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Magna International Inc. (T:MG)

Business Focus: Auto, Truck & Motorcycle Parts (NEC)

This company is also listed in the United States as MGA on the NYSE. Click here to get the live US quote and see if there are any SEC insider filings..
Mar 05, 2024 05:10 pm ET
Magna Announces Senior Notes Offering
Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into an underwriting agreement in respect of the offering of U.S.$400 million aggregate principal amount of senior unsecured notes due 2029 (the “notes”). The notes...
Mar 05, 2024 07:30 am ET
General Motors, Magna, and Wipro Team Up to Develop Automotive Software Marketplace: ‘SDVerse’
General Motors (GM), global automotive supplier Magna, and leading technology services and consulting company Wipro Limited, have teamed up to develop a B2B sales platform for buying and selling automotive software. The platform, called SDVerse,...
Feb 13, 2024 06:30 am ET
TSX Accepts Notice of Intention to Make Normal Course Issuer Bid
Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange ("TSX") had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to 300,000...
Feb 12, 2024 05:00 am ET
CORRECTION – Magna Announces Fourth Quarter 2023 Results and 2024 Outlook
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the fourth quarter and year ended December 31, 2023.    THREE MONTHS ENDEDDECEMBER 31, YEAR ENDEDDECEMBER...
Feb 09, 2024 05:00 am ET
Magna Announces Fourth Quarter 2023 Results and 2024 Outlook
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the fourth quarter and year ended December 31, 2023.    THREE MONTHS ENDEDDECEMBER 31, YEAR ENDEDDECEMBER...
Feb 06, 2024 08:00 am ET
Magna Awarded Specialized eDrive System Business With North America-Based OEM
Magna is growing its electrification customer base with a newly awarded contract from a North America-based OEM to supply a specialized primary rear eDrive system for one of the company’s high-end niche vehicle platforms. The award reinforces...
Jan 16, 2024 03:33 pm ET
Magna Announces Date for Q4 & Year End 2023 Results and 2024 Outlook Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FOR Q4 & YEAR END 2023 RESULTS and 2024 OUTLOOK CONFERENCE CALL  FRIDAY – FEBRUARY 9, 20248:00 AM ET  DIAL IN NUMBERSNorth America Toll-Free:1-800-621-4410International...
Jan 09, 2024 02:10 pm ET
Magna Unveils Next Generation eDrive at CES 2024
As CES 2024, one of the world’s largest and most powerful tech events, opens its doors, Magna is off to an electrifying start with the global unveiling of its next generation 800V eDrive solution that sets new standards in efficiency,...
Jan 09, 2024 02:05 pm ET
Magna Advances Road Safety With Impaired Driving Prevention Technology
At CES 2024, leading mobility technology company Magna introduced a breath and camera-based pre-development technology designed to combat impaired driving. The cutting-edge solution represents a significant milestone in the ongoing efforts to...
Dec 13, 2023 09:07 am ET
Magna and 360ofme to Host Women of Inforum@CES Networking Reception to Connect Women in Tech
 – Fifth Women of Inforum@CES event provides the opportunity for professionals in automotive, technology, and manufacturing to relax, connect, and network –
Dec 04, 2023 07:00 am ET
Magna Enhances ADAS Capabilities by Joining 5G Innovation Program
Magna, a leading global mobility technology company, is enhancing its automated driving capabilities by joining NorthStar – Telia Sweden and Ericsson’s 5G innovation program for industrial enterprises. As part of the agreement, Telia and Ericsson...
Nov 28, 2023 08:00 am ET
Magna Brings Better Mobility to Life at CES 2024
For nearly seven decades, Magna has been helping automakers build a better and safer world of mobility for all by driving change and innovation in the areas that matter most. At CES 2024 in Las Vegas, the mobility technology company will showcase...
Nov 03, 2023 05:00 am ET
Magna Announces Third Quarter 2023 Results
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the third quarter ended September 30, 2023. Please click HERE for full third quarter MD&A and Financial Statements.   THREE MONTHS ENDEDSEPTEMBER 30, NINE MONTHS...
Oct 11, 2023 08:00 am ET
Magna Introduces Industry-First, 100% Melt Recyclable Foam and Trim Seating Solutions
Magna announces its EcoSphere™ product family, an industry-first solution that eliminates the disposal of seating foam pads and trim covers in landfills by utilizing mono-material polyethylene terephthalate (PET) with the company’s innovative 100%...
Oct 04, 2023 02:11 pm ET
Magna Announces Date for Q3 2023 Results Call
Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FOR Q3 2023 RESULTS CALLFRIDAY – NOVEMBER 3, 20238:00 AM ETDIAL IN NUMBERSToll-Free:        1-800-908-9207International:        1-416-620-9188Webcast:        www.magna.comSlide...
Sep 07, 2023 05:00 am ET
Magna to Hold Virtual Investor Event, Updates 2025 Outlook
Magna International Inc. (TSX: MG, NYSE: MGA), a mobility technology company and global leader in the automotive industry, will hold a virtual investor event today. Magna’s Chief Executive Officer, Swamy Kotagiri and Chief Financial Officer, Pat...
Sep 04, 2023 06:40 am ET
Magna Brings Next Generation Front Camera Module to Market With European OEM
During its IAA Mobility 2023 press conference, Magna announced the start of production of its innovative Gen5 front camera module system for a European OEM. The high-volume business award will support various platforms across regions and vehicle...
Sep 04, 2023 02:30 am ET
LG Magna e-Powertrain Expands Footprint With New Facility in Hungary
LG Magna e-Powertrain, the Joint Venture (JV) between LG Electronics (LG) and Magna (Magna) formed in 2021, announced at IAA Mobility 2023 that it is expanding its footprint with a new facility in Miskolc, Hungary. The facility will be in Miskolc’s...
Aug 29, 2023 07:30 am ET
Magna Commits to Achieve Net-Zero by 2050
Magna is taking a significant step forward in its commitment to sustainability and environmental stewardship by submitting net-zero emissions targets for validation by the Science Based Targets initiative (SBTi), the widely-accepted benchmark for...
Aug 04, 2023 05:00 am ET
Magna Announces Second Quarter 2023 Results
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2023. Please click HERE for full second quarter MD&A and Financial Statements.   THREE MONTHS ENDEDJUNE 30, SIX MONTHS ENDEDJUNE...
Aug 01, 2023 07:30 am ET
Magna to Launch Industry-First Award With Modular eDecoupling Unit for BEVS
Magna is dedicated to advancing its electric driveline systems and powertrain technologies by prioritizing efficiency, safety, dynamics, and convenience. Demonstrating its commitment to innovation, the company has announced the start of production...
Jul 27, 2023 07:30 am ET
onsemi and Magna Sign Strategic Agreements to Invest in Silicon Carbide for Growing Electric Vehicle Market
onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, and Magna (NYSE: MGA; TSX: MG), a mobility technology company and one of the world’s largest automotive suppliers, announced a long-term supply agreement (LTSA) for Magna to integrate onsemi’s EliteSiC intelligent power solutions into its eDrive systems.
Jul 05, 2023 09:43 am ET
Magna Announces Date for Q2 2023 Results Call
Magna International Inc. (TSX:MG) (NYSE:MGA)  MAGNA ANNOUNCES DATE FOR Q2 2023 RESULTS CALLFRIDAY – AUGUST 4, 20238:00 AM ETDIAL IN NUMBERSToll-Free: 1-800-899-2086International: 1-416-641-6701Webcast: www.magna.comSlide presentation will be...
Jun 01, 2023 07:30 am ET
Magna Completes Acquisition of Veoneer Active Safety Business
Magna strengthens its active safety business with the completion of its acquisition of Veoneer Active Safety from SSW Partners. The deal, which closed today, positions Magna as one of a few suppliers equipped to tackle the increasing complexity...
