Magna International - automotive industry company news 
RESEARCH ANALYSIS: Fuel tank systems
20 January 2012
Fuelled by the need to save weight and reduce evaporative emissions, a great deal of innovative design and materials work is going into vehicle fuel tank systems, writes Matthew Beecham.
DETROIT INTERVIEW: General Motors determined to rescue Opel
9 January 2012
General Motors has no plans to give up on unprofitable Opel or axe the UK-only Vauxhall brand, international operations head Tim Lee said in a wide-ranging interview on the sidelines of the Detroit show on Monday.
CANADA: Magna's Cosma enters renewable energy market
14 December 2011
Magna International's Cosma International unit will strengthen its manufacturing presence in the renewable energy market by opening a manufacturing facility in Phoenix, Arizona.
CANADA: Magna expands in South America
7 December 2011
Magna International's Cosma International operating unit has closed a deal with ThyssenKrupp Automotive Systems to acquire ThyssenKrupp Automotive Systems Industrial do Brasil Ltda. (TKASB) which produces and assembles chassis structural components and modules for several Brazilian automotive customers from four plants, and had sales of approximately US$250m in its fiscal year ended 30 September, 2011.
CHINA: Chery goes after Europe with new brand
28 November 2011
Chery Auto and Israel's largest firm launch Qoros, a new car company.
CANADA: Magna Steyr looking for second car factory site
25 November 2011
Magna Steyr, the vehicle assembly and engineering division of Magna International, is scouting for a second location to assemble vehicles on contract for the world’s automakers.
ANALYSIS: New Opel management faces tough decisions as works council leader retires
23 November 2011
In a declining market, options for Opel's new management in terms of reducing costs at General Motors' European operation - other than capacity and job cuts - are limited, IHS Automotive analyst Tim Urquhart wrote in a research note on Wednesday (23 November).
CANADA: Magna unit Cosma acquires aluminium castings operations
17 November 2011
Cosma International, an operating unit of Magna International, has signed an agreement with the shareholders of the BDW technologies group under which Cosma will acquire BDW's four operations. BDW is a vacuum high-pressure aluminum die caster and expects full year 2011 sales of approximately EUR160m.
US: Chrysler spending $500m on Toledo Jeep plant
17 November 2011
Chrysler Group plans to spend US$500m of the US$1.7bn cost of developing a new generation Jeep SUV at the Toledo assembly plant in Ohio that will build it from 2013. The automaker will add a second production shift, about 1,100 jobs, bringing total employment at the complex to over 2,800.
CANADA: Magna International profits dip on one-offs as sales rise
3 November 2011
Canada-based global supplier Magna International on Thursday said third quarter 2011 operating income was US$164m, net income $102m and earnings per share $0.42, decreases of $164m, $164m and $0.72, respectively, year on year.
CHINA: Magna Powertrain expands in China
27 October 2011
Magna Powertrain has broken ground for a new greenfield manufacturing facility in the Tianjin Airport Economic Area.
Q&A with Magna Steyr: Review of fuel systems
7 September 2011
For some time, fuel tank manufacturers have come under increasing pressure from legislation, particularly in the US, to design and build tanks that can withstand higher impacts without leaking In this Interview, Matthew Beecham talked with Gerhard Stiegler, vice president operations, Magna Steyr, about fuel systems.
UK: BMW Plant Oxford builds Mini #2m
1 September 2011
BMW's Plant Oxford in England has built its two millionth Mini and exported over 1.5m to over 90 countries.
August 2011 management briefing: hybrids and electric vehicles (part 3)
31 August 2011
In the last of a three-part series for just-auto, Glenn Brooks looks into the future of electric vehicles (EVs) and plug-in electric vehicles (PHEVs) in the world’s major vehicle markets.
CANADA: Magna and Ontario look to a greener future
30 August 2011
Supplier Magna International and Canada's province of Ontario, the centre of the country's car industry, have announced plans to invest C$432m (US$441m) over six years to develop electric vehicle technologies. Ontario's contribution will be C$48.4m.
August 2011 management briefing: hybrids and electric vehicles (part 2)
25 August 2011
In the second of a three-part series on alternate powertrain vehicles, Glenn Brooks examines the future of petrol and diesel hybrid vehicles in the world’s major markets.
US: Issues with headrests are leading seat problem - JD Power
22 August 2011
While relatively few new-vehicle owners indicate having experienced a problem with their vehicle seats, those who do most often cite headrest adjustment controls as the source of the problem, according to a study by JD Power (the JD Power and Associates 2011 US Seat Quality and Satisfaction Study).
CANADA: New Magna JV formed in China
8 August 2011
Magna Exteriors and Interiors has formed a joint venture to purchase an existing injection moulding and painting facility located in Wuhu, a city in the Anhui province of southeastern China.
