How Magna Manages Transformation
Magna International’s decentralized operating culture reinvented itself in the past decade around innovation and technology.
Bill Hampton
Editor-in-Chief, AutoBeat Daily
Adient Refocuses on Core Seating Business
Restructures joint ventures with Yanfeng, divests Recaro unit
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.
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.
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.
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.
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.
An OG of SUVs: the 2020 Toyota Land Cruiser Heritage Edition
The Toyota Land Cruiser has been rolling on—and off—streets in America for more than 50 years. And the Heritage Edition is a nice tribute.
Gary S. Vasilash
Editor-in-Chief, Automotive Design & Production
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.
Transmissions for German OEMs
There is hope for the manual—but hybrids are gaining more traction.
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.
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.
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.
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.
JLR Aims to Reshape Driver's Seat Fitness
In the middle of a long trip, motorists often feel the need to “stretch their legs” to relieve stiffness. Jaguar Land Rover is developing a seating system to help.
Steve Plumb
Senior Editor, AutoBeat Daily , AutoBeat
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.
The Future of the Auto Industry Really Is Now
If you’re an automotive supplier, you really need to see this show
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.
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.
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.
Magna Scales Back Autonomy Partnership with Lyft
Refocuses efforts on ADAS and semi-autonomous tech
Steve Plumb
Senior Editor, AutoBeat Daily , AutoBeat
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.
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.
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.
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).
Israeli Lidar Firm Lands $130 Million in Funding
Israel’s Innoviz Technologies Inc. has secured $132 million in its Series C funding round.
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.
