Magna International

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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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

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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Magna unit to acquire closures supplier Techform

12:55 pm U.S. ET | Oct. 1, 2014

Magna International's closures unit plans to acquire Techform Group, a supplier of hinges, door locking rods and other closure products. Terms of the deal, expected to be completed early this month, were undisclosed....
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Magna stock falls 4.7% after Brazil antitrust regulator visits local unit

4:02 pm U.S. ET | Sept. 19, 2014

Magna International shares tumbled the most in more than two years after the supplier said the offices of its Brazilian unit were visited in connection with an antitrust investigation....
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Magna ready to loosen purse strings

12:01 am U.S. ET | Aug. 25, 2014

Magna International Inc., the largest auto supplier in North America, will consider major acquisitions....
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Magna CEO in a shopping mood in post-Stronach era

6:54 am U.S. ET | Aug. 19, 2014

Magna International, the largest auto supplier in North America, will consider purchases of as much as $4 billion as it distances itself from debt-averse founder Frank Stronach....
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Toyota makes stronger showing in J.D. Power seat quality study

2:25 pm U.S. ET | Aug. 18, 2014

Toyota made sizable gains in a JD Power seat quality study, with six of the 21 vehicles recognized for superior seating, two more than last year. Ford's C-Max also had a strikingly lower instance of seat-related problems than any other car in the study....
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Ford demonstrates Magna's seamless rear window on new F-150

4:04 pm U.S. ET | Aug. 13, 2014

Ford today demonstrated its “seamless sliding rear window” feature developed by Canadian supplier Magna International for the new 2015 Ford F-150 pickups....
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Magna Q2 profits rise 23% to $510 million on higher N.A., Europe output

6:53 am U.S. ET | Aug. 8, 2014

Auto supplier Magna International's second-quarter profits increased 23 percent to $510 million on higher vehicle output in North America and a continuing recovery in Europe. The company raised its full-year sales forecast to $35.6 billion to $37.3 billion from $34.9 billion to $36.6 billion....
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2014 MANAGEMENT BRIEFING SEMINARS

Magna points supply chain toward local sourcing

2:03 pm U.S. ET | Aug. 7, 2014

Canadian automotive supplier Magna International sees local strategy and efficiency improvements as key cost-saving measures within its supply chain....
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Q&A

Magna Steyr hunts acquisitions that will add expertise

12:01 am U.S. ET | Aug. 4, 2014

To compete in the hotly contested market for engineering services, Austrian supplier Magna Steyr is heading in new directions. Karl-Friedrich Stracke, head of contract manufacturing and engineering at the unit of Magna International Inc., is betting on targeted acquisitions and growth in China....
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DAVID SEDGWICK

Pressure builds on suppliers to team up

12:01 am U.S. ET | July 21, 2014

If the ZF-TRW alliance is going to create a product portfolio for collision avoidance and driverless vehicles, the r&d budget will make or break it....
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Continental Structural Plastics to buy 5 plants from Magna

10:28 am U.S. ET | July 18, 2014

Continental Structural Plastics signed a definitive agreement to acquire five North American plants from Magna International....
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CARBON FIBER HEATS UP

Suppliers bet big, try new techniques to ramp up production

12:01 am U.S. ET | May 19, 2014

As major suppliers place big bets on carbon fiber, perhaps it's time to pay attention to this emerging technology....
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Stamping bottleneck squeezes boron-steel supply

12:01 am U.S. ET | May 19, 2014

Faced with increasingly tough federal collision standards, automakers are turning to boron steel -- which is six times stronger than conventional steel -- to reinforce the body-in-white without adding pounds....
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Magna denies being asked by Canada to end Russia JV

May 14, 2014 10:54 CET

Magna International CEO Donald Walker says he hasn't been asked to end a Russian joint venture amid mounting tension over Ukraine even as an executive from partner Avtotor cited pressure from Canada to do so....
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Magna expands Mexico powertrain operations for Audi AWD

April 30, 2014 06:01 CET

Magna International is expanding its powertrain operations in Mexico with a $75 million plant to produce all-wheel-drive systems for Audi....
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