Magna International Inc.


All the very latest information about Magna International Inc. in one place. The latest Magna International Inc. business news, analysis, comment and interviews, all from our automotive industry experts at just-auto.

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Latest news


Coronavirus gets worse - the week

7 February 2020

The coronavirus, for which we can apparently thank a 'live' food market in the Chinese city of Wuhan, clearly was on your minds this week, unsurprising as we have a large readership toiling daily in the automotive supply chain and component industry. Takeaway: it ain't good and it's going to get worse before it gets better as, despite a massive effort by health authorities - and drug companies - worldwide, it continues to spread.


Chinese auto industry impacted hard by coronavirus

3 February 2020

China's automotive industry is expected to take a massive hit from the rapid spread of the corona virus in the last two weeks, at least in the first quarter of the year but very possibly for longer.


Coronavirus and Brexit - the week

31 January 2020

As a colleague 'Skyped' first thing this morning: "What an incredible week for news - rarely known anything like it!" 


Magna stops China travel as coronavirus spreads

31 January 2020

Magna has joined a growing list of suppliers and OEMS which have banned travel to China as the coronavirus crisis expands across the world.


Magna forecasts sales growth to 2022

17 January 2020

Magna says its outlook to 2022 anticipates continued growth in total sales and improvement in EBIT Margin, both as compared to 2019, despite an expectation of relatively stable light vehicle production levels in North America and Europe during this same time period. 


CES and Ghosn - the week

10 January 2020

You might have noticed something called CES was on in Las Vegas this week.


CES - Sony's EV concept car surprise

7 January 2020

Sony's electric car concept unveiled at CES yesterday has been called one of the big shockers of the annual tech event in Las Vegas.


Ineos partners with Magna for utility SUV development

18 December 2019

Ineos Automotive has announced an expansion of its partnership with Magna. Its subsidiary, Magna Powertrain, has been responsible for chassis and suspension development since the inception of the Grenadier project.  It will now be joined by Magna Steyr, which will undertake the series development phase of the Grenadier - a utilitarian four-wheel-drive vehicle in the tradition of the Land Rover Defender.


Magna to acquire Wipac Czech s.r.o., expand lighting capabilities

27 November 2019

Magna has agreed to acquire Wipac Czech s.r.o., an automotive lighting engineering firm located in Ostrava, Czech Republic.


Magna posts Q3 sales down 3% to US$9.3bn

11 November 2019

Magna has recorded third-quarter sales down 3% to US$9.3bn, following the strike at General Motors.


Magna to develop and ‘auto qualify’ a more powerful and affordable electric motor

5 November 2019

Magna says it has been awarded a grant by the U.S. Department of Energy (U.S. DOE) to develop and ‘auto-qualify’ advanced electric motor technologies for next-generation vehicle propulsion systems.


Magna wins largest contract for transmissions

31 October 2019

Magna says it has secured its largest production order for transmission technologies from BMW Group.


Top trends - Q&A with Magna Car Top Systems

7 October 2019

For some time, we have observed how the small, rectangle-shaped car roof window is being outshone by more eye-catching roof designs. The design emphasis these days is less on the old tilt and slide sunroofs and more on glass roofs stretching the length of the car and smart combinations of convertible and glass roofs. Magna Car Top Systems, an operating unit of Magna is a global leader of open-air roof systems. To learn more about trends in the sunroof market, we caught up with Uwe Behrendt, Director of Sales for Magna Car Top Systems.


Modules out in front – Q&A with Magna Exteriors

1 October 2019

By outsourcing front-end modules (FEMs), automakers are able to reduce the number of operations on their assembly lines, simplify their supply chains, reduce modular weight and improve the ergonomic aspects of the assembly process. Magna Exteriors, a wholly-owned operating unit of Magna International, is among the global market leaders of FEMs. To learn more about how the market is shaping up, we spoke to Rob Selle, Global Product Line Technical Director, Magna Exteriors and Mark Pilette, Global Product Line Technical Manager, Magna Exteriors. In addition to FEMs, Magna Exteriors’ portfolio of products includes liftgates, door modules, exterior fascias and trim, active aerodynamic systems, running boards, sealing, trim and engineered glass.


GM lays off 1,200 more US and Canadian workers as UAW strike continues

24 September 2019

General Motors told over 1,200 workers in the US and Canada they were being temporarily laid off due to the United Auto Workers' ongoing strike.


Magna opens new electronics factory in Michigan

15 August 2019

Magna has officially opened of a new electronics manufacturing factory in Grand Blanc Township, Michigan.


