Magna International

Magna CEO sees smart robots shifting parts output away from China

11:02 am U.S. ET | Sept. 24, 2015

The falling cost of intelligent robots may help repatriate some auto production away from low-cost locations like China back to factories in Germany and North America, Magna International CEO Donald Walker says....
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Grupo Antolin completes purchase of Magna interiors unit

1:33 pm U.S. ET | Aug. 31, 2015

Grupo Antolin closed on its acquisition of Canadian auto supplier Magna International Inc.’s interiors operations today in a deal valued at about $525 million....
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Magna's Q2 earnings rise despite strong U.S. dollar

6:27 am U.S. ET | Aug. 7, 2015

Canadian auto supplier Magna International reported higher profits in the second quarter as increased vehicle production in North America offset the impact of a strong U.S. dollar....
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Deal positions Magna to be a major transmission player

12:01 am U.S. ET | July 20, 2015

Magna International's $1.9 billion deal to buy German gearbox supplier Getrag gives the giant Canadian company the technology to supply transmissions for small cars to big vans and nearly everything in between....
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Magna will buy Getrag for $1.9 billion to expand in transmissions

July 16, 2015 13:29 CET

Magna International, North America's biggest supplier, agreed to buy German manufacturer Getrag for 1.75 billion euros ($1.9 billion), gaining control of one of the largest independent producers of vehicle transmissions....
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Magna near deal to acquire German transmission maker Getrag, report says

2:30 pm U.S. ET | July 15, 2015

Magna International is nearing an agreement to buy Getrag, one of the largest independent makers of transmissions. A deal could be announced as soon as this week, Bloomberg reported, citing unidentified people familiar with the talks....
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BLOG: Interiors sector will get smaller, but not too small

12:01 am U.S. ET | July 9, 2015

Grupo Antolin's planned purchase of most of Magna's interiors operations and JCI's possible sale of its seating business are just the beginning of the upheaval in the automotive interiors world. The sector, however, will remain competitive, an expert with vast M&A experience said....
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Germany's Getrag getting interest from Magna, Dana, China, report says

3:36 pm U.S. ET | June 30, 2015

Getrag, one of the biggest independent makers of transmissions, has attracted interest from automotive suppliers including Canada's Magna International Inc., people with knowledge of the matter told Bloomberg....
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Magna, Durr plan new operations in Michigan

3:14 pm U.S. ET | June 10, 2015

A Magna International subsidiary and Durr Systems both have been approved for Michigan state incentives for new operations planned in suburban Detroit....
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Magna Q1 earnings rise 18%

11:45 am U.S. ET | May 7, 2015

Diversified Canadian supplier Magna International today reported sharply higher first-quarter earnings while revenues fell because of weaker currency values vs. the US dollar....
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Magna to sell interiors unit to Grupo Antolin for $525 million

9:17 am U.S. ET | April 16, 2015

Canadian auto supplier Magna has agreed to sell its interiors operations to Grupo Antolin, a Spanish supplier with global operations, in a deal valued at about $525 million, Magna said today in a statement....
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Grupo Antolin to buy Magna unit for $525 million

April 16, 2015 15:17 CET

Spain's Grupo Antolin has reached an agreement to purchase Magna International's interiors unit for about $525 million, creating what Antolin estimates will be the world's third-largest player in the consolidating sector....
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Magna negotiating to sell interiors business to Grupo Antolin, report says

12:25 pm U.S. ET | March 30, 2015

Canada's Magna International is in talks to sell its car-interior business to Spain's Grupo Antolin, people familiar with the matter told Bloomberg....
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Magna plans $135 million exterior parts plant in Mexico

3:37 pm U.S. ET | March 18, 2015

Magna International plans a $135 million plant in Queretaro, Mexico, to produce molded and painted exterior parts such as fascias and rocker panels....
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Magna enters mobility race with partnership

12:01 am U.S. ET | March 9, 2015

Automakers aren't the only ones with a hand in the mobility game. Don't forget about suppliers such as Magna International, for instance, that could slide in and make a play as well....
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Magna cuts sales forecast on weak Europe demand, approves stock split

7:01 am U.S. ET | Feb. 25, 2015

Canadian auto parts maker Magna International Inc. cut its revenue forecast for 2015, hurt by weak demand from Europe....
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Magna forecasts surprise fall in 2015 revenue

9:22 am U.S. ET | Jan. 14, 2015

Canadian supplier Magna International forecast a surprise fall in fiscal 2015 revenue, hurt by falling sales in its production and contract manufacturing businesses....
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World Congress panel to explore vehicle innovation

12:01 am U.S. ET | Dec. 22, 2014

Aluminum vs. high-strength steel. It's one of the industry's hottest technological battlegrounds as automakers push to reduce vehicle weight while cutting costs and improving safety....
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Ford, Magna, Verizon commit $2 million to bring 10 transportation-related startups to Detroit

11:06 am U.S. ET | Dec. 11, 2014

Ford, Magna, and Verizon are sponsoring what is being billed as Techstars Mobility, Driven by Detroit, an accelerator program to foster innovative transportation-related startups....
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Suppliers start moving closer to GM plants

12:01 am U.S. ET | Nov. 17, 2014

General Motors' drive to cut $900 million a year from its North American logistics spending in 2015 and 2016 is beginning to bear fruit. Early this year, the company called on its suppliers to build factories close to GM's assembly plants. Now the suppliers are starting to comply....
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Magna Q3 profit rises 47% on strong North American demand

6:40 am U.S. ET | Nov. 5, 2014

Canadian auto parts maker and contract vehicle manufacturer Magna International Inc. reported a 47 percent jump in third-quarter earnings, boosted by strong demand in North America....
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Roof suppliers hit hard by lower demand for convertibles

Oct. 15, 2014 06:01 CET

Once valued as a highly profitable vehicle niche, buyers have turned away from convertibles, hurting the business of roof systems suppliers such as Webasto, Magna CTS and Valmet....
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