May 11, 2023 05:07 pm ET
Magna Announces 2023 Annual Meeting Results
Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2023 annual meeting of shareholders held on May 11, 2023. A total of 226,558,449 Common Shares or 79.18% of our issued and outstanding Common Shares were...
May 05, 2023 05:00 am ET
Magna Announces First Quarter 2023 Results
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2023. Please click HERE for full first quarter MD&A and Financial Statements.   THREE MONTHS ENDED  March 31, 2023 March 31,...
May 03, 2023 07:00 am ET
Magna Awarded New High-Voltage eDrive Business With Europe-Based Global OEM
Magna is taking electrification to the next level of efficiency and range to help meet evolving customer requirements. Today, the company has announced it has been awarded a high-volume contract with a Europe-based Global Premium OEM to supply its...
Apr 20, 2023 07:30 am ET
Magna Celebrates a Production Milestone: 500,000 Mercedes G-Class Vehicles
The Mercedes G-Class is one of the most iconic luxury SUVs globally and has been built by Magna since 1979. The legendary off-road vehicle entered its 44th year of production in Graz, Austria and has reached the historic mark of 500,000 produced...
Apr 17, 2023 01:28 pm ET
Magna Announces Date for Q1 2023 Results Call
Magna International Inc. (TSX:MG) (NYSE:MGA)  MAGNA ANNOUNCES DATE FORQ1 2023 RESULTS CALL FRIDAY – MAY 5, 20238:00 AM ET DIAL IN NUMBERSToll-Free:        1-800-584-0405International:        1-416-981-9017Webcast:        www.magna.com Slide...
Apr 17, 2023 04:00 am ET
Magna Adds to Its Complete Vehicle Manufacturing Lineup With an All-New Electric Vehicle From INEOS Automotive
Magna is adding a new customer in engineering and complete vehicle manufacturing with the announcement that it has been awarded a contract to manufacture the all-new INEOS Automotive electric off-road vehicle contract – which is expected to start...
Mar 31, 2023 04:43 pm ET
Magna Posts 2022 Annual Report
Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2022 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available...
Mar 07, 2023 09:33 pm ET
Magna Announces Senior Notes Offerings
Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into underwriting agreements in respect of the offering of two series of U.S. dollar denominated senior notes (“U.S. dollar senior notes”) and one series of Euro...
Mar 07, 2023 08:45 pm ET
Magna Announces CAD Senior Notes Offering
Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into an agency agreement providing for the issuance, by way of private placement in each of the provinces of Canada, of CAD$350 million aggregate principal amount of...
Mar 07, 2023 07:00 am ET
Magna’s SmartAccess Power Door System Hits the Market in Style
Magna is revolutionizing vehicle access experiences with the launch of its SmartAccessTM power door system on the opposing rear doors of the Ferrari Purosangue. The complete system includes Magna’s power door drive unit, SmartLatchTM with cinch...
Feb 28, 2023 05:05 pm ET
Magna Announces Filing of Shelf Prospectus and Registration Statement
Magna International Inc. (TSX: MG; NYSE: MGA) (“Magna” or “we”) today announced that it has filed a short form base shelf prospectus with the Ontario Securities Commission (the "OSC") and a corresponding shelf registration statement with the United...
Feb 15, 2023 10:00 am ET
Magna Announces New Facility and Expands in Five Other Locations Across Ontario to Support New Business
Today, Magna announced it is investing more than $470 million to expand its operations across Ontario, Canada. The growth includes a new battery enclosures facility in Brampton to support the Ford F-150 Lightning and future OEM programs. In...
Feb 13, 2023 07:30 am ET
Magna Wins Battery Enclosures Business On First-Ever Chevrolet Silverado EV
Magna announced today that it has secured new business from General Motors (GM) to supply battery enclosures on the all-new 2024 Chevrolet Silverado EV. The company will produce the enclosures at its Magna Electric Vehicle Structures facility in...
Feb 10, 2023 05:00 am ET
Magna Announces Fourth Quarter 2022 Results and 2023 Outlook
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the fourth quarter and year ended December 31, 2022.   THREE MONTHS ENDEDDECEMBER 31, YEAR ENDEDDECEMBER...
Jan 24, 2023 06:00 am ET
Magna Updates 2022 Outlook to Reflect Preliminary Full Year 2022 Results
Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has updated its 2022 outlook to reflect an expected Adjusted EBIT Margin1 below the range disclosed in its press release dated November 4, 2022. Based on preliminary unaudited...
Jan 18, 2023 07:00 am ET
Magna’s ClearView™ Vision System Comes to Market on Ram Trucks
Magna’s advanced ClearView™ vision technology designed to make vehicles smarter and safer has made its production debut on the Ram 2500 and 3500 Heavy Duty trucks. The unique system, which bundles camera and mirror technology, has the potential to...
Jan 10, 2023 04:58 pm ET
Magna Announces Date for Q4 & Year End 2022 Results and 2023 Outlook Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA)  MAGNA ANNOUNCES DATE FOR Q4 & YEAR END 2022 RESULTS and 2023 OUTLOOK CONFERENCE CALL  FRIDAY – FEBRUARY 10, 2023 8:00 AM ET     DIAL IN...
Dec 21, 2022 07:00 am ET
Magna Morphing Surfaces Technology Offers New Possibilities in Automotive Design
Building on its expertise in producing millions of active aerodynamic systems for automakers, today Magna introduces Morphing Surfaces, the next generation vehicle exterior solutions that further increases efficiency while enhancing design....
Dec 20, 2022 05:00 am ET
Magna to Acquire Veoneer Active Safety Business
Magna International Inc. (TSX: MG; NYSE: MGA) today announced it has entered into an agreement to acquire the Veoneer Active Safety business from SSW Partners for $1.525 billion in cash, subject to working capital and other customary purchase price...
Dec 08, 2022 08:00 am ET
Greentown Go Move 2022 with BASF and Magna Announces Startup Cohort Focused on Automotive Industry Decarbonization
The accelerator program, which specializes in advancing startup-corporate partnerships with BASF and Magna, welcomes five startups working on emissions-reducing innovations for automotive manufacturing.
Nov 29, 2022 07:00 am ET
Magna to Take CES 2023 by Storm With Latest Tech for a Better World of Mobility
Magna is gearing up among the world’s leading innovators at CES 2023 in Las Vegas, where it will illustrate its world-class mobility solutions for a safer, more sustainable future for all. The company will highlight its latest technologies in the...
Nov 09, 2022 06:30 am ET
TSX Accepts Notice of Intention to Make Normal Course Issuer Bid
Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange ("TSX") had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to...
Nov 04, 2022 05:00 am ET
Magna Announces Third Quarter 2022 Results
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the third quarter ended September 30, 2022. Please click HERE for full third quarter Financial Statements and MD&A.    THREE MONTHS ENDED SEPTEMBER 30, NINE MONTHS...
Oct 26, 2022 07:00 am ET
Magna’s 48-Volt Hybrid Transmission System Started Production With Stellantis
Magna’s 48-Volt hybrid transmission hit the market on the Jeep Renegade, Compass e-Hybrid, Fiat 500 X and Tipo, the first models from Stellantis to be equipped with a 48-Volt hybrid system. The two companies have signed a multi-program agreement....
Oct 06, 2022 04:39 pm ET
Q3-2022 Results Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA)  Q3-2022 RESULTS CONFERENCE CALLFRIDAY – NOVEMBER 4, 20228:00 AM ET       DIAL IN NUMBERS  North America:International:Webcast: 1-800-926-50681-416-620-9188www.magna.com  Slide presentation will be...
