#MAGNA

Business

Israeli Lidar Firm Lands $130 Million in Funding

Israel’s Innoviz Technologies Inc. has secured $132 million in its Series C funding round.
#Magna #asia #Aptiv

Hybrid

Magna Steyr May Make EVs in U.S. for Startup Evelozcity

Contract assembler Magna Steyr has signed a letter of intent to build electric cars—preferably in the U.S.—for Los Angeles-based startup EVelozcity Inc., sources tell Automobilwoche.
#Magna #MercedesBenz #Toyota

Economics

Magna’s Quarterly Sales Hit Record High as Profits Drop

Magna International Inc.’s revenue grew 5% to a record US$10.1 billion in the fourth quarter of 2018. But net income fell 18% to $456 million.
#BMW #Magna #Jaguar

Business

The Challenge of China

In late November the New York Times ran a 20-page special report in a Sunday edition titled “China Rules.” If you know anything about the state of publishing—especially newspapers—in this age of reading things on screens, you probably know that running 20 pages, of which only one was an ad, and a house ad at that, is no small undertaking.
#Bosch #Aisin #Continental

Interiors

IAC Beefs Up Leadership Team

Interiors specialist International Automotive Components Group has hired four executives as part of a realignment that adds new chief technical officer and chief supply chain officer positions.
#JohnsonControls #Magna #people

Toyota Supra Breaks Cover

Toyota Motor Corp. took the wraps off the 2020 Supra sports coupe at this week’s Detroit auto show Toyota is reviving the nameplate after a 17-year hiatus.
#Magna #asia #HP

FCA Taps Magna Steyr Exec as Purchasing Chief

Carl Smiley, formerly president of Magna Steyr’s Asia operations, has been appointed to the newly created position of purchasing and supply chain chief for Fiat Chrysler Automobiles NV.
#FiatChryslerAutomobiles #Magna #people

Business

Harman to Produce Lidar for Innoviz

Innoviz Technologies Inc. has formed a partnership with Stamford, Conn.-based Harman International Industries Inc. to produce the Israeli startup company’s InnovizOne solid-state lidar system for carmakers.
#Magna #Aptiv #Harman

Autonomous Vehicles

About Autonomy: Three Views

Yes, there will be more autonomous technology coming at an ever-increasing rate. Which means all the more considerations must be taken into account.
#Hyundai #Nissan #McLaren

Automation/Robotics

What’s Behind the Auto Supplier Mega Mergers?

Intel and similar companies know they have the opportunity to claim a whole new level of relevance in the automotive market, as software and automation claims a greater share of the future automobile.
#Qualcomm #Harman #GKN

Electronics

Magna Advances Seating Configurations

Magna International is focusing on electrification, autonomy and smart mobility. This is taking the form of things ranging from an electrified system for rear axles (eDrive 1.0) to a collaborative arrangement with Lyft, which includes the co-development and manufacture of self-driving systems.
#oem #Chrysler #Ford

Propulsion

2018 Jaguar E-PACE First Edition

The thing about the Jaguar E-PACE is that although this compact sport utility vehicle is said to have been inspired by the F-TYPE, which is a stunningly styled sports car, it seems that the E-PACE, blather about shared DNA notwithstanding, doesn’t have the punch nor the panache that the F-TYPE does, which may say more about the styling limits of the SUV form than it does the E-PACE in particular.
#Magna #Apple #oem

Electronics

Innoviz Lidar Wins CES “Best of Innovation” Award

Israel’s Innoviz Technologies Inc.’s solid-state lidar system was selected as the “Best of Innovation” winner in the Vehicle Intelligence and Self-Driving Technology category by the organizers of the CES electronics show.
#Magna #Aptiv #MagnetiMarelli

Sales

Magna’s Sales, Net Earnings Rise

Magna International Inc.’s third-quarter sales revenue rose 9% to US$9.6 billion.
#Magna

Interiors

On the 2019 Hyundai Santa Fe

The fourth-generation of this compact crossover is improved, enhanced and optimized inside and out.
#Toyota #HP #Ford

Tech Watch: Nov. 2018

  
#Bosch #MINI #Audi

Business

Magna Founder Stronach Claims Family Mismanaged Assets

Frank Stronach, who founded Canadian supplier Magna International Inc. in 1957, reportedly has filed a lawsuit in Ontario claiming his daughter and other family members are mismanaging the family’s assets and trust funds.
#Magna #people #legal

Production

Magna Adds Czech Seating Plant to Serve BMW

Canada’s Magna International Inc. has opened a factory in Chomutov, Czech Republic, to supply seats to BMW AG for multiple vehicle programs.
#Magna #BMW #europe

Economics

Vietnam Startup Gets $950 Million Credit Line

Vietnamese startup VinFast Manufacturing and Trading Co. Ltd. has arranged a $950 million line of credit to help launch its first model in 2019, Reuters reports.
#Italdesign #Magna #AutomobiliPininfarina

Toyota Supra to Get Detroit Reveal

Toyota Motor Corp. plans to unveil the production version of its upcoming Supra sports car in January at the Detroit auto show.
#Magna #BMW #Toyota