THE WEEK THAT WAS: EV range and recharge time, discuss
5 August 2011
This week brought the usually highly diverse and entertaining mix of auto news and opinion with EVs, range and use of, discuss, featuring rather prominently.
CANADA: Europe problems drag down Magna Q2 profits
5 August 2011
Aurora Ontario-based auto partsmaker and contract vehicle assembler Magna International saw reduced operating and net income during the second quarter of 2011 on sales up 24%.
July 2011 management briefing: QUBE extracts (roof systems)
25 July 2011
QUBE is just-auto's new online intelligence platform, providing real-time information, insight and analysis on the global automotive manufacturing industry. This month we provide extracts from component sectors covered in the new service, continuing with a look at the latest developments in vehicle roof systems.
SWEDEN: Debt agency poised to deliver Saab supplier judgements today
25 July 2011
Sweden's debt enforcement authority is to deliver its verdict on 41 cases brought by Saab suppliers and others as the automaker struggles to meet a late August restart date.
SWEDEN: Saab moves rapidly to quash bankruptcy filing for tool division
22 July 2011
A Swedish supplier has filed for bankruptcy of Saab Tools today (22 July), although the automaker said it had resolved the issue this afternoon.
UK: Lotus awaits UK loan news
4 July 2011
Specialist sports car maker Lotus should know in about three months whether a second attempt to raise cash from the UK government has succeeded.
AUSTRIA: Magna Steyr supplies roof for Mexican-built Fiat 500 cabrio
28 June 2011
Magna Steyr's roof systems group is supplying the textile folding roof for the 2012 Fiat 500 Cabrio being sold in North America. The vehicle is built at Chrysler Group's Toluca (Mexico) assembly plant and differs in detail from the Polish-made models sold in most other markets.
June 2011 management briefing: Russia – part 2
27 June 2011
In this month's management briefing, Mark Bursa reviews developments in Russia's automotive market and industry. In this second part, he looks at vehicle production developments and components issues.
CHINA: BAIC unit close to Inalfa completion
27 June 2011
Beijing Hainachuan Automotive Parts, a subsidiary of BAIC Group, has said its acquisition of Inalfa Roof Systems will be completed next month after it passes antitrust scrutiny by the Chinese government.
CANADA: Magna founder dumps most of his shares
23 June 2011
Magna International founder Frank Stronach sold the majority of his shares in the supplier and contract vehicle assembler earlier in June, marking his latest effort to cut ties with the company he founded about 40 years ago.
GERMANY: Continental buys Magna Electronics radar engineering unit
21 June 2011
Automotive supplier Continental has acquired the Germany-based radar engineering unit of Magna Electronics, an operating unit of auto parts supplier Magna International anticipated to be effective 1 July.
GERMANY: GM boss reassures Opel about sell-off rumours: report
15 June 2011
General Motors CEO Dan Akerson has called the head of Opel in Germany to reassure him the company's European arm is not up for sale, according to a report in Germany's business daily Handelsblatt.
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Magna International Inc. - SWOT Analysis
Datamonitor's Magna International Inc. - SWOT Analysis company profile is the essential source for top-level company data and information. Magna International Inc. - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.Magna International (Magna) designs, develops and manufactures automotive systems, assemblies, modules and components, and engineer and assemble complete vehicles, primarily for sale to original equipment manufacturers (OEMs) of cars and light trucks. The company operates in North America and Europe. It is headquartered in Ontario, Canada and employed 72,500 people. The company recorded revenues of $17,367 million during the financial year ended December 2009 (FY2009), a decrease of 26.7% compared to FY2008. The decrease in revenues was due to significant declines in North American and European vehicle production volumes, as well as a decrease in complete vehicle assembly sales. The operating loss of the company was $328 million during FY2009, when compared to an operating profit of $530 million in FY2008. The net loss was $493 million in FY2009, when compared to a net profit of $71 million in FY2008.
Magna International, Inc. - SWOT Analysis
Datamonitor's Magna International, Inc. - SWOT Analysis company profile is the essential source for top-level company data and information. Magna International, Inc. - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.Magna International (or the company or Magna) designs, develops and manufactures automotive systems, assemblies, modules and components, and engineer and assemble complete vehicles, primarily to original equipment manufacturers (OEMs) of cars and light trucks. The company operates in the Americas, Europe, Asia, and Africa. It is headquartered in Ontario, Canada and employed about 96,600 people. The company recorded revenues of $24,102 million during the financial year ended December 2010 (FY2010), an increase of 38.8% over FY2009. The operating profit of the company was $1,154 million during FY2010, as compared to the operating loss of $511 million in FY2009. The net profit was $973 million in FY2010, as compared to the net loss of $493 million in FY2009.
Magna International Inc.: SWOT Analysis & Company Profile
Business Review’s Magna International Inc. contains a company overview, key facts, locations and subsidiaries, news and events as well as a SWOT analysis of the company.