Sep 21, 2022 12:00 pm ET
Magna Gears Up for Adventure With Employee Team Entered in the 2022 Rebelle Rally
Putting two of its experienced employees and its durable transfer case to the ultimate test of endurance and ability, Magna will field a two-woman team for the 2022 Rebelle Rally. The off-road rally, which runs Oct. 6-15, 2022, requires keen...
Sep 19, 2022 07:00 am ET
Magna's Industry-First Thermoplastic Rear Swing Doors Hit the Market
With the mobility transformation in full swing, Magna continues to deliver key technologies that address trends toward vehicle accessibility. Its latest innovation, rear thermoplastic swing doors, are hitting the market for the first time on the...
Sep 14, 2022 11:30 am ET
Magna Develops and Pilots Autonomous, On-Road Last-Mile Delivery Solution
Today, at the North American International Auto Show in Detroit, Mich., Magna revealed how it is leveraging its expertise in automotive electrification and autonomy to develop new mobility business opportunities. The company has successfully...
Sep 11, 2022 11:00 pm ET
Magna Enters Micromobility Market: Investing in Yulu and Creating Battery-Swapping Business
Mobility technology company Magna is expanding into the fast-growing micromobility market by investing $77 million in Yulu, India’s largest electrified shared mobility provider, and creating a battery-swapping service company. Yulu deploys...
Sep 07, 2022 08:00 am ET
Magna and Cartken to Collaborate on Autonomous Delivery Robots
Global mobility technology company, Magna, and San Francisco-based autonomous robotics company, Cartken, announced today an agreement for Magna to manufacture Cartken’s autonomous delivery robot fleet to meet growing demand for last mile delivery....
Aug 29, 2022 08:00 am ET
Magna Returns to NAIAS 2022 With All Its Power
The 2022 North American International Auto Show (NAIAS) is returning with its first-ever indoor-outdoor fall show and Magna will be there in full force demonstrating its commitment to the future of mobility. Also known as the Detroit Auto Show,...
Jul 29, 2022 05:00 am ET
Magna Announces Second Quarter 2022 Results
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2022. Please click HERE for full second quarter Financial Statements and MD&A.  THREE MONTHS ENDEDJUNE 30, SIX MONTHS ENDEDJUNE...
Jul 19, 2022 09:00 am ET
Greentown Labs Announces Go Move 2022 with BASF and Magna
The partnerships-focused accelerator is accepting applications from startups with solutions to decarbonize the automotive industry
Jul 11, 2022 12:01 pm ET
Q2-2022 Results Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA)  Q2-2022 RESULTS CONFERENCE CALLFRIDAY – JULY 29, 20228:00 AM ET      DIAL IN NUMBERS  North America:International:Webcast: 1-877-412-49461-416-620-9188www.magna.com  Slide presentation will be available...
Jun 02, 2022 08:00 am ET
Magna Illuminates the Future of Styling With Breakthrough Lighting
Exterior lighting is increasingly becoming a central styling differentiator while helping to improve safety through greater visibility. Magna’s Breakthrough Lighting solution featured on the thermoplastic liftgate known as Litgate, combines the...
May 18, 2022 08:00 am ET
BlackBerry and Magna Collaborate on Next-Generation Advanced Driver Assistance System Solutions for Global Automakers
WATERLOO, ON and AURORA, ON, May 18, 2022 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) and Magna International Inc. (TSX: MG; NYSE: MGA) have entered into a multi-year agreement to collaborate on various integrated Advanced Driver Assistance Systems (ADAS) solutions.
May 18, 2022 08:00 am ET
BlackBerry and Magna Collaborate on Next-Generation Advanced Driver Assistance System Solutions for Global Automakers
WATERLOO, ON and AURORA, ON, May 18, 2022 /CNW/ -- BlackBerry Limited (NYSE: BB; TSX: BB) and Magna International Inc. (TSX: MG; NYSE: MGA) have entered into a multi-year agreement to collaborate on various integrated Advanced Driver Assistance Systems (ADAS) solutions.
May 04, 2022 08:00 am ET
Magna’s Surround View System Launches on All-New Toyota Tundra
Magna’s advanced driver assist systems (ADAS) are helping pave the way for global automakers to enhance safety, comfort and convenience. The company’s next generation cameras and electronic control units which enable the benefits of 3D and surround...
May 03, 2022 05:00 pm ET
Magna Announces 2022 Annual and Special Meeting Results
Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2022 annual and special meeting of shareholders held on May 3, 2022. A total of 232,806,238 Common Shares or 78.92% of our issued and outstanding Common Shares...
May 02, 2022 08:00 am ET
Magna Begins Production of First Mild Hybrid Transverse Transmission for BMW Group
Magna continues its accelerated transformation toward electric mobility with the start of production of its mild hybrid transmission for BMW Group. Magna’s new 7-speed, mild hybrid dual-clutch transmission is the latest to be featured exclusively...
Apr 29, 2022 05:00 am ET
Magna Announces First Quarter 2022 Results
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2022. Please click HERE for full first quarter Financial Statements and MD&A.     THREE MONTHS ENDED    March 31, 2022 March...
Apr 21, 2022 08:00 am ET
Magna’s New Slovakia Facility to Support Growing ADAS and Electrification Market
Magna is expanding its ADAS and electrification footprint with the opening of a new plant in Kechnec, Slovakia. The brownfield facility will support two European automakers and new global entrant. Covering an area of approximately 22,000 square...
Apr 19, 2022 12:00 pm ET
LG Magna e-Powertrain Celebrates Groundbreaking of New Facility in Mexico
LG Magna e-Powertrain, a joint venture (JV) between LG Electronics (LG) and Magna International Inc. (Magna), celebrated the groundbreaking of its new plant in Ramos Arizpe, Mexico. Scheduled for completion in 2023, the new facility will produce...
Apr 19, 2022 09:31 am ET
Magna’s Upcoming Investor Event to Include Update on Strategy and Feature Driving Experiences
One year after Magna (TSX: MG, NYSE: MGA) rolled out its go-forward strategy, the company is back with its investor event scheduled for May 10, 2022, at the M1 Concourse in Pontiac, Michigan. Magna’s Chief Executive Officer Swamy Kotagiri will...
Apr 08, 2022 10:06 am ET
Q1-2022 Results Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA)  Q1-2022 RESULTS CONFERENCE CALLFRIDAY – APRIL 29, 20228:00 AM ET       DIAL IN NUMBERS  North America:International:Webcast: 1-800-897-85051-416-981-9028www.magna.com  Slide presentation will be...
Mar 25, 2022 10:10 pm ET
Magna Posts 2021 Annual Report
Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2021 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available...
Feb 22, 2022 11:42 am ET
Magna Enters Joint Venture With LAN to Assemble Seats in Michigan
Today Magna announced it has entered into a joint venture (“JV”) with LAN Manufacturing, a minority-owned automotive supplier based in Michigan. The JV, to be called LM Manufacturing, will assemble complete seats for various trucks and SUVs for...
Feb 11, 2022 05:05 am ET
Magna Announces Board Leadership and Other Changes
Magna announced today upcoming changes to the leadership of its Board of Directors, ahead of the company’s annual meeting scheduled for May 3, 2022. William L. Young, Magna’s Board Chair, has communicated his intention to retire at the end of his...
Feb 11, 2022 05:00 am ET
Magna Announces Fourth Quarter 2021 Results and Outlook
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the fourth quarter and year ended December 31, 2021.  THREE MONTHS ENDEDDECEMBER 31, YEAR ENDEDDECEMBER...
Feb 07, 2022 02:00 am ET
Magna Lands Industry-First Award for Integrated Driver and Occupant Monitoring System
With the rapid global growth of advanced driver assistance systems (ADAS), driver monitoring is quickly becoming an important feature and safety function. Getting ahead of Euro NCAP and General Safety Regulation mandates, Magna has secured a...
