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Last updated on April 24, 2014 at 5:01 EDT

Latest Magna International Inc. Stories

2011-12-06 14:56:00

Acquires TK Chassis Operations in Brazil AURORA, ON, Dec. 6, 2011 /PRNewswire/ - Magna International Inc. announced today that its Cosma International operating unit has closed a transaction with ThyssenKrupp Automotive Systems GmbH to acquire ThyssenKrupp Automotive Systems Industrial do Brasil Ltda. (TKASB).  TKASB produces and assembles chassis structural components and modules for several Brazilian automotive customers from four plants, and had sales of approximately $250...

2011-12-01 09:12:00

AURORA, ON, Dec. 1, 2011 /PRNewswire/ - Magna International Inc. announced today that its Magna Electronics operating unit, in conjunction with Mobileye, its partner for image processing, has developed an innovative driver assistance system that uses a single, forward-looking video camera to provide safety and convenience features such as forward collision and lane departure warnings. More affordable than comparable systems, the Magna system has recently launched on General Motors...

2011-11-17 07:00:00

Positions company to deliver expanded range of lightweight structural component solutions AURORA, ON, Nov. 17, 2011 /PRNewswire/ - Cosma International, an operating unit of Magna International Inc., announced today that it has signed an agreement with the shareholders of the BDW technologies group (www.bdw-technologies.com), pursuant to which Cosma will acquire BDW's four operations. BDW is an industry leader in vacuum high-pressure aluminum die casting and expects full-year 2011...

2011-11-16 16:52:00

AURORA, ON, Nov. 16, 2011 /PRNewswire/ - Magna International Inc. (TSX: MG; NYSE: MGA) will hold an Investor Day event on Thursday, November 17, 2011 at which members of Executive and Operating Unit Management will make presentations.  The event will be held at its Promatek Research Centre in Brampton, Ontario at 9:00 a.m. EST (Toronto time).  The event will be webcast live and members of the public can access it at www.magna.com in the Investor section under Calendar of...

2011-11-03 04:56:00

AURORA, ON, Nov. 3, 2011 /PRNewswire/ - Magna International Inc. (TSX: MG) (NYSE: MGA) today reported financial results for the third quarter ended September 30, 2011. On January 1, 2011, we adopted United States generally accepted accounting principles ("GAAP") as our primary basis of accounting. All financial information in this press release has been revised to reflect our results as if they had been historically reported in accordance with U.S. GAAP....

2011-10-21 16:12:00

AURORA, ON, Oct. 21, 2011 /PRNewswire/ - Magna International Inc. (TSX: MG); (NYSE: MGA) will announce its financial results for the third quarter ended September 30, 2011, on Thursday, November 3, 2011. Magna will hold its quarterly conference call on Thursday, November 3, 2011 at 8:00 a.m. Eastern Time.  The number to use for this call is 1-800-909-4195.  Overseas callers should use 1-212-231-2931.  Please call in at least 10 minutes prior to start time.  The...

2011-10-13 04:00:00

AURORA, ON, Oct. 13, 2011 /PRNewswire/ - Magna International Inc. (TSX: MG) (NYSE: MGA) today announced that it is cooperating with the United States Department of Justice ("DOJ") with respect to an ongoing antitrust investigation of the automobile tooling industry. In connection with such investigation, the DOJ has requested documents related to various tooling bids, including a tooling program for which a subsidiary within our Cosma International operating unit acted as Tier 1...

2011-08-31 09:45:00

Positions company to become a global manufacturer of structural aluminum castings AURORA, ON, Aug. 31, 2011 /PRNewswire/ - Cosma International, a leading global automotive metalforming supplier and an operating unit of Magna International Inc., announces the acquisition of Grenville Castings (2007) Limited ("Grenville Castings"), a structural casting supplier of aluminum components for the automotive, heavy truck and recreational markets. Grenville Castings, headquartered in Perth,...

2011-08-05 12:15:00

AURORA, ON, Aug. 5, 2011 /PRNewswire/ - Magna Exteriors and Interiors, an operating unit of Magna International Inc., announced today that it has expanded its footprint in China by forming a joint venture to purchase an existing injection molding and painting facility located in Wuhu, a city in the Anhui province of southeastern China. The three-party joint venture, called MCC Wuhu Exteriors, consists of Magna Exteriors and Interiors (51%), CAIP (Changshu Automotive Trim Co., 34%)...

2011-08-05 04:00:00

AURORA, ON, Aug. 5, 2011 /PRNewswire/ - Magna International Inc. (TSX: MG) (NYSE: MGA) today reported financial results for the second quarter ended June 30, 2011. On January 1, 2011, we adopted United States generally accepted accounting principles ("GAAP") as our primary basis of accounting. All financial information in this press release has been revised to reflect our results as if they had been historically reported in accordance with U.S. GAAP....