News & Videos - MAGNA INTERNATIONAL INC.

Magna Announces Outlook PR Newswire AURORA, ON, Jan. 11, 2017 Expect continued sales growth – over $43 billion in total sales by 2019 Strong free cash flow generation anticipated over next three years AURORA, ON , Jan. 11, 2017 /PRNewswire/ - Magna International Inc. (TSX: MG; NYSE: MGA) today announced its financial outlook for 2017, along with sales expectations for 2019. In this outlook we have assumed no material unannounced acquisitions or divestitures. In addition, we have assumed that...

Magna demonstrates lightweighting expertise with ultralight door module PR Newswire DETROIT, MI, Jan. 9, 2017 Team reimagined a door architecture from scratch Ultralight design achieves 42.5-percent mass savings Applies to 70 percent of the light vehicle market DETROIT, MI , Jan. 9, 2017 /PRNewswire/ - Magna International Inc., in cooperation with the U.S. Department of Energy (DOE) and partners FCA US and Grupo Antolin , announced it has developed a new, ultralight door architecture that...

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CES 2017: Magna and Innoviz partner on LiDAR for autonomous driving systems PR Newswire AURORA, ON, Canada and KFAR SABA, Israel, Dec. 20, 2016 Prototype demo devices unveiled at CES High-definition, solid-state LiDAR enables real-time 3D remote sensing Affordable, compact high performance for the mass market AURORA, ON , Canada and KFAR SABA, Israel , Dec. 20, 2016 /PRNewswire/ - Magna International Inc. and Innoviz Technologies Ltd. announced today that they are partnering to deliver LiDAR...

DENVER, Dec. 15, 2016 (GLOBE NEWSWIRE) -- Foothills Exploration, Inc. (OTC.QB:FTXP) (the “Company” or “FTXP”), an independent oil and gas exploration company engaged in the acquisition and development of oil and gas properties in the Rockies and Gulf Coast, announced today that it has entered into a participation agreement with Magna Operating, LLC, (“Magna Operating”) in relation to the Labokay prospect, covering 240 acres in Calcasieu Parish, Louisiana. Labokay is an amplitude...

Magna Brings Innovative Car of the Future Experience to CES 2017 PR Newswire AURORA, ON, Dec. 14, 2016 Attendees will get a glimpse into the future at Magna's booth through Microsoft's mixed reality HoloLens ADAS simulator provides real-life autonomous driving situations Investing in technologies that make the driver experience safer and smarter AURORA, ON , Dec. 14, 2016 /PRNewswire/ - Magna International Inc., a leader in bringing innovative ideas to the automotive industry, will demonstrate...

Magna secures new seat business PR Newswire AURORA, ON, Dec. 6, 2016 First BMW Group seat programs in Magna's history 230,000-square-foot just-in-time facility Magna's fourth manufacturing plant in South Carolina AURORA, ON , Dec. 6, 2016 /PRNewswire/ - Magna International Inc. announced it has won multiple new seating programs from the BMW Group which will be supplied from a new, state-of-the-art seat manufacturing facility in Spartanburg County, South Carolina . (Photo:...

TSX accepts Notice of Intention to Make Normal Course Issuer Bid PR Newswire AURORA, Ontario, Canada, Nov. 10, 2016 AURORA, Ontario, Canada , Nov. 10, 2016 /PRNewswire/ - 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 38,000,000 Magna Common Shares (the "Bid"), representing approximately 10% of its public...

Magna Recognized for Innovation in Manufacturing PR Newswire TROY, MI, Nov. 10, 2016 Innovative process earns SPE Award New, flexible manufacturing solution for automotive exteriors Latest recognition increases SPE awards to seven total in 2016 for the company TROY, MI , Nov. 10, 2016 /PRNewswire/ - Magna International Inc. announced today that it has won an Innovation Award from the Society of Plastics Engineers (SPE) for its unique process of laser cutting and welding front and rear fascias...

Magna Announces Record Third Quarter and Year to Date Results PR Newswire AURORA, ON, Nov. 3, 2016 Third quarter record sales up 16%, well above 3% growth in global light vehicle production Third quarter record diluted earnings per share from continuing operations increased 14% $288 million returned to shareholders through share repurchases and dividends AURORA, ON , Nov. 3, 2016 /PRNewswire/ - Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the third quarter...

