Magna Archives - Page 2 of 5 - aftermarketNews
Magna, LAN Joint Venture to Assemble Seats in Michigan

The new joint venture will assemble complete seats for Ford, with production expected to start in the second quarter of 2023. More than 390 new jobs to be created.

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 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.

Qualcomm And SSW Partners To Acquire Veoneer For $37 A Share

Veoneer has terminated its prior acquisition agreement with Magna International Inc.

Qualcomm Offers To Acquire Veoneer For $37 Per Share In Cash

This offer represents an 18% premium over Magna’s offer to acquire Veoneer.

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.

Magna To Acquire Veoneer

Acquisition will position Magna’s ADAS business as a global leader in a fast-growing industry.

InStride To Help Magna Develop Workforce Of The Future

Magna to provide employees with undergraduate degrees at leading colleges and universities through InStride’s educational network.

Fisker Ocean Takes Next Steps Toward Manufacturing Milestones

The Fisker Ocean SUV is on track for Nov. 17, 2022, at Magna’s carbon-neutral facility in Graz, Austria.