#MAGNA

Batteries

Clarios Taps Mark Wallace as New CEO

Former Dana exec to help position battery maker for electrified future

Business

Waymo Bumps External Funding to $3 Billion

New investments will go toward people, tech and operations

Materials & Lightweighting

13 Suppliers Take Home PACE Innovation Awards

Lightweighting applications to advanced communications and improved visibility

Interiors & Electronics

Automotive Lighting & Shining a Light on the Past

We talk advanced lighting strategies and learn from a historian on the “Autoline After Hours”

Business

Magna Makes Masks: And You Can, Too

Global supplier addresses critical need for protective masks—including instructions how you can make them at home

Materials & Lightweighting

On the 2021 Kia Seltos: Small Crossover with Big Presence

Kia grows its lineup of crossovers with a subcompact and provides it with tech so that it isn’t a vehicle that people buy wishing that they could afford something better. 

Economics

Waymo Rounds Up Nearly $2.3 Billion

Sale marks a step toward independence and sustainability

Car/Ride Sharing

How Magna Manages Transformation

Magna International’s decentralized operating culture reinvented itself in the past decade around innovation and technology.

Interiors

Adient Refocuses on Core Seating Business

Restructures joint ventures with Yanfeng, divests Recaro unit

Steel

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.

Interiors

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.

Autonomous Vehicles

Magna Scales Back Autonomy Partnership with Lyft

Refocuses efforts on ADAS and semi-autonomous tech

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.

Sales

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.

Regulations

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.

Economics

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.

Business

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.

Finishing

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.