-form streaming ad revenues to hit $10 billion

InsideEVs

Fisker Is Preparing For Possible Bankruptcy: WSJ

A new report from the Wall Street Journal says that Fisker has hired restructuring advisors to assist with the bankruptcy process, if it comes to that.

Top News

GM, Magna, And Wipro Collaborate On Automotive Software Marketplace

GM, Magna, and Wipro collaborate to establish an automotive software marketplace driving innovation in vehicle technology.

Motor1

The Ineos Fusilier Is The Retro Electric Off-Roader Of Your Fantasies

Ineos' second vehicle is a smaller EV with a range extender option and squared-off retro looks.

Broadcasting & Cable

Magna Gets Access to OpenAP Cross-Platform Audience Data With Acxiom Integration

Agency can monitor campaigns across linear, digital, CTV

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