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The Latest Breaking News from Magna

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.

InsideEVs

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.

Top News

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.

Motor1

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

Agency can monitor campaigns across linear, digital, CTV

Broadcasting & Cable

VW's Scout Motors Confirms Magna As 'Engineering Partner' For Off-Road EVs

CEO Scott Keogh said Magna helped get the electric SUV/pickup project off the ground but "Scout engineers are in the lead" now.

InsideEVs

This 30-Year-Old Mitsubishi Crash Test Shows How Far Car Safety Has Come

They don't make them like they used to? That's a good thing.

Motor1

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

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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

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

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

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TV Tech

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

The Guardian - UK

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

Motor1

Ineos Officially Confirms All-Electric SUV For 2026

It will be developed and produced in cooperation with Magna.

TV Tech

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

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Multichannel News

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

AVOD and FAST predicted to grow 21.2%

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.

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.

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