Less Hassle, More Room: Magna Releases Newest Seating Innovations with "EZ Entry" Options PR Newswire TROY, MI, Oct. 26, 2016 Seat designs confirmed by Magna's study of consumer lifestyles, wants and needs TROY, MI , Oct. 26, 2016 /PRNewswire/ - Magna International Inc. continues to transform automotive seating with its latest innovations: the Pitch Slide and Tip Slide 2 nd Row EZ Entry vehicle seats. Both smart solutions are designed to address the seating needs of today's SUV owner with easier...

Magna draws from voice of the consumer PR Newswire AURORA, ON, Oct. 24, 2016 Conducts study to better assess, meet vehicle seating needs of the future AURORA, ON , Oct. 24, 2016 /PRNewswire/ - As part of its commitment to innovation and value in automotive seating, Magna International Inc. commissioned an ethnography study of vehicle owners in various markets around the world to better understand consumer insights into and issues with the seats in today's automobiles. Insights gained from the...

Magna Innovations Earn Top SPE Honors PR Newswire SAILAUF, Germany, Oct. 18, 2016 Exterior products recognized for style and performance SAILAUF, Germany, Oct. 18, 2016 /PRNewswire/ - Magna International Inc. has received top honors from the Society of Plastics Engineers (SPE) Central Europe at the Automotive Awards Ceremony on Oct. 17 in Dusseldorf, Germany , to recognize the industry's most innovative use of plastics. A skid plate for a premium European automaker won the Grand Award as the top...

Magna International Inc. - Notice of Conference Call for Third Quarter 2016 Results PR Newswire AURORA, ON, Oct. 18, 2016 AURORA, ON , Oct. 18, 2016 /PRNewswire/ - On Thursday, November 3, 2016 Magna International Inc. (TSX: MG; NYSE: MGA) will announce its financial results for the third quarter ended September 30, 2016 . Magna will hold its quarterly conference call on Thursday, November 3, 2016 at 8:30 a.m. Eastern Time . The number to use for this call is 1-800-926-6571. Overseas callers...

EL DORADO HILLS, Calif., Oct. 06, 2016 (GLOBE NEWSWIRE) -- THINCI Inc.—an innovative deep-learning, vision processing startup, developing groundbreaking machine learning technology announces a round of funding led by global automotive supplier DENSO International America, Inc. Financing from Magna International Inc., and other individual investors will accelerate the final development of THINCI’s innovative silicon and software technology that will improve electronics for enabling driver...

El Dorado Hills, Oct. 06, 2016 (GLOBE NEWSWIRE) -- THINCI Inc.—an innovative deep-learning, vision processing startup, developing groundbreaking machine learning technology announces a round of funding led by global automotive supplier DENSO International America, Inc. Financing from Magna International Inc., and other individual investors will accelerate the final development of THINCI’s innovative silicon and software technology that will improve electronics for enabling driver assistance...

Granite and Magna Agree to Renew and Extend Leases for 15 Properties Including Seven Special Purpose Properties PR Newswire TORONTO, Oct. 3, 2016 TORONTO , Oct. 3, 2016 /PRNewswire/ - Granite Real Estate Investment Trust ("Granite") (TSX: GRT.UN / NYSE: GRP.U) today announced that it has entered into binding agreements with Magna International Inc. and certain of its Cosma International Group subsidiaries (together "Magna") to extend or renew early and extend the leases for 15 properties,...

Magna Signs Agreement to Acquire Automotive Closure Systems Supplier PR Newswire AURORA, ON, Sept. 26, 2016 AURORA, ON , Sept. 26, 2016 /PRNewswire/ - Magna International Inc. announced today that it has signed a purchase agreement to acquire the BÖCO Group of Companies, an automotive supplier of latches, hinges and strikers, to help bolster its product portfolio and engineering capabilities in key regions. Subject to regulatory approval, the transaction is expected to close in the third...

Magna doubles down on active aerodynamics PR Newswire AURORA, ON, Sept. 20, 2016 Innovative active body systems reduce drag, improve fuel efficiency AURORA, ON , Sept. 20, 2016 /PRNewswire/ - With global automakers continuing to address the challenge of increasing fuel economy and reducing carbon emissions in their vehicles, Magna International Inc. has accelerated its development work in active aerodynamic systems, an innovative technology designed to help auto manufacturers clear regulatory...

Given at the Lincoln Cathedral on 16 July 2015....