Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

The Latest Breaking News from Magna

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…

Magna Clocks 5% Sales Decline In Q1; Cuts FY22 Outlook

Magna Clocks 5% Sales Decline In Q1; Cuts FY22 Outlook

Magna International Inc (NYSE:MGA) (TSX:MG) reported a first-quarter FY22 sales decline of 5.3%, to $9.64 billion, beating the consensus of $9.31 billion. Global light vehicle production growth was down 7%, primarily driven by a 16% decrease in Europe. Body Exteriors & Structures segment sales grew 1.3% Y/Y, Power & Vision fell 3.5%,…

LG-Magna JV Breaks Ground On Plant That Will Supply EV Parts To GM

LG-Magna JV Breaks Ground On Plant That Will Supply EV Parts To GM

An estimated 400 new jobs will be created at the 260,000 square foot factory, which is LG Magna e-Powertrain's first production base in North America.

From analysis to the latest developments in health,
read the most diverse news in one place.

inkl

Magna Will Produce Ford F-150 Lightning's Battery Enclosures In Ontario

Magna announced a new EV investment in Ontario, Canada, where the company will produce lightweight aluminum battery enclosures for the Ford F-150 Lightning.

We Drive An Electric GMC Sierra And An Old Tri-Motor Tesla

This Magna EtelligentForce-powered prototype is our first contact with a proper heavy duty EV designed for hard work and towing and it was quite impressive.

Magna Gold says three employees died at San Francisco Mine

Canada's Magna Gold Corp said three of its employees died at the company's San Francisco Mine on Tuesday.

Magna Clocks 14% Sales Decline In Q4 On Chip Shortages, Lags Consensus

Magna International Inc (NYSE:MGA) reported a fourth-quarter FY21 sales decline of 14% year-on-year, to $9.11 billion, missing the analyst consensus of $9.31 billion. Global light vehicle production declined 17%, primarily driven by the semiconductor chip shortages the industry has faced throughout 2021. Body Exteriors & Structures segment sales decreased 18% Y/Y, Power &…

inkl

Read news from The Economist, FT, and more,
with one subscription

China: Magna's JV Starts Production Of eDrives For Volkswagen's MEB

China: Magna's JV Starts Production Of eDrives For Volkswagen's MEB

Magna announced that its HASCO Magna Electric Drive Systems Co.team in China has started high-volume serial production of eDrive systems for the VW ID.4.

People

From analysis to the latest developments in health,
read the most diverse news in one place.

inkl

Organisations

Magna International Inc

inkl

Read news from The Economist, FT, and more,
with one subscription

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play