Jan 27, 2022 08:00 am ET
HASCO Magna eDrives Hit the Market on Volkswagen MEB Platform
Magna continues its growth in electrification with secondary eDrive systems hitting the market in Asia, Europe and North America on Volkswagen’s MEB platform. The HASCO Magna Electric Drive Systems Co., Ltd. (HME) team in China has started...
Jan 17, 2022 11:29 am ET
Magna Announces Date for Q4 & Year End 2021 Results and 2022 Outlook Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FOR Q4 & YEAR END 2021 RESULTS and 2022 OUTLOOK CONFERENCE CALL FRIDAY – FEBRUARY 11, 20228:00 AM ET DIAL IN...
Jan 11, 2022 08:00 am ET
Magna Adds More Than 120 Engineers, Strengthens ADAS Capabilities
Magna has added more than 120 employees of Optimus Ride, a provider of autonomous vehicle and mobility solutions located in Boston, to enhance Magna’s capabilities in the field of advanced driver assistance systems (“ADAS”). “Growing our...
Jan 05, 2022 02:00 pm ET
Magna’s EtelligentForce Simplifies Electrification of Truck Segment
Magna has kicked off the new year reinforcing its capabilities to produce electrification solutions that deliver the vehicle of the future and greater sustainable mobility, for all. The mobility technology company is highlighting EtelligentForce, a...
Dec 13, 2021 08:00 am ET
Magna All-Electric Powertrain Set to Hit Market in 2022
Magna’s all-electric connected powertrain, the EtelligentReach, is the latest innovation set to debut on a new entrant vehicle in 2022. The complete system is comprised of two electric motors, inverters and gearboxes, and leverages advanced...
Dec 02, 2021 08:00 am ET
Magna Secures Business For Hybrid Dual-Clutch Transmission Program
With the shift to electrified vehicles speeding up in society’s pursuit of cleaner and more efficient mobility, Magna is enabling global automakers to electrify their vehicle platforms with a full range of hybrid and fully electric powertrain...
Nov 15, 2021 08:00 am ET
Magna Fully Charged for CES 2022
Magna is charging toward CES 2022 in Las Vegas where it will highlight its commitment to creating a better world of mobility. The company is demonstrating how its complete vehicle expertise and systems approach touches all aspects of the vehicle...
Nov 10, 2021 06:30 am ET
TSX Accepts Notice of Intention to Make Normal Course Issuer Bid
Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange ("TSX") had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to...
Nov 09, 2021 08:00 am ET
Magna Helps Ford Electrify the Future With Battery Enclosures for F-150 Lightning
When the all-electric Ford F-150 Lightning hits showrooms next spring, Magna battery enclosures innovation will be protecting the truck’s important power source. Battery enclosures, which all electric vehicles require, house high-voltage...
Nov 05, 2021 05:00 am ET
Magna Announces Third Quarter 2021 Results
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the third quarter ended September 30, 2021. Please click HERE for full third quarter Financial Statements and MD&A.   THREE MONTHS ENDEDSEPTEMBER 30, NINE MONTHS...
Nov 04, 2021 08:20 am ET
Magna Secures Additional Business For Freeform™ Seat Trim Technology
Automakers are increasingly distinguishing themselves through styling and Magna’s FreeForm™ seating technology is just the answer. Launching on four new vehicles, one later this year and three in 2022, the distinctive seat trim technology provides...
Oct 20, 2021 07:32 am ET
Magna Updates 2021 Outlook
Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has updated its 2021 outlook to reflect declines in anticipated 2021 light vehicle production, including 7% and 9% in North America and Europe, respectively, in each case...
Oct 05, 2021 04:40 pm ET
Q3-2021 Results Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA) Q3-2021 RESULTS CONFERENCE CALLFRIDAY – NOVEMBER 5, 20218:00 AM ET DIAL IN NUMBERSNorth America:1-800-926-9175International:1-416-641-6701Webcast:www.magna.comSlide presentation will be available on our...
Oct 04, 2021 09:05 am ET
Magna Announces Termination of Merger Agreement With Veoneer
Magna International Inc. (TSX: MG; NYSE: MGA) today announced that the board of directors of Veoneer, Inc. has determined that the previously announced proposal by Qualcomm Incorporated to acquire Veoneer for $37 per share is a superior proposal...
Sep 20, 2021 05:50 pm ET
Magna And Veoneer Announce Expiration Of Hart-Scott-Rodino Waiting Period
Magna International Inc. (TSX: MG; NYSE: MGA) and Veoneer, Inc. today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, or HSR Act, in connection with the previously announced acquisition...
Sep 01, 2021 09:23 am ET
IAA Mobility 2021 Munich: Magna to Present Future Ready Portfolio
Magna’s commitment to delivering innovative products and systems that also create a better world for tomorrow will be on full display at the IAA 2021 Mobility Show. The show, in its new home in Munich, provides the ideal forum for sharing the...
Aug 18, 2021 08:00 am ET
Magna Mezzo™ Panel Modernizing the Face of Electric Vehicles
Magna is reimagining the face and functionality of electric vehicle front ends with its new Mezzo Panel technology. The fully integrated Mezzo Panel offers a fresh canvas for designers and an opportunity for engineers to seamlessly integrate...
Aug 06, 2021 05:00 am ET
Magna Announces Second Quarter 2021 Results
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2021. Please click HERE for full second quarter Financial Statements and MD&A.     THREE MONTHS ENDED JUNE 30, SIX MONTHS...
Jul 28, 2021 05:00 am ET
LG and Magna Sign Joint Venture Agreement and Announce Leadership Team
New Company to Fuse Magna's and LG's Electric Powertrain Strengths to Accelerate E-Drive Component Development
Jul 28, 2021 05:00 am ET
LG and Magna Sign Joint Venture Agreement and Announce Leadership Team
LG Electronics (LG) and Magna International Inc. (Magna) today signed the transaction agreement which establishes a joint venture between the two companies. The new company, to be called LG Magna e-Powertrain, is headquartered in Incheon, South...
Jul 27, 2021 12:30 pm ET
Magna to Bring Driver Assistance Into the Digital Age With Industry-First Capabilities in 2022
When Magna International’s ICON Radar debuts on the Fisker Ocean next year, it will mark the first application of digital radar for driver-assisted technology. The new digital radar enhances a vehicle’s ability to “see” its surroundings and detect...
Jul 22, 2021 09:18 pm ET
Magna to acquire Veoneer, positioning Magna's ADAS business as a global leader in a fast-growing industry
 - Veoneer's complementary products and capabilities strengthen and broaden Magna's ADAS portfolio and industry position
Jul 22, 2021 08:10 pm ET
Magna to Acquire Veoneer, Positioning Magna’s ADAS Business as a Global Leader in a Fast-Growing Industry
Magna International Inc. (TSX: MG; NYSE: MGA) and Veoneer (NYSE: VNE; SSE: VNE SDB) today announced that they have entered into a definitive merger agreement under which Magna will acquire Veoneer, a leader in automotive safety technology. Pursuant...
Jun 25, 2021 03:41 pm ET
Q2-2021 Results Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA) Q2-2021 RESULTS CONFERENCE CALLFRIDAY – AUGUST 6, 20217:00 AM ET  DIAL IN NUMBERSNorth America:1-800-950-7243International:1-416-981-9010Webcast:www.magna.com   Slide presentation will be available on...
Jun 07, 2021 08:00 am ET
Magna Ignites Vehicle Design With Surface Element Lighting Technology
Magna is pushing vehicle design possibilities with its new innovative Surface Element Lighting technology which offers a new palette of options for automotive designers. First-to-market on the all-electric 2021 Volkswagen ID.4, Surface Element...
May 06, 2021 02:54 pm ET
Magna Announces 2021 Annual Meeting Results
Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2021 annual meeting of shareholders held on May 6, 2021. A total of 242,383,350 Common Shares or 80.43% of our issued and outstanding Common Shares were...
