Automotive industry company news
Given that wing mirrors add weight, cost and wind resistance to the car, it is not surprising that some automakers wish to eliminate them th...
The second part of this month’s briefing reviews just some of the supplier autonomous driving innovations that caught our eye in the consume...
Not unsurprisingly, given just-auto's audience, news from the supplier sector generated the most interest from readers this week. Topping the bill was news Corning's Gorilla Glass would be used for the windscreen and rear window/engine cover of the 2016 edition of Ford's delectable GT. The words gorilla and glass should ring a bell with many - it's also used on higher end smartphones and tablets as it often survives even cracking when said gadgets are accidentally dropped and its scratch-resistant properties keep screens looking box-fresh new longer, too.
It takes a fair bit to impress engineers from a major OEM but the boffins from a major Canadian university reckon they achieved that recently with a guided tour of a new research and development facility they are building.
There is much more to the IAA in Frankfurt than a dazzling array of new cars. At the world's biggest auto show, suppliers' stands bristled with lightweight innovations to help reduce emissions as well as improve driver safety, comfort and communications. Matthew Beecham caught-up with executives from some of the world's leading component suppliers. In this second instalment, we take a look at the main IAA messages from Tenneco, Faurecia, Magna and Plastic Omnium.
The Sorento must surely be one of Kia Motors’ most profitable vehicles, especially in Europe. British market prices now stretch beyond the GBP40,000 mark, which arguably makes the latest model a premium brand vehicle.
On a freeway close to Magna’s North American headquarters in Troy, Michigan, we got the opportunity to observe the supplier’s advanced driver assistance technologies in action. When the moment was right – and lanes clearly marked - our driver, Chris Van Dan Elzen, Global Product Director, Far Field Driver Assistance Systems, Magna Electronics took his hands off the steering wheel and let the Cadillac ATS steer itself. With the demo car safely parked up, Matthew Beecham learned more about such novelties and what else is in the pipeline.
Continuing just-auto's series of interviews with global component manufacturers, Matthew Beecham spoke to Karl-Friedrich Stracke, President Fahrzeugtechnik & Engineering of Magna Steyr about its smart factory, lightweighting and what makes a good acquisition target. Magna Steyr is a major engineering and manufacturing partner to automakers.
Magna has inked a purchase agreement to acquire Telemotive, an engineering service provider in the field of automotive electronics and, subject to regulatory approval, the transaction is expected to close in the second quarter of 2016.
Magna Automotive Rus says it is looking for reliable and flexible suppliers in the domestic market and uses a strict set of criteria to find what it is looking for.
Magna International forecasts for 2016 and 2018 include a big increase in sales from contracted vehicle assemblies, reflecting a recent announcement of a deal with Jaguar Land Rover.
Tata Motors luxury vehicle unit Jaguar Land Rover booked a record 487,065 retail sales in 2015, up 5% year on year. It was the sixth successive year of growth with retails in 2015 more than double those in 2009.
European Commission officials have approved the acquisition of automotive transmissions specialist, Getrag by Magna International through the EU Merger Regulation, despite there being certain overlaps between both supplier’s activities.
Magna International is set to commence production at its two units in the Sanand auto cluster from the second week of December.
Magna International plans to set up an exteriors manufacturing factory in Greenville County, South Carolina to supply the local BMW plant.
Magna International has announced that its powertrain manufacturing facility in Benevento, Italy, has reached a significant milestone: 5m oil pumps produced for the Fiat 1.4-litre engine since starting production in 2005.
Agreement has been reached for Stadco Automotive Ltd., including its businesses in the UK and Germany, to be acquired by Magna International.
Magna International has announced that it is supplying front and rearview camera systems on the second-generation Ford S-Max, the first van to feature a comprehensive range of DAS technologies typically offered only in premium-class vehicles.
Magna International says it will plough more than US$16m into its Mirror Systems Monterrey plant in Mexico, as a result of new business.
Magna International has completed the sale of substantially all of its interiors operations to Grupo Antolin, as previously announced.
Magna International has announced that its Magna Powertrain operating group was nominated by the Volkswagen Group as a 'Future Automotive Supply Tracks' (FAST) strategic partner for outstanding performance in manufacturing driveline systems for VW vehicles.
Magna is to showcase its Transformobility Exhibition at the Frankfurt Motor Show next month.
Volkswagen Group has nominated the first 44 suppliers who will be collaborating on a new common strategic level under the joint FAST (Future Automotive Supply Tracks) initiative.
Magna has posted second quarter sales down 9% to US$8.1bn with a weakening of certain currencies against the US dollar reporting currency, in particular the euro and Canadian dollar, having a significant negative impact.
Johnson Controls has confirmed speculation circulating last month it was to divest its automotive business by announcing plans to spin off the division in around 12 months.
Magna says it has inked an agreement to acquire automotive transmissions supplier, Getrag Group in a deal worth EUR1.75bn (US$1.9bn).
Jaguar Land Rover (JLR) has agreed a manufacturing partnership with Magna Steyr, an operating unit of Magna International Inc, to build some future vehicles in Graz, Austria.
The family that owns German transmission specialist Getrag is in advanced talks to sell a stake in the company to a 'North American parts maker' which could be Magna International, a news agency reported.
Mercedes-Benz Vans Russia's supply quality control unit says it does not make sense to "go in and out" of the troubled market, which is currently beset by myriad challenges stemming partly from international disapproval of what many see as Moscow's actions in Eastern Ukraine and de facto annexation of Crimea.
A former chairman of Toyota Canada is chairing a new committee to promote the province of Ontario to the automotive industry.
Huge sheets of ice are progressing in a stately manner down the Detroit River outside the Cobo and with forecast of snow this afternoon, it will feel more like Michigan in January than yesterday's almost balmy temperatures.
Magna International, Inc. - Mergers & Acquisitions (M&A), Pa
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
Magna International Inc. (MG) - Financial and Strategic SWOT
Magna International Inc. (Magna) is a global automotive supplier. The company is involved in developing and manufacturing technologically advanced automotive systems, assemblies, modules and component...
Magna International, Inc. (Canada)
This report presents quick facts about Magna International, Inc., which is principally involved in Automotive Business....
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