Technical difficulties have been reported during Magna International’s pilot project of its automated delivery bots in Toronto. From confusion surrounding Toronto’s endless construction to difficulty ...

DETROIT, Nov 20 (Reuters) - China's Guangzhou Automobile Group (GAC) will build its electric AION V model at a Magna facility in Austria, the two companies said on Thursday, a strategy that should ...

Magna International, Inc. (NYSE:MGA) shares are trading higher on Friday. • View how MGA stock is currently doing, here. The company reported third-quarter adjusted earnings per share of $1.33, ...

TORONTO - Automakers are taking a “calm approach” in responding to ongoing geopolitical headwinds to their cross-border supply chain, the chief executive of Magna International Inc. says. There ...

Sales Growth: Increased by 2% to $10.5 billion. Adjusted EBIT: Rose 3% to $613 million. Adjusted EBIT Margin: Expanded by 10 basis points to 5.9%. Adjusted Diluted EPS: Increased by 4% to $1.33. Free ...

Xpeng, part owned by Volkswagen Group, has begun production in Europe in partnership with a contract manufacturer in Austria, as mainland Chinese electric vehicle (EV) makers make inroads into the ...

XPeng Inc. (NYSE:XPEV) has partnered with Magna International Inc. (NYSE:MGA) to assemble two electric vehicle models in Europe. Production is slated to start in the third quarter of 2025. The ...

Chinese electric vehicle maker Xpeng Inc. has launched its first production line in Europe by partnering with Austrian contract manufacturer Magna Steyr. The tie-up will see Xpeng leverage Magna’s ...

Magna International has appointed Philip Fracassa as its next chief financial officer, effective immediately. Fracassa brings with him a wealth of experience to the Canadian automotive supplier, ...

Magna International (NYSE:MGA) shares gained on Friday after the second-quarter fiscal 2025 earnings. The auto parts maker reported a quarterly revenue decline of 3% year-on-year to $10.63 billion, ...

Magna's fundamentals have deteriorated despite record sales, with declining margins and efficiency signaling deeper operational issues. Automotive industry volumes remain below historical highs, ...