May 06, 2021 05:00 am ET
Magna Announces First Quarter 2021 Results
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2021. Please click HERE for full first quarter Financial Statements and MD&A.   THREE MONTHS ENDED  March 31, 2021 March 31,...
Apr 22, 2021 08:00 am ET
Magna Commits to Carbon Neutrality in Global Operations by 2030
Magna enters a new era in the company’s sustainability journey with its announcement to achieve carbon neutrality in its operations by 2025 in Europe and by 2030 globally.  A photo accompanying this announcement is available at...
Apr 20, 2021 01:29 pm ET
Q1-2021 Results Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA)    Q1-2021 RESULTS CONFERENCE CALLTHURSDAY – MAY 6, 20217:00 AM ET   DIAL IN NUMBERSNorth America: 1-800-954-0686International: 1-416-981-9017Webcast: www.magna.com Slide presentation will be available...
Apr 19, 2021 08:00 am ET
Magna Reaches eDrive Gearbox Production Milestone and Wins Additional Business in China
On the heels of reaching a production milestone for its eDrive gearboxes, Magna has won additional business to further support Chinese electric vehicle (EV) start-ups. Supporting the fast-growing EV market in China, Magna’s joint venture with...
Apr 12, 2021 08:00 am ET
Magna to Hold Virtual Investor Event
Magna International Inc. (TSX: MG, NYSE: MGA), a mobility technology company and global leader in the automotive industry, will hold a virtual investor event on April 13, 2021. Magna’s Chief Executive Officer Swamy Kotagiri and Chief Financial...
Apr 06, 2021 08:00 am ET
Magna’s Camera-Based Technology Helps Take the “Distracted” Out of Driving
As distracted driving remains one of the leading causes of vehicle accidents around the world, Magna is combining its expertise in cameras and mirrors to help automakers make roads safer. Magna’s new Driver Monitoring System is an advanced...
Mar 26, 2021 10:51 pm ET
Magna Posts 2020 Annual Report
Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2020 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available...
Mar 11, 2021 01:10 pm ET
Magna Drives Pickup Truck Electrification With Its New eBeam Technology
Magna continues to accelerate its powertrain electrification capabilities to help automakers achieve a zero-emission future. Today, the journey to a cleaner tomorrow continues with Magna’s new eBeam technology – which is scalable and gives...
Mar 04, 2021 08:00 am ET
Magna Leverages Cloud Connectivity and Advanced E-Mobility Innovations to Decrease Emissions and Increase Range
Magna’s roadmap to e-mobility now includes the company’s all-new connected PHEV drivetrain and next gen battery electric drive systems. Debuting today, both systems were on full display at the company’s Winter Test driving location in northern...
Feb 25, 2021 12:28 pm ET
Magna to Deliver 3D Surround View With Next-Gen Cameras and Electronic Control Units
Global automakers will soon be able to offer 3D surround-view systems in more vehicles, thanks to Magna’s new surround view cameras and electronic control units. Starting with 2022 model years and proliferating across multiple customers and vehicle...
Feb 23, 2021 10:30 am ET
Magna’s New Michigan Plant to Support Fast-Growing Electric Vehicle Market
Magna has broken ground on a new manufacturing facility in St. Clair, Michigan, that will build complex battery enclosures for the all-new 2022 GMC Hummer EV. Construction of the 345,000 square-foot facility, named Magna Electric Vehicle...
Feb 19, 2021 05:00 am ET
Magna Announces Fourth Quarter 2020 Results and Outlook
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the fourth quarter and year ended December 31, 2020.   THREE MONTHS ENDED DECEMBER 31, YEAR ENDED DECEMBER...
Jan 26, 2021 06:01 pm ET
Q4 & Year End 2020 Results and 2021 Outlook Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA) Q4 & YEAR END 2020 RESULTS and 2021 OUTLOOKCONFERENCE CALLFRIDAY – FEBRUARY 19, 20218:00 AM ET  DIAL IN NUMBERSNorth America:1-800-735-5968International:1-416-981-9038Webcast:www.magna.comSlide...
Jan 04, 2021 06:56 am ET
Magna Expands With Fisker: Secures Full ADAS System Business
Magna today confirmed that it is collaborating with Fisker to develop an Advanced Driver Assistance System (ADAS), which will be applied to the Fisker Ocean SUV that is expected to launch in late 2022. This new business win demonstrates Magna’s...
Jan 04, 2021 06:00 am ET
New Year Brings New CEO for Magna
Last October, Magna’s Board of Directors announced the appointment of Swamy Kotagiri as Magna’s next Chief Executive Officer, effective January 1, 2021. Today, Kotagiri begins his first day as CEO and a Director of Magna International. Kotagiri...
Dec 22, 2020 11:00 pm ET
LG and Magna Enter Joint Venture Agreement to Expand in Powertrain Electrification Market
LG Electronics (“LG”) and Magna International Inc. (“Magna”) announced a joint venture (JV) to manufacture e-motors, inverters and on board chargers and, for certain automakers, related e-drive systems to support the growing global shift toward...
Nov 24, 2020 08:00 am ET
Magna Brings EyeQ5-Based Driver Assistance System to Market
A premium automaker in Europe will soon be able to offer industry-leading driver assistance features across a larger portion of its vehicle lineup, thanks to the next generation of camera-based driver assistance from Magna. The Magna Gen5...
Nov 11, 2020 06:00 am ET
TSX Accepts Notice of Intention to Make Normal Course Issuer Bid
Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange ("TSX") had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to...
Nov 06, 2020 05:00 am ET
Magna Announces Third Quarter 2020 Results
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the third quarter ended September 30, 2020.  Please click HERE for full third quarter Financial Statements and MD&A.   THREE MONTHS ENDED SEPTEMBER 30, NINE MONTHS...
Oct 27, 2020 08:15 am ET
Magna’s CLEARVIEW Camera Monitoring System to Debut In 2022
After winning new business across multiple vehicle models for a global automaker, it’s official: Magna’s CLEARVIEW™ technology will enter the market in 2022. Using a unique combination of camera and mirror technology to provide drivers with an...
Oct 20, 2020 05:30 am ET
Magna Names Seetarama (Swamy) Kotagiri Chief Executive Officer
Magna announced today that its Board of Directors has appointed Seetarama (Swamy) Kotagiri as Chief Executive Officer, effective January 1, 2021. Don Walker, who served as CEO between 1994 and 2001, and since 2005, will retire at the end of 2020....
Oct 15, 2020 09:05 am ET
Magna to Cooperate With Fisker on Engineering and Manufacturing of the Fisker Ocean
As part of Magna’s strategic direction to support traditional automakers as well as new entrants, the company announced today that it has signed agreements with Fisker Inc. that provide the framework for a platform sharing and manufacturing...
Oct 08, 2020 05:27 pm ET
Third Quarter 2020 Results Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA)        THIRD QUARTER 2020 RESULTS CONFERENCE CALL    FRIDAY – NOVEMBER 6, 2020    8:00 AM ET         DIAL IN NUMBERS    North America Toll Free: 1-800-908-8370 International...
Sep 03, 2020 08:00 am ET
Magna Deepens Partnership With Honglizhixin to Bolster Seating Capabilities in China
Magna has signed an agreement to acquire majority ownership of Honglizhixin (HLZX), a major seat supplier to Chinese automakers. The acquisition will expand Magna’s seating capabilities across China. At the same time Magna will acquire a majority...
Aug 07, 2020 05:00 am ET
Magna Announces Second Quarter 2020 Results
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2020. Please click HERE for full second quarter Financial Statements and MD&A.  THREE MONTHS ENDED JUNE 30, SIX MONTHS ENDED JUNE...
