Magna Steyr

China's Qoros challenges Europeans on home turf

March 6, 2014 10:54 CET
Chinese automaker Qoros is out to challenge VW, PSA and other Europeans on their home turf, signaling a broader push by the country's car manufacturers to target Western customers.... Read More »

 

Magna's Q4 net income jumps 31%

12:51 pm U.S. ET | March 3, 2014
Magna International said its fourth-quarter profit jumped 31 percent, driven by a pickup in North America and Europe, and hiked its dividend. Net income attributable to the company rose to $458 million in the fourth quarter, from $351 million a year earlier, the company said in a statement.... Read More »

 

BMW will end Mini production at Magna Steyr in 2016, report says

Jan. 30, 2014 17:14 CET
BMW Group will end production of Mini cars at Austrian contract manufacturer Magna Steyr in 2016, a report said.... Read More »

 

Magna Steyr expects to boost auto output to 140,000

Dec. 13, 2013 06:01 CET
Magna Steyr, which builds cars for BMW and Mercedes, expects production at its plant in Austria to exceed 140,000 vehicles in 2013, up from 123,602 last year.... Read More »

 

Pininfarina eyes comeback as coachbuilder

Sept. 13, 2013 06:01 CET
The improved ability of automakers to build small batches of specialty cars in-house, combined with the global recession, made life difficult for coachbuilders. But with the economy improving, Italian styling house Pininfarina is looking to re-enter the game.... Read More »

 

Magna hikes full-year forecast on strong Q1 profit

May 13, 2013 06:01 CET
Magna International has hiked its full-year sales forecasts after posting a better-than-expected profit and a 9 percent rise in revenue in the first quarter.... Read More »

 

Magna stock hits record high as Q1 profits improve, forecast rises

9:56 am U.S. ET | May 10, 2013
Magna International shares hit a record high today as the Canadian supplier hiked its full-year sales forecasts after posting a better-than-expected profit and a 9 percent rise in revenue in the first quarter.... Read More »

 

Magna founder Stronach aims to reshape Austria's politics

April 29, 2013 06:01 CET
Frank Stronach, 80, has no interest in retiring after building Magna into a top supplier. He has launched anew political party, Team Stronach, in Austria.... Read More »

 

A modest retirement goal: Reshape Austria's politics

12:01 am U.S. ET | April 29, 2013
White-haired, tanned and vigorous at 80, Frank Stronach clearly has zero interest in retiring after building North America's biggest auto parts company. He now intends to jolt politics in his native Austria.... Read More »

 

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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
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