Magna Seating VP on tomorrow's solutions

15 August 2019

Although lighter car seats remains a focus of research, other developments in seating have been taking place much faster than may be apparent on the surface. Automakers are demanding greater differentiation in their seat designs while motorists look for greater functionality and luxury. Are we nearly there yet? Matthew Beecham caught up with Dino Nardicchio, global VP of advanced technology engineering for Magna Seating, to learn how seats are becoming safer but more supportive, versatile and pleasant to sit in with a multitude of hidden creature comforts. Do we also discuss parenting and toddlers kicking dad drivers in the back? Well yes. Obviously.


Magna reports tougher second quarter

8 August 2019

Magna International said results came in slightly ahead of its expectations in the second quarter of 2019, driven by body exteriors & structures, power & vision and complete vehicles segments.


Magna wins Ohio seating business

6 August 2019

Magna has won seating business in North America with an unnamed global automaker and will supply structures from a new manufacturing facility in Lancaster, Ohio.


Magna inks EV production joint venture with BAIC, Zhenjiang

26 July 2019

Magna International has signed a joint venture agreement with China's BAIC Group and the Zhenjiang municipal government to build new energy vehicles in the city of Zhenjiang in Jiangsu province.


Reflections on a market with Magna Mirrors

18 July 2019

Vehicle rearview mirrors have transformed into complex vision systems jammed with electronics and consumer safety features. Magna Mirrors is a global leader in the innovation and production of full mirror systems. Continuing just-auto/QUBE’s series of interviews with tier one component suppliers, we caught up with Keith Foote, Vice President of Engineering at Magna Mirrors of America about the auto-dimming, feature-packed exterior mirrors and mirrorless cars.


Hydrogen storage fuels innovation - Q&A with Magna Steyr

15 July 2019

Magna Steyr is a global, brand-independent engineering and manufacturing partner to automakers, offering solutions for a range of services with development and assembly strategies. Its product expertise includes fuel tanks and systems. To learn more about this part of the business, we spoke to Jean-Luc Bichler, Vice President, Magna Steyr Fuel Systems and Martin Seiner, Director, Sales, Magna Steyr Fuel Systems.


Interiors maker moving in to supply FCA's new Detroit plant

10 July 2019

Interiors supplier Dakkota Integrated Systems is to build a plant in Detroit supplying Fiat-Chrysler Automobiles on the 'brownfield' site of a shuttered high school, and will prioritise city residents for jobs there.


just-auto Plus only Hydrogen storage fuels innovation – Q&A with Magna Steyr Fuel Systems

8 July 2019


Ford Europe restructuring costing 12,000 jobs

27 June 2019

Around 12,000 axed jobs are part of the cost of Ford launching "a new business model and fresh vehicle line-up" today in what it called "the most comprehensive redesign in the history of its business in Europe".


just-auto Plus only Market reflections - Q&A with Magna Mirrors

24 June 2019


VinFast launches first home grown model in Vietnam

24 June 2019

The leading domestic conglomerate in Vietnam, VinGroup, officially opened its new vehicle assembly plant in the northern port city of Haiphong with a ceremony attended by prime minister Nguyen Xuan Phuc and other government officials.


just-auto Plus only Hanon Systems acquires Magna's Global Fluid Pressure and Controls Business

1 April 2019


Magna Q4 net income up 22% to US$456m

22 February 2019

Magna has revealed fourth-quarter net income up22% to US$456m, while sales rose 5% to USUS$10.1bn.


FCA names new purchasing and supply chain chief

9 January 2019

Fiat Chrysler Automobiles (FCA) has placed Carl Smiley in the new role of chief purchasing & supply chain officer and he started immediately.

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Magna International Inc. news

Coronavirus gets worse - the week

7 February 2020

The coronavirus, for which we can apparently thank a 'live' food market in the Chinese city of Wu...


Chinese auto industry impacted hard by coronavirus

3 February 2020

China's automotive industry is expected to take a massive hit from the rapid spread of the corona...


Coronavirus and Brexit - the week

31 January 2020

As a colleague 'Skyped' first thing this morning: "What an incredible week for news - rarely know...


Magna stops China travel as coronavirus spreads

31 January 2020

Magna has joined a growing list of suppliers and OEMs which have banned travel to China as the co...


Magna forecasts sales growth to 2022

17 January 2020

Magna says its outlook to 2022 anticipates continued growth in total sales and improvement in EBI...


CES and Ghosn - the week

10 January 2020

You might have noticed something called CES was on in Las Vegas this week. The Consumer Electroni...



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