Jun 26, 2020 11:07 am ET
Second Quarter 2020 Results Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA) SECOND QUARTER 2020 RESULTS CONFERENCE CALLFRIDAY – AUGUST 7, 20208:00 AM ET   DIAL IN NUMBERSNorth America Toll Free: 1-800-621-6136International Toll: 1-303-223-4363Webcast: www.magna.com Slide...
Jun 25, 2020 04:43 pm ET
Magna Recognized by General Motors With Six 2019 Supplier of the Year Awards
At General Motors’ 28th annual supplier awards held on June 24, Magna received six awards, the most ever for a supplier in a single year according to the automaker: Supplier of the Year Awards for its mirrors, truck frames, driveline systems,...
Jun 08, 2020 05:24 pm ET
Magna Announces Senior Notes Offering
Magna International Inc. (TSX:  MG; NYSE:  MGA) today announced that it has entered into an underwriting agreement providing for the issuance of U.S.$750 million aggregate principal amount of its senior unsecured notes pursuant to an effective...
May 07, 2020 05:09 pm ET
Magna Announces 2020 Annual Meeting Results
Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2020 annual meeting of shareholders held on May 7, 2020. A total of 232,304,632 Common Shares or 77.71% of our issued and outstanding Common Shares were...
May 07, 2020 05:00 am ET
Magna Announces First Quarter 2020 Financial Results
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2020. Please click HERE for full first quarter Financial Statements and MD&A.    THREE MONTHS ENDED   March 31, 2020 March 31,...
Apr 28, 2020 03:44 pm ET
Magna Wins 2020 PACE Award for Composite Space Frame Liftgate Reinforcement
Magna’s composite space frame liftgate reinforcement solution, which debuted on the Toyota Supra, has earned a 2020 Automotive News PACE Award. The award is Magna’s fourth PACE Award in the last six years. The space frame is the first composite...
Apr 16, 2020 03:25 pm ET
First Quarter 2020 Results Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA) FIRST QUARTER 2020 RESULTS CONFERENCE CALLTHURSDAY – MAY 7, 20208:00 AM ET  DIAL IN NUMBERSNorth America Toll Free: 1-800-945-9434International Toll: 1-416-981-9010Webcast: www.magna.comSlide...
Apr 14, 2020 05:05 pm ET
Magna Announces Filing of Preliminary Shelf Prospectus and Registration Statement; Amends 364-Day Syndicated Credit Facility
Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it filed a preliminary short form base shelf prospectus (“shelf prospectus”) with the Ontario Securities Commission (the "OSC") and a corresponding shelf registration statement with...
Mar 27, 2020 07:28 pm ET
MAGNA POSTS 2019 ANNUAL REPORT
Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2019 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available...
Mar 26, 2020 08:36 pm ET
MAGNA PROVIDES UPDATE ON CURRENT COVID-19 ACTIONS AND WITHDRAWS OUTLOOK
Magna International Inc. (TSX: MG; NYSE: MGA) today provided an update on a number of actions related to the COVID-19 pandemic. Magna has established internal task forces to assess, monitor and deal with the potential impact of COVID-19 on our...
Feb 27, 2020 07:00 am ET
Magna to Hold Investor Day
Magna International Inc. (TSX: MG, NYSE: MGA), a mobility technology company and global leader in the automotive industry, will hold an Investor Day event.  Magna management will present on the state of the company, how its product capabilities...
Feb 26, 2020 07:30 am ET
Paving the Way to Powertrain Electrification
Magna’s roadmap to e-mobility includes technologies showcased in the all-new e4 technology demonstrator car, debuting today during the company’s winter test-driving activities in northern Sweden. The e4 showcases Magna’s eDrive systems in a pure...
Feb 21, 2020 05:00 am ET
Magna Announces Fourth Quarter and 2019 Results and Raises Quarterly Cash Dividend per Share by 10%
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the fourth quarter and year ended December 31, 2019.   THREE MONTHS ENDED DECEMBER 31, YEAR ENDED DECEMBER 31,   2019  2018   2019  2018 Reported Sales $  9,395 $...
Feb 05, 2020 05:22 pm ET
Fourth Quarter & Year End 2019 Results Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA) FOURTH QUARTER & YEAR END 2019 RESULTS CONFERENCE CALLFRIDAY – FEBRUARY 21, 20207:00 AM ET  DIAL IN NUMBERSNorth America:  1-888-223-4959International:  1-303-223-4361Webcast: www.magna.comSlide...
Jan 16, 2020 05:00 am ET
Magna Announces Outlook
Magna International Inc. (TSX: MG; NYSE: MGA) today announced its financial outlook for 2020 and 2022.  Our outlook to 2022 anticipates continued growth in total sales and improvement in our EBIT Margin, both as compared to 2019 despite our...
Jan 07, 2020 10:45 am ET
2020 Outlook Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA) 2020 OUTLOOK CONFERENCE CALLTHURSDAY – JANUARY 16, 20208:00 AM ET DIAL IN NUMBERS  North America:  1-800-920-3395  International:  1-416-981-9005  Webcast:  www.magna.comSlide presentation will be...
Dec 11, 2019 10:00 am ET
Magna Powers Ferrari SF90 Stradale With Innovative Dual-Clutch Transmission
In cooperation with the Italian sports car maker Ferarri, Magna has developed and supplies an all-new dual-clutch 8-speed transmission for the Ferrari SF90 Stradale. The innovative, next-generation DCT provides improved torque and shifting while...
Nov 20, 2019 05:45 pm ET
Magna’s Inaugural Global Bold Perspective Award Recognizes Inspiring Design of Future Mobility
Imagination soared as students from around the world competed for the first-ever Magna Global Bold Perspective Award, presented at the Car Design News LA Forum during the LA Auto Show. Zehao “West” Zhang, from ArtCenter College of Design in...
Nov 20, 2019 02:30 am ET
Magna to Acquire Wipac Czech s.r.o., Expand Lighting Capabilities
Magna has agreed to acquire Wipac Czech s.r.o., a premium automotive lighting engineering firm located in Ostrava, Czech Republic. The transaction – Magna’s second lighting acquisition in as many years – is expected to close the week of November...
Nov 12, 2019 05:01 pm ET
TSX Accepts Notice of Intention to Make Normal Course Issuer Bid
Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange ("TSX") had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to...
Nov 08, 2019 05:00 am ET
Magna Announces Third Quarter Results
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the third quarter ended September 30, 2019. Please click HERE for full third quarter Financial Statements and MD&A.   THREE MONTHS ENDED SEPTEMBER 30, NINE MONTHS...
Oct 30, 2019 10:05 am ET
Magna to Develop and ‘Auto Qualify’ a More Powerful and Affordable Electric Motor
Magna has been awarded a grant by the U.S. Department of Energy (U.S. DOE) to develop and ‘auto-qualify’ advanced electric motor technologies for next-generation vehicle propulsion systems. In partnership with the Illinois Institute of Technology...
Oct 30, 2019 10:00 am ET
Magna Wins Largest Contract for Transmission Technologies in Company History
BMW Group has awarded Magna its largest production order for transmission technologies in company history. The multi-year contract includes all front-wheel drive dual-clutch transmissions, including hybrid transmission variants. “This new award...
Oct 11, 2019 04:54 pm ET
Third Quarter 2019 Results Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA) THIRD QUARTER 2019 RESULTS CONFERENCE CALLFRIDAY – NOVEMBER 8, 20198:00 AM ET  DIAL IN NUMBERSNorth America:   1-800-920-3395International:   1-416-981-9005Webcast:  www.magna.com Slide presentation will...
Aug 14, 2019 12:15 pm ET
Magna Celebrates Opening of New Electronics Facility
Magna celebrated the opening of a new electronics manufacturing facility today in Grand Blanc Township, Michigan. The facility consolidates three nearby locations into a single state-of-the-art facility that combines 21st-century manufacturing with...
