Magna International's Austrian plant is experiencing a double hit resulting from the sluggish EV demand. An EV startup customer has filed for bankruptcy, and orders from legacy automakers...
LG Magna e-Powertrain, a joint venture between LG Electronics and tier-1 automotive supplier Magna International, announced on September 4 that it will build a new production facility...
Automotive supplier and contract manufacturer Magna will build the first two supplier facilities in Ford's BlueOval City in Tennessee, the US. The company plans to invest more than...
Automotive suppliers are shifting their business focus to adapt to the changing market. Magna International announced on Monday that it has secured new businesses from General Motors...
Two major automotive Tier-1s last week revealed their latest moves to advance assisted and autonomous driving. Continental has partnered with Ambarella to offer energy-efficient solutions...
