Magna Announces Fourth Quarter 2021 Results
Sales and Adjusted EBIT came in ahead of expectations in the fourth quarter of 2021, as vehicle production was better than forecasted, says Magna’s CEO Swamy Kotagiri.
Magna Announces Board Leadership and Other Changes
Board Chair William L. Young (at right) to retire; Audit Committee Chair Robert F. MacLellan selected to succeed him.
Magna Adds 120-Plus Engineers, Strengthens ADAS Capabilities
The company also has added an engineering center in the Boston area.
Magna Tyres Acquires Industra Ltd.
The acquisition of Polish-based Industra Ltd. marks another step in its global expansion plans, says the company.
Magna Tyres Group to Acquire Fennell Tyres International
Fennell Tyres International is known for its competitively priced, high-quality OTR, mining and TBR tire solutions.
Magna All-Electric Powertrain Set to Debut in 2022
The EtelligentReach system is comprised of two electric motors, inverters and gearboxes, and leverages advanced software to maximize vehicle range and driving dynamics.
Magna Secures Hybrid Dual-Clutch Transmission Business
Shift to hybrid electric DCTs provides long-term stability for transmission business, Magna says.
Magna Helps Ford Electrify The Future
Magna’s battery enclosures for F-150 Lightning made with lightweight aluminum help minimize battery mass.
LG, Magna Announce Joint Venture Agreement, Leadership Team
New company to fuse Magna’s and LG’s electric powertrain strengths to accelerate e-drive component development.
Magna Brings Driver Assistance Into the Digital Age
ICON Radar helps address key industry challenges today and paves the road toward higher levels of autonomy in the future.
