#MAGNA

Interiors

Adient Refocuses on Core Seating Business

Restructures joint ventures with Yanfeng, divests Recaro unit

Interiors

Gentex, Aston Martin Concept Takes Integrated Approach to Rear Vision

When you’re driving a super-expensive supercar, maybe you want something more than just traditional sideview mirrors. Gentex and Aston Martin are testing a new approach that provides camera-based views too.

Business

Vietnam Carmaker Takes Aim at U.S.

Vietnam’s first local carmaker, 2-year-old VinFast, aims to do something no Chinese OEM has yet accomplished: launch sales in the U.S.

Business

Toyota, BMW Increase Investment in May Mobility

Self-driving-shuttle company May Mobility Inc. has raised $50 million in a Series B funding round led by Toyota Motor Corp.

Labor

Magna Posts Profit Losses, Lowers Outlook

Magna International Inc. swung to a third-quarter loss as revenue shrank, largely because of the protracted strike at General Motors Co. plants in North America.

Cax

VinFast and Digital Speed

When you’re talking about a 21-month development from design to production, you’re talking about blistering speed. And that’s what a startup has accomplished.

Propulsion

Magna Wins Mega BMW Transmission Order

Magna International Inc. says it has received a long-term contract from BMW AG to supply dual-clutch transmissions for 150 of the carmaker’s model variants.

Hybrid

Transmissions for German OEMs

There is hope for the manual—but hybrids are gaining more traction.

Hybrid

Magna Launches Electric Drive Factory in China

Magna International Inc. has opened a factory in Shanghai to make integrated electric drive systems for Volkswagen AG vehicles built in China and Europe.

Production

NHTSA to Test Swapping Cameras for Mirrors

The National Highway Traffic Safety Administration says it will finally begin to test the safety of replacing traditional rearview mirrors with cameras.

Business

Magna’s Second-Quarter Profits Fall 28%

Magna International Inc. posted a slight decline in revenue and a 28% drop in net income for the second quarter of 2019.

Infrastructure

Magna, BAIC Finalize China EV Partnership

Magna International Inc. and China’s BAIC Group (Beijing Automotive Industry Holding Co.) have agreed on a framework for the electric vehicle joint venture they announced last summer.

Assembly

Magna Opens $1.4 Billion Paint Shop in Slovenia

Contract assembler Magna Steyr AG has opened a $1.4 billion paint shop in Slovenia to support its assembly plant in Graz, Austria.

Interiors & Electronics

The Future of the Auto Industry Really Is Now

If you’re an automotive supplier, you really need to see this show

Business

Ford Will Cut 12,000 Jobs in Europe by 2020

Ford Motor Co. says it will reduce its European workforce by 20%, eliminating 12,000 jobs in the region by the end of next year.

Design

Magna Touts Flexible Seat Trim

Magna International Inc. says its new FreeForm seat trim cover can enhance comfort, packaging and design attributes.

Vietnam Launches Its First Domestic Car

Vietnam’s Vingroup conglomerate has begun production of the country’s first domestically produced auto brand, VinFast.

Autonomous Vehicles

Why Detroit Needs the Valley—and Vice Versa

Anyone can see the looming changes facing global automakers who are grappling with new technologies, stricter emissions standards, and apps that are turning car buyers into renters (or simply riders). Automobiles are increasingly becoming connected, electrified, and autonomous supercomputers on wheels.

Toyota Tops Carmakers in 2018 Patents

Toyota received an automotive industry-best 2,500-plus patents in the U.S. last year, according to Harrity & Harrity LLC.

Business

Magna Cuts Outlook as Income Jumps 68%

Magna International Inc. reports its adjusted net income in the first quarter of 2019 surged to US$1.1 billion from $660 million in the same period last year.

Quality

Rhode Island to Test Self-Driving Shuttle Service

Rhode Island will launch a pilot program next week in Providence to test a self-driving shuttle van.

Hybrid

Chinese Startup Plans Long-Range EV

Bordrin Motor Corp., a three-year-old Chinese startup company, is developing an all-electric crossover vehicle with a targeted driving range of 550 km (342 miles).

Business

Israeli Lidar Firm Lands $130 Million in Funding

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

Propulsion

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.