Magna Celebrates Grand Opening At South Carolina Seat Facility
Magna has three other manufacturing locations and employs approximately 1,450 people in South Carolina. The new seating facility is Magna’s fourth location in the state.
First-Ever All-Electric Jaguar Unveiled At Magna
The Jaguar I-PACE is the first all-electric car from Jaguar. It will be produced at Magna’s contract manufacturing operations in Graz, Austria.
Magna Launches New Composites Center Of Excellence In Germany
The new center will primarily focus on developing structural components, such as vehicle subframes, and exterior body parts, such as door panels and hoods. Several European automakers are pursuing joint development projects with Magna at the new center.
Magna Announces 4th Quarter, 2017 Results, Raises Quarterly Cash Dividend By 20 Percent
The company reported record sales of $10.4 billion, up 12 percent from the fourth quarter of 2016.
Magna Brings New Mobility Technology To CES 2018
By using virtual reality technology, attendees at the Magna booth can experience firsthand how an autonomous vehicle works.
Magna Announces Completion Of 2nd Share Repurchase Program
Magna repurchased a total of 395,100 common shares under the program directly from a third party, for an aggregate purchase price of approximately $21.9 million.
Magna Announces New Management Structure And Financial Reporting Segments
The company says the shift better aligns its global operations with its long-term strategy tied to the future of mobility.
Magna To Unveil etelligentDrive Systems At CES 2018
Magna’s etelligentDrive systems will be on display at CES 2018. The company’s e1 concept vehicle will be used to demonstrate different electric-drive (e-drive) concepts and systems, as well as demonstrate Magna’s vehicle integration capabilities.
Magna Announces Share Repurchase Programs
The programs will run sequentially with purchases under the first program taking place between Nov. 24 and Dec. 29, subject to a maximum of 1.472 million common shares.
Magna Announces 3rd Quarter Results
The company reports record sales for the third quarter, up 7 percent to $9.5 billion.