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Latest Magna International Stories

2014-04-07 08:21:42

Investment, new products indicative of shift from mechanical to electronic systems AURORA, ON, April 7, 2014 /PRNewswire/ - Magna International Inc. announced that its Magna Closures operating unit, the global leader in latching system technology, has expanded its Dortec manufacturing facility to begin producing electronic systems and modules for the automotive industry. The $1.5-million expansion will create 75 new jobs and further positions Magna Closures to meet the growing...

2014-04-03 08:20:53

-- Led by key industry veterans, the Nominees will build a leading, focused automotive technology company. -- Will provide effective management oversight, improve operational and financial performance, reinforce financial controls, repair Martinrea's overlevered balance sheet, and enhance customer relationships. -- Nominees have extensive backgrounds and proven expertise in the automotive industry, finance and accounting, financial control,...

2014-02-26 08:20:14

MILA Blue combines lightweight construction, alternative drive and emotional design VIENNA, Austria, Feb. 26, 2014 /PRNewswire/ - Magna International Inc. will showcase its diverse capabilities through the MILA Blue vehicle concept at Geneva Motor Show 2014. MILA Blue is an innovative, natural-gas powered, A-segment lightweight vehicle that produces less than 49g CO(2)/km. MILA Blue, the seventh concept vehicle in the MILA family, represents a new, intelligent, lightweight...

2014-02-07 12:20:08

Exclusive agreement to advance R&D on bio plastics for the automotive industry SAILAUF, Germany, Feb. 7, 2014 /PRNewswire/ - Magna International Inc., a leading global automotive supplier, and bio-on, an Italian intellectual property company, have signed a cooperation agreement on December 13, 2013, to start exclusive R&D activities on the use of bio plastics for the automotive industry. bio-on has developed a new kind of bio plastic created through the use of...

2014-02-03 16:21:02

JV to supply exterior components to Chinese market SHANGHAI, Feb. 3, 2014 /PRNewswire/ - Magna International Inc., through its Magna Exteriors operating unit, and Chongquing Guangneng Rongneng Trim Co., Ltd., are pleased to announce the formation of a 50/50 joint-venture partnership. The newly formed JV, called Magna Guangneng Automotive Trim System (Hangzhou) Co., Ltd., will begin supplying the growing China automotive market through a new greenfield facility located in...

2014-01-30 12:20:24

GRAZ, Austria, Jan. 30, 2014 /PRNewswire/ - Magna International today announced that its Magna Steyr operating unit will continue its collaboration with the BMW Group through a new vehicle manufacturing contract for its facility in Graz, Austria. The new production program would start following the end of production of the current MINI models MINI Countryman and MINI Paceman being assembled by Magna Steyr in Graz. Further information will be communicated at a later date. "This...

2014-01-27 16:20:35

AURORA, ON, Jan. 27, 2014 /PRNewswire/ - Magna International Inc. (TSX: MG) (NYSE: MGA) will release its financial results for the fourth quarter and year ended December 31, 2013 on Monday, March 3, 2014. Magna will hold its quarterly conference call on Monday, March 3, 2014 at 8:00 a.m. Eastern. The number to use for this call is 1-800-381-7839. Overseas callers should use 1-212-231-2901. Please call in at least 10 minutes prior to start time. The conference call will be...

2014-01-15 04:21:20

AURORA, ON, Jan. 15, 2014 /PRNewswire/ - Magna International Inc. (TSX: MG) (NYSE: MGA) today announced its financial outlook for 2014. All amounts are in U.S. dollars. Don Walker, Magna's Chief Executive Officer commented: "Our outlook indicates our continued progress in expanding our business in high growth regions, particularly in Asia. In addition, our outlook reflects our commitment to improving operating results in Europe including through ongoing restructuring,...


Word of the Day
omphalos
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.
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