Aug 08, 2019 05:00 am ET
Magna Announces Second Quarter Results
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2019. Please click HERE for full second quarter Financial Statements and MD&A.   THREE MONTHS ENDEDJUNE 30, SIX MONTHS ENDEDJUNE...
Jul 30, 2019 02:45 pm ET
Magna Grows Seat Business With New Ohio Facility
Magna has won new seating business in North America with a global automaker and will supply seat structures from a new manufacturing facility in Lancaster, Ohio. The company held a groundbreaking ceremony today at the site where construction has...
Jul 24, 2019 09:00 am ET
Magna Celebrates the Signing of Its First Complete Vehicle Manufacturing Joint Venture in China
Today Magna, BAIC Group and the Zhenjiang government celebrated the signing of a framework agreement governing their electric vehicle manufacturing joint venture in Zhenjiang, China, which marks another milestone of their continued cooperation....
Jul 03, 2019 05:05 pm ET
Second Quarter 2019 Results Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA) SECOND QUARTER 2019 RESULTS CONFERENCE CALL THURSDAY – AUGUST 8, 2019 8:00 AM ET  DIAL IN NUMBERS  North America: 1-877-291-0442 International: 1-212-231-2924 Webcast: www.magna.comSlide presentation...
Jun 13, 2019 10:05 am ET
Magna Introduces FreeForm Seat Trim Technology
Automotive seat design has become a crucial consideration for automakers as consumers spend more time in their vehicles, and as interior comfort becomes a major competitive battleground. Today, seating is a critical touchpoint for consumers who...
Jun 13, 2019 10:00 am ET
Magna Celebrates Manufacturing Milestone
For the extended amount of time people spend in their cars, it could be considered a second home to most. Comfort is key, something the team at Magna’s Shelby Foam Systems in Michigan understands very well. The division specializes in producing...
May 09, 2019 04:53 pm ET
Magna Announces 2019 Annual Meeting Results
Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2019 annual meeting of shareholders. A total of 244,128,107 Common Shares or 75.56% of our issued and outstanding Common Shares were represented in person or by...
May 09, 2019 05:00 am ET
Magna Announces First Quarter Results
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2019. Please click HERE for full first quarter Financial Statements and MD&A.     THREE MONTHS ENDED   March 31, 2019 March 31,...
Apr 30, 2019 10:44 am ET
Magna Celebrates Growing Footprint in China With Two Grand Opening Celebrations
Magna continues to grow its presence in China, as demonstrated by two recent grand opening celebrations. A new plant in Changsha, a joint venture with GAC subsidiary GAC Component Co., Ltd. (GAC Component), began production of composite liftgates...
Apr 24, 2019 01:55 pm ET
First Quarter 2019 Results Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA) FIRST QUARTER 2019 RESULTS CONFERENCE CALL THURSDAY – MAY 9, 2019 8:30 AM ET   DIAL IN NUMBERS North America: 1-800-954-0587 International: 1-312-281-2942 Webcast: www.magna.com Slide presentation will...
Apr 23, 2019 08:30 am ET
Magna Continues to Expand in Morocco With New Mirrors Facility
As the auto industry continues to develop in Morocco, Magna also continues to expand its footprint in the country. The company recently broke ground on construction of a new facility in Kenitra, Morocco, to supply global automakers with exterior...
Mar 29, 2019 06:26 pm ET
Magna Posts 2018 Annual Report
Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2018 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available...
Mar 29, 2019 06:00 am ET
Magna Closes Sale of Fluid Pressure & Controls Business to Hanon Systems
Magna announced today that it has completed the sale of its Fluid Pressure & Controls (FP&C) business to Hanon Systems, a South Korea-based global supplier of thermal and energy management systems, as previously announced. INVESTOR CONTACTLouis...
Feb 22, 2019 05:00 am ET
Magna Announces Fourth Quarter and 2018 Results and Raises Quarterly Cash Dividend by 11%
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the fourth quarter and year ended December 31, 2018.        THREE MONTHS ENDED DECEMBER 31, YEAR ENDED DECEMBER 31,  2018 2017 (2) 2018 2017 (2)Reported Sales $...
Feb 19, 2019 08:00 am ET
Advanced Technologies and the Future of Transportation; A Road to Innovation
Investorideas.com, a global investor news source covering the tech sector, looks at the future of transportation as autonomous vehicles, electric cars, smart cars and advanced tracking technology all become the new norm, thanks to  innovation from...
Jan 30, 2019 02:05 pm ET
Fourth Quarter & Year End 2018 Results Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA)    FOURTH QUARTER & YEAR END 2018RESULTS CONFERENCE CALLFRIDAY – FEBRUARY 22nd, 20197:00 AM ET            DIAL IN NUMBERS    North America Toll Free: 1-800-616-4707    International...
Jan 15, 2019 08:00 am ET
Magna to Build the Toyota GR Supra
As the global automotive industry convenes at the North American International Auto Show and automakers unveil future vehicles, Magna is proud to announce it will assemble the all-new Toyota GR Supra sports car at its complete vehicle assembly...
Jan 15, 2019 05:00 am ET
Magna Announces Outlook
Magna International Inc. (TSX: MG; NYSE: MGA) today announced its financial outlook for 2019 and 2021.  Our outlook to 2021 anticipates continued growth in total sales and improvement in our EBIT Margin compared to 2018 despite our expectation of...
Dec 19, 2018 05:05 pm ET
Magna Establishes Automatic Share Purchase Plan
Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has established a pre-defined automatic securities purchase plan (the “Plan”) with a designated broker to facilitate the purchase for cancellation of Common Shares under its...
Dec 18, 2018 04:50 am ET
Magna Acquires VIZA Geca to Bolster Its Seating Capabilities
Delivering future-ready seating solutions that enable added functionality is key as new mobility changes the way consumers use their vehicles. This kind of functionality starts with the seat structure itself. To further enhance Magna’s capabilities...
Dec 13, 2018 08:00 am ET
Magna Showcases the Intersection of Electrification, Autonomy and Smart Mobility at CES 2019
Magna heads to CES 2019 with an all-new exhibit showcasing the company’s future vision of how electrification, autonomy and smart mobility intersect. From a full range of electrified powertrain configurations to demonstrating how flexible cabin...
Dec 10, 2018 11:00 am ET
Magna Reveals New Seating Ecosystem Designed to Offer More Flexible, Collaborative Interior
Today, Magna revealed its vision for a flexible vehicle interior centered around seating reconfigurability and the opportunities new mobility and autonomy will offer passengers in the future. Seat positioning will play an increasingly important...
Dec 05, 2018 09:06 am ET
Magna Brings Innovative Vehicle Access Technologies to China With New Mechatronics Engineering Center
Automakers around the world are looking to mechatronics as an opportunity to improve getting in and out of vehicles both today and in the future. Mechatronics products, such as power doors and liftgates, work through a combination of mechanical...
Nov 28, 2018 09:00 am ET
Magna Seeks Design Inspiration for Tomorrow’s Vehicles From Today’s Students in New Global Design Competition
To showcase tomorrow’s vehicle designers’ vision of the future, Magna is launching a new global automotive design competition. Larry Erickson, global director of the Magna Exteriors Design Group, introduced the inaugural Global Bold Perspective...
Nov 12, 2018 05:05 pm ET
TSX Accepts Notice of Intention to Make Normal Course Issuer Bid
Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange ("TSX") had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to...
Nov 08, 2018 05:00 am ET
Magna Reports Record Third Quarter Results
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the third quarter ended September 30, 2018.  Please click HERE for full third quarter Financial Statements and MD&A.   THREE MONTHS ENDED SEPTEMBER 30, NINE MONTHS...
