#MAGNA

Business

Magna Expands Relationship with Israeli Lidar Company

Magna International Inc. has made an unspecified investment to expand its collaboration with  Innoviz Technologies Ltd., a two-year-old Israeli-based developer of solid-state lidar sensors for self-driving vehicles.
#Magna #Delphi

Autonomous Vehicles

Magna Touts Level 4 Autonomous Platform

Canada’s Magna International Inc. says it has developed an integrated platform that enables Level 4 autonomous vehicle operation (hands-free braking, steering, throttle and lane-changing) in most city and highway driving.
#Magna #Cadillac #tech

Electronics

Innoviz Gets Even More Tier One Support

Consider this: a company that was founded in January 2016 by former members of the Israeli Defense Forces has, within the matter of a couple of weeks, made agreements with two of the world’s leading automotive suppliers.
#Delphi #Magna #supplier

Mobility

MIT, Clemson Join AutoMobili-D's University Lineup

The Massachusetts Institute of Technology and South Carolina’s Clemson University will participate in the AutoMobili-D expo in Detroit next January.
#Magna #AutomobiliPininfarina #RimacAutomobili

Economics

Magna Posts Record Second-Quarter Results

Magna International Inc. reports its revenue and net income in April-June grew 3% to US$9.7 billion and 1% to $561 million, respectively.
#BMW #Magna

Electronics

Conti & Magna and the Run North to CAR MBS

Yesterday through Thursday, the Grand Traverse Resort in northern Michigan is the epicenter of automotive technology as here the Center for Automotive Research (CAR) is holding its annual Management Briefing Seminars (MBS), which brings together the best and the brightest and boldest in the automotive industry.
#Cadillac #Chrysler #Magna

Autonomous Vehicles

Conti, Magna Drive Autonomous Vehicles Through Detroit-Windsor Tunnel

Continental, Magna International, the Michigan Dept. of Transportation and Ontario Ministry of Transportation are demonstrating two self-driving vehicles today in an international trip through parts of Michigan and Ontario.
#Continental #Chrysler #tech

Sales

The Jaguar E-Pace and Magna

While “Jaguar” and “sports car” are almost synonymous, the people at Jag undoubtedly looked at the fortunes of their sister company, Land Rover, and recognized that the whole utility universe is expanding faster than Edwin Hubble thought the whole universe is.
#BMW #MercedesBenz #oem

Production

JLR to Build Second SUV Model in Austria and China

Jaguar Land Rover Ltd. says it will make its upcoming Jaguar E-Pace compact crossover in Austria and China because its British factories are already running at or near full capacity.
#HP #Magna #Land Rover

Regulations

Flawed Fuel Tank Flanges Could Trigger Massive Recalls

Fuel tank flanges that may crack, leak and cause a fire could prompt at least eight carmakers to recall millions of vehicles.
#Ford #Land Rover #Porsche

Hybrid

Magna Steyr Will Build BMW 5 Series Hybrid

Contract assembler Magna Steyr says it will begin to assemble the plugin hybrid version of BMW AG’s 5 Series sedan beginning this summer.
#MINI #Land Rover #Magna

2018 Chevy Traverse Gets Magna's Next-Gen LED Headlights

Magna International Inc. has developed an integrated light-emitting-diode headlight system that will debut this year on General Motors Co.'s 2018 Chevrolet Traverse crossover vehicle.
#GeneralMotors #Chevrolet #tech

Magna Joins Mobility Tech Accelerator

Magna International Inc. has joined RocketSpace Inc.’s new Mobility Tech Accelerator Program that aims to spur innovation by connecting startup companies with corporate partners.
#Magna #IBM #Volkswagen

Magna Launches Rearview Mirror/Camera

Magna International Inc. is introducing a video camera-based rearview mirror system to enhance visibility.
#Magna #Gentex #tech

Economics

Magna’s First-Quarter Income Climbs 19%

First-quarter pretax and net income for Canadian mega-supplier Magna International Inc. each rose 19%, to US$806 million and $586 million, respectively.
#Magna

Maserati’s Vision


#HP #Magna #Maserati

Magna Creates Tech Council

Magna International Inc. has created a technology advisory council to help the company identify new business opportunities.
#Apple #Magna #Siemens

Business

Magna Partners with Chinese Seating Supplier

Magna International Inc. has agreed to form a joint venture with China's Hubei Aviation Precision Machinery Co. (HAPM).  The companies expect to close the deal in the fourth quarter.
#Magna #asia

AI

Canadian Consortium Targets Research on Artificial Intelligence

Several Canadian companies, universities and government agencies have created the Vector Institute for Artificial Intelligence to develop and commercialize AI-based technologies, including self-driving cars and advanced manufacturing systems.
#Google #Magna

Assembly

Magna Proposes €1.2 Billion Auto Plant in Slovenia

Magna International Inc. wants to build a €1.2 billion ($1.3 billion) assembly plant in Slovenia that will be able to make as many as 200,000 vehicles per year, Reuters reports, citing a government statement.
#facilities #BMW #MercedesBenz