#MAGNA

Autonomous Vehicles

Innoviz to Supply Lidar to Chinese Autonomous-Tech Developer

Israel’s Innoviz Technologies Inc. says it will supply its solid-state lidar technology to Beijing-based HiRain Technologies Co., which is developing an autonomous driving system for the Chinese market.
#Magna #Aptiv #asia

Assembly

Hyundai May Subcontract Some Vehicle Production

Hyundai Motor Co. may invest in a vehicle assembly plant in Gwangju, South Korea, that would be operated by a contractor.
#Hyundai #Magna #facilities

Electronics

Magna Hikes R&D Budget by $300 Million

Magna International Inc. plans to increase spending on research and development by $100 million this year and by another $100 million in each of the next two years.
#BMW #tech #Magna

Economics

U.S. Pressures GAZ to Drop Deripaska Ties

Russian carmaker OAO GAZ can avoid new U.S. economic sanctions only if oligarch Oleg Deripaska disposes of his ownership of the company through his Basic Element group, according to the U.S.
#Porsche #people #Magna

Autonomous Vehicles

Magna, Renesas Partner on Surround-View Camera

Magna International Inc. is teaming up with Japanese chipmaker Renesas Electronics Corp. on a 3D surround view camera system designed to assist motorists in parking and low-speed driving maneuvers.
#tech #RenesasElectronics #Magna

Economics

U.S. Sanctions on Russia Stall Porsche SE Board Assignment

U.S. economic sanctions against Russia have interfered with plans by Porsche Automobil Holding SE to add GAZ Group Chairman Siegfried Wolf to its supervisory board.
#Porsche #europe #Vauxhall

Sales

Magna Posts Record Sales, Earnings

Magna International Inc. reports a 21% jump to $10.8 billion in first-quarter sales and 14% increase to $660 million in net income. Both results were records.
#Magna

JLR Names New Manufacturing Chief

Jaguar Land Rover Ltd. has appointed Grant McPherson to head its manufacturing operations, effective July 1.
#europe #Honda #Magna

Plastics

Simulating Long-Fiber Composites

Long carbon fiber-reinforced thermoplastics may get increased use thanks to simulation capabilities.
#Toyota #Carbon #Autodesk

Business

Magna/Innoviz Win Lidar Deal with BMW

Magna International Inc. and partner Innoviz Technologies Ltd. say they have won a contract with BMW AG to supply Innoviz’s solid-state lidar sensors on semi- and fully autonomous vehicles.
#BMW #tech #Magna

Business

Magna Forms Door Module JV in China

Canada’s Magna International Inc. and Beijing Hainachuan Automotive Parts Co. (BHAP) have formed a joint venture to produce door modules in China.
#Magna #asia

Magna, Toyota Founders Lead 2018 Hall of Fame Inductees

The Automotive Hall of Fame is adding Kiichiro Toyoda, Frank Stronach, Mike Jackson and the Magliozzi brothers to its honor roll this year.
#Multimatic #people #Toyota

Quality

Ford Begins Testing Carbon Fiber Subframe from Magna

Ford Motor Co. has begun validation tests on a prototype carbon fiber composite subframe co-developed with Magna International Inc.
#Ford #Magna #tech

Autonomous Vehicles

14 Suppliers Win PACE Awards for Innovations

Most of the 14 winners of this year’s PACE Awards (Premier Automotive Suppliers’ Contribution to Excellence) were related to autonomous, connected and electrified vehicle programs.
#GeneralMotors #Valeo #Audi

Design

VinFast: A Vietnamese Auto Startup Living Up to Its Name

A Vietnamese start-up auto company is doing what it name implies: VinFast Manufacturing and Trading Company Limited is going exceedingly fast in vehicle development.
#Italdesign #Magna #engineer

Production

Magna Steyr to Produce BMW-Toyota Sports Cars

Magna Steyr has been contracted to assemble the new sports cars jointly developed by BMW and Toyota, sources tell Automotive News Europe.
#europe #Magna #Toyota

Electronics

Magna, Lyft to Develop and Market Self-Driving Systems

Ride-hailing service Lyft Inc. and mega-supplier Magna International plc have agreed to co-develop, produce and market an operating platform for self-driving vehicles.
#Magna

Composites

Magna Opens European Composites Center

Magna International Inc. has opened a Composites Center of Excellence in Esslingen, Germany.
#Magna #facilities #Ford

Production

Magna’s 200,000-Unit Capacity: For Full Vehicles

Generally automotive suppliers—even the giant ones—make parts, components and systems.
#MercedesBenz #oem #Magna

Production

Magna, Multimatic Partner with U-Ontario on Expanded Wind Tunnel

Two Canadian suppliers are partnering with the University of Ontario and Canadian government offices to turn the university's wind tunnel into the world's most advanced facility of its kind.
#Multimatic #Magna #facilities