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 - Transaction adds significant engineering and software expertise, including in sensor perception and drive policy software - Enhances Magna's ADAS systems capabilities and fe...
Magna Enters Into Agreement To Acquire Getrag
AURORA, Ontario, July 16, 2015 /PRNewswire/ -- Magna International Inc. (TSX: MG, NYSE: MGA) today announced that it has signed an agreement to acquire the Getrag Group of Companies ("Getrag"), one of the world's largest suppliers of automotive transmissions. Getrag has an 80-year history in tra...
Magna Announces 2015 Annual Meeting Results
AURORA, Ontario, May 8, 2015 /PRNewswire/ -- Magna International Inc. (TSX: MG, NYSE: MGA)announced voting results from its 2015 annual meeting of shareholders held today. A total of 316,052,524 Common Shares or 76.99% of our issued and outstanding Common Shares (on a post stock-split basis), wer...
Magna Announces First Quarter Results
AURORA, Ontario, May 7, 2015 /PRNewswire/ -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2015. THREE MONTHS ENDED March 31, 2015 March 31, 2014 Sales $ 8,330 $ 8,961 Adjusted EBIT(1) $ ...
Magna Announces Agreement to Sell Interiors Operations
AURORA, Ontario, April 16, 2015 /PRNewswire/ -- Magna International Inc. (TSX: MG, NYSE: MGA) today announced that it has signed an agreement to sell substantially all of its interiors operations toGrupo Antolin, a leading global supplier of automotive interior systems. The purchase price for the...
Magna Relocates Shunde Facility To Expand Mirrors Capability
SHANGHAI, Dec. 9, 2014 /PRNewswire/ -- Magna International Inc. announced that it has relocated itsShunde mirrors manufacturing facility in Guangdong Province . An opening ceremony was held to celebrate the start of production in the new site and inaugurate its new name, Guangdong Magna Automotive...
