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The Latest Breaking News from Magna

Volkswagen Is Spending $492M To Develop Scout EVs In Austria: Report

Said to be developed by Magna Steyr, the electric pickup and SUV are expected to arrive by late 2026.

Motor1

Auto Stocks Fall As UAW Strike Expands To More Ford, GM Plants. Ford CEO Responds.

The UAW strike expanded to Ford's Chicago assembly plant and GM's Lansing Delta Township plant as of noon Friday.

Investors Business Daily

Fisker Has Built Over 3,000 Ocean SUVs, Plans Production Ramp Up In Q4

During the second quarter, Fisker built 1,022 Oceans in Graz, Austria, below its guidance of 1,400 to 1,700 units per quarter, while Q1 saw just 55 SUVs built.

InsideEVs

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One million cars later and countless lives saved by Canberra company

One of the biggest killers on our roads could soon be a thing of the past.

The Canberra Times

Ford's EV Future Accelerated: $800M Investment In Tennessee By Magna

Automotive supplier Magna has recently invested nearly $800 million dollars to build manufacturing facilities to assist Ford in its EV efforts.

InsideEVs

Fisker Delivers First Ocean SUVs To US Customers

California-based EV maker partners with Magna as contract manufacturer, eyes entry into China's competitive EV market.

Zenger

Magna Cuts 2023 National and Local TV Ad Spend Estimates

National TV will be down by 7.7%, local TV will drop by 22.4% and AVOD/CTV ad spend will increase by 7.2% in 2023

TV Tech

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Magna Sees Video Ad Revenues Down 7.9% in 2023, Up 7.2% in 2024

AVOD/CTV growing 7.2% in 2023, 14.3% in 2024

Broadcasting & Cable

Fisker Is Exploring Partnerships With Other Carmakers, Says CEO

American EV startup Fisker wants to collaborate with other companies in a bid to rapidly expand its market share.

InsideEVs

IPG’s Magna Signs Up for Comscore’s Local TV Ratings Data

The agreement is part of IPG Mediabrands' plans to assess alternative TV currencies

TV Tech

Brexit backer Jim Ratcliffe’s Ineos to build electric Grenadier in Austria

Britain misses out on building second Ineos vehicle, after company chose France for original model

The Guardian - UK

Ineos Officially Confirms All-Electric SUV For 2026

It will be developed and produced in cooperation with Magna.

Motor1

Magna: Long Form Video Ad Spend to Drop 9.1% in 2023

Local TV will be down 21.4% while OTT ad spending will jump by 21.2% this year

TV Tech

Magna Forecasts Long-Form National Video Revenue Will Dip 1% in 2023

AVOD and FAST predicted to grow 21.2%

Multichannel News

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InsideEVs

Fisker Notes Growing Orders, Keeps Production Target: Analysts Skeptical

CEO Henrik Fisker assured analysts that orders for its Ocean EV are climbing, Magna is poised to produce 20 EVs per day and will ramp up its efforts in Q2 2023.

Liverpool Echo

Cuts and closures: Merseyside's automotive sector is in crisis

As plants close, shifts are reduced and hundreds of redundancies are announced, we look at the challenges facing a vital part of the region's economy

InsideEVs

Volkswagen May Build Scout EV On Its Own At New US Factory

VW previously discussed contracting Foxconn or Magna to build the Scout EV brand, but now it's reportedly planning to move forward alone with a new US factory.

InsideEVs

Report: Ford Might Sell One Of Its European Plants To BYD

Ford's factory in Saarlouis, Germany is expected to be sold, as the company intends to stop producing the Ford Focus at the site in 2025.

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Motor1

VW's Scout Brand Could Tap Foxconn Or Magna Steyr To Build EVs: Report

The company isn't ruling out building the EVs itself, either.

InsideEVs

Fisker May Accelerate US Factory Search Due To New EV Tax Credit

Fisker is among a number of automakers hoping to manufacture EVs on our shores to ensure that their customers can take advantage of the new US EV tax credit.

InsideEVs

Volkswagen Said To Turn To Magna For Help Developing Scout Project

Citing unnamed company sources, Automobilwoche reports that VW may turn to Magna to develop the electric pickup planned for 2026 as the first Scout vehicle.

The Canberra Times

$101m global rear-view mirror deal for Canberra-developed safety tech

Seeing Machines links up with Magna International on a rear-view mirror tech deal.

Tribune News Service

Auto supplier Magna bringing electric delivery robots to Metro Detroit

DETROIT — Canadian auto supplier Magna International Inc. is building an autonomous, electric delivery vehicle, it said Wednesday at the North American International Auto Show.

Benzinga

What's Going On With Fisker? CEO Shares Updates On EV Reservations, Production, International Expansion, US Tax Cuts

Electric vehicle company Fisker Inc (NYSE: FSR) could be in the spotlight for investors with strong reservation numbers and late 2022 production. A recent interview from CEO Henrik Fisker shared an update on the company and what’s ahead.

Benzinga

Magna Commences Production Of Mild Hybrid Transmission For BMW Group

Magna International Inc (NYSE:MGA) has started the production of its mild hybrid transmission for Bayerische Motoren Werke AG (OTC:BMWYY). Magna's new 7-speed, mild hybrid dual-clutch transmission is the latest to be featured exclusively on BMW Group's compact class, accelerating its electric mobility transformation. The contract will also include the production of mild hybrid transmissions for…

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