Oct 25, 2018 08:00 am ET
Magna Invests in Advanced Motion-control Software by Acquiring Haptronik GmbH
Drivers and passengers will enjoy a more intuitive experience thanks to technology which relies on motion and the sense of touch inside and outside of the car. To continue developing these advanced technologies for the automotive market, Magna has...
Oct 11, 2018 08:16 am ET
Magna Wins Additional Seating Business, Celebrates Opening Of New Facility
Just over a year ago, Magna launched its first-ever seating business and facility with BMW Group. Today, Magna employees and customer representatives celebrated the grand opening of another new seating facility to support BMW business. The new...
Oct 10, 2018 03:30 pm ET
Third Quarter 2018 Results Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA)                 THIRD QUARTER 2018 RESULTS CONFERENCE CALL  THURSDAY – NOVEMBER 8th, 2018  8:00 AM ET      DIAL IN NUMBERS               North America Toll Free:   1-800-682-8914   International...
Oct 03, 2018 08:00 am ET
Magna Wins J.D. Power Award for Seat Quality and Satisfaction
Easy-to-use controls, attention to detail and flexible functionality: all things that drive Magna’s seating business, now being recognized by new car and truck owners in the J.D. Power 2018 Seat Quality and Satisfaction StudySM. Magna Seating...
Oct 02, 2018 08:00 am ET
Magna and Altran Form Joint Venture in Morocco to Create Engineering Center
As Morocco emerges as a competitive export-focused production base for global automakers, a new resource for vehicle engineering services has also launched: a joint venture between Magna and Altran Technologies SA. Magna’s complete vehicle...
Sep 20, 2018 05:00 am ET
Magna Announces Divestiture of Its Global Fluid Pressure & Controls Business
Magna announced today that its Powertrain unit has signed an agreement to sell its global Fluid Pressure Controls (FP) business to Hanon Systems, a South Korea-based global supplier of thermal and energy management systems.  The sale price is...
Sep 14, 2018 09:30 am ET
Racing to the Future: Magna Joins BMW i Andretti Motorsport Formula E Team
Cities around the world increasingly recognize the significance of autonomy, electrification and mobility services to the future of how people live, work and move around in urban centers.  As part of Magna’s commitment to helping shape future...
Aug 30, 2018 08:01 am ET
Magna Opens Doors in Growing Global Liftgate Market
The continuing growth of sport utility and crossover vehicles – which made up roughly one-third of global sales in 2017 – combined with changing global emissions standards has many automakers adopting lightweight, thermoplastic liftgate modules....
Aug 28, 2018 08:00 am ET
Magna and Rohinni Form JV to Bring Game-Changing Lighting to Mobility
With distinctive, high-performance lighting becoming a “must-have” for automakers and other mobility companies, Magna Electronics and Rohinni LLC have formed a joint venture to produce ultra-thin micro LED lighting solutions that are brighter,...
Aug 08, 2018 05:00 am ET
Magna Reports Record Second Quarter Results
Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2018. Please click HERE for full second quarter Financial Statements and MD Record second quarter sales, up 12% year over year...
Jul 18, 2018 03:44 pm ET
Second Quarter 2018 Results Conference Call
Magna International Inc. (TSX:MG) (NYSE:MGA)                                              SECOND QUARTER 2018 RESULTS CONFERENCE CALLWEDNESDAY – AUGUST 8th, 20187:30 AM ET   DIAL IN NUMBERSNorth America Toll Free:International...
Jul 17, 2018 10:35 am ET
Magna Wins Three Innovation Awards From SPE Europe
Magna collected three first-place awards at the 2018 Society of Plastics Engineers (SPE) Automotive Awards gala held on July 6 in Dusseldorf, Germany. In recognition of its innovative lightweighting efforts enabled by advanced materials, Magna’s...
Jun 28, 2018 08:00 am ET
Magna to Acquire OLSA and Expand Lighting Business
Automakers will soon have a familiar name to source lighting products on a global scale: Magna International.  Magna has signed a deal to acquire OLSA S.p.A., which will expand the company’s lighting capabilities to enable it to design, engineer...
Jun 18, 2018 07:00 am ET
Magna to Jointly Engineer and Build Premium Electric Vehicles for Customers in China
Magna today announced its intention to form two new joint ventures with Beijing Electric Vehicle Co. Ltd (BJEV) for complete vehicle manufacturing as well as engineering of electric vehicles. BJEV, a subsidiary of the BAIC Group for electric cars,...
Jun 14, 2018 09:00 am ET
Technology Game Changer: Magna’s 48-Volt Transfer Case Leads Array of CO2-Fighting Products
Magna is on the fast track to vehicle electrification. With its all-new industry-leading 48-volt transfer case and an array of other 48-volt products, Magna continues to help automakers meet increasingly stringent global CO2 and fuel-economy...
Jun 13, 2018 09:00 am ET
Magna and May Mobility Partner to Build, Deploy and Scale Self-Driving Shuttles
Getting around in crowded city streets of America is about to get a little easier.  May Mobility, an Ann Arbor, Michigan startup building self-driving shuttles, has partnered with Magna (NYSE:MGA), a mobility technology company and one of the...
Jun 05, 2018 06:00 am ET
Magna to Produce the new Z4 for the BMW Group
Magna adds to its contract vehicle manufacturing line-up in Graz, Austria, with the addition of the new BMW Z4.  Production is scheduled to begin at the end of 2018. This business further strengthens Magna's position as the world's leading...
May 23, 2018 10:27 am ET
Magna Develops Comfort+ Door Latch to Improve Door Quality and Cabin Quietness
For automakers, two key customer satisfaction considerations are the feel of a car’s door when opening and closing and the quietness of the cabin. Magna recently developed the Comfort+TM door latch to address both concerns and has secured its...
May 17, 2018 08:00 am ET
Renesas and Magna Bring Advanced Safety Features to More Vehicle Segments and Consumers
Renesas Electronics Corporation (TSE: 6723), an industry-leading supplier of automotive semiconductor solutions, and Magna, a mobility technology company and one of the world’s largest automotive suppliers, aim to accelerate the mass adoption of advanced driving assistance system (ADAS) features with a new cost-efficient 3D surround view system designed for entry- and mid-range vehicles. The 3D surround view system adopts Renesas’ high-performance, low-power
May 10, 2018 02:15 pm ET
Magna Announces 2018 Annual Meeting Results
Magna International Inc. (TSX:MG) (NYSE:MGA) today announced voting results from its 2018 annual meeting of shareholders. A total of 285,727,820 Common Shares or 79.79% of our issued and outstanding Common Shares were voted in connection with the...
May 10, 2018 07:00 am ET
Magna Announces Record First Quarter Results
Magna International Inc. (TSX:MG) (NYSE:MGA) today reported financial results for the first quarter ended March 31, 2018. Please click HERE for full first quarter Financial Statements and MD     THREE MONTHS ENDED   March 31, 2018 March 31,...
May 04, 2018 01:56 pm ET
Magna Posts Updated Financial Review for 2017
Magna International Inc. (TSX:MG) (NYSE:MGA) today provided an adjusted 2017 Financial Review document reflecting the retrospective adoption of the new revenue standard (Accounting Standard Codification 606), the change in accounting for tooling...
Apr 27, 2018 01:52 pm ET
Annual Meeting of Shareholders and Notice of Conference Call for First Quarter 2018 Results
AURORA, Ontario, April 27, 2018 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)
Apr 26, 2018 12:52 pm ET
Magna and BHAP Create Joint Venture to Supply Door Modules to Automakers in China
BEIJING, April 26, 2018 (GLOBE NEWSWIRE) -- A new joint venture between Magna and Beijing Hainachuan Automotive Parts Co., Ltd. (BHAP) has been formed and has already netted new door module business for a German OEM in China....