Magna International Archives - aftermarketNews
Magna Commits to Achieve Net-Zero Emissions by 2050

Achieving net-zero emissions also includes transitioning to 100% renewable electricity globally by 2030, Magna said.

Magna Launches Modular eDecoupling Unit for BEVs

The new application contributes significantly to increasing electric driving range, according to Magna.

Magna to Acquire Veoneer Active Safety Business

Magna says the transaction is aligned with its Go-Forward strategy of accelerating investments in high-growth areas.

LG Magna e-Powertrain Breaks Ground on New Facility

The new manufacturing plant in Mexico will produce electric powertrain components for General Motors starting in 2023.

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 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 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 Demonstrates Lightweighting Expertise With Ultralight Door Module

Magna International Inc., in cooperation with the U.S. Department of Energy and partners FCA US and Grupo Antolin, has developed a new, ultra-light door architecture that achieves the project objective of 42.5 percent mass savings compared to an average current production door.