#MAGNA

BMW Appoints New “M” Boss

Markus Flasch has been named chairman of BMW AG’s “M” performance division, effective Oct 1.
#BMW #people #Magna

Business

Magna Sells Fluid Controls Unit to S. Korea’s Hanon Systems

Magna International Inc. has agreed to sell its Fluid Pressure and Controls operations to South Korea’s Hanon Systems for $1.2 billion.
#Magna #asia

Intelligent Transportation

Self-Driving-Shuttle Service to Launch in Ohio

Ann Arbor, Mich.-based May Mobility Inc. will begin operating a self-driving shuttle van service in Columbus, Ohio, late this year.
#Magna

Business

Waymo Surges Ahead in Automated-Driving Patents

Waymo LLC has jumped to the top of a patent-based index of competitiveness in autonomous-driving technology, according to The Nikkei.
#Waymo #tech #Bosch

New VinFast Models Repurpose Old Bimmer Platforms

Vietnam-based VinFast’s first vehicles, a midsize car and SUV/crossover, will be based on BMW AG’s previous-generation 5 Series sedan and X5 crossover, respectively.
#Italdesign #ZF #Tata

Business

Artificial Intelligence Startup Raises $65 Million

ThinCI Inc., an El Dorado Hills, Calif.-based startup that specializes in artificial intelligence (AI) and vision processing technologies for self-driving cars, says it raised $65 million through a just-completed Series C funding round.
#Denso #Daimler #Magna

Business

Magna Forms JV with Micro-LED Startup

Magna International Inc.’s electronics subsidiary has formed a joint venture with Rohinni LLC, a 5-year-old Idaho startup that specializes in ultra-bright micro-LED technology.
#Apple #Magna

Economics

Magna Lowers Outlook as Sales Set Record High

Magna International Inc.’s second-quarter sales and earnings climbed 12% and 13%, respectively, in April-June.
#Magna

Finishing

When Major Suppliers Are There It Is Real

BASF’s Coatings division to supply the surface-pretreatment and waterborne coatings for the NIO ES8, a seven-passenger electric SUV.
#NIO #Audi #Mobileye

Assembly

Magna Partners in China on Contract Assembly Plan

Magna International Inc.’s month-old joint venture with BAIC Group aims to building vehicles for ride-hailing giant DiDi Chuxing Technology Co., sources tell Reuters.
#BAIC #Magna #Volkswagen

VinFast Readies Two Luxury Models

Vietnam-based VinFast plans to unveil a pair of production ready luxury models—a sedan and crossover/SUV—at the Paris auto show in October.
#GeneralMotors #Italdesign #Magna

Toyota Previews 2019 Supra

Toyota Motor Corp. raced a camouflaged version of its upcoming Supra sports car this week at England’s Goodwood Festival of Speed hill climb.
#Carbon #Magna #europe

Autonomous Vehicles

Lidar Takes Flight

The advent of advanced driver-assist systems and autonomous vehicles opens the door for several new technologies and the suppliers developing them.
#Valeo #Zenuity #tech

Business

Magna Buys Italian Lighting Supplier OLSA

Canada’s Magna International Inc. has agreed to buy OLSA SpA, a Turin-based supplier of advanced front and rear lighting systems.
#Daimler #Magna #europe

IAC Group Names Gingl as New CEO

Luxembourg-based International Automotive Components Group has installed Manfred Gingl as its CEO, effective immediately.
#Multimatic #Magna #people

Hybrid

Magna Forms Joint Ventures in China

Magna International is forming two new joint ventures with Beijing Electric Vehicle Co. (BJEV), a subsidiary of the state-owned automotive group BAIC, for (1) engineering and (2) manufacturing electric vehicles.
#BAIC #body #BMW

Hybrid

Magna Partners with BAIC to Make EVs in China

Canada’s Magna International Inc. has formed two joint ventures with Beijing Electric Vehicle Co. (BJEV) to build electric cars in China, starting in 2020.
#BAIC #asia #Magna

Quality

Magna Partners with May Mobility on Self-Driving Shuttle

Canada’s Magna International is teaming up with May Mobility, an Ann Arbor Mich.-based startup, to deploy and test self-driving shuttle vans.   
#BMW #Ford #GeneralMotors

Hybrid

Jaguar Launches Electric Crossover in China

Jaguar Land Rover Automotive plc says it will begin selling its Jaguar I-Pace all-electric crossover vehicle in China in the fourth quarter of 2018.
#RangeRover #asia #Land Rover

Car/Ride Sharing

GM’s Ammann Quits Lyft’s Board

General Motors Co. President Dan Ammann is quitting the board of ride-hailing service Lyft Inc.
#Waymo #Magna #people