Tuesday 25 June 2024
LG and Hyundai team up for automotive electronics
Hyundai Motor Group and LG Electronics are teaming up as they shift from home appliances to automotive electronics.
Friday 10 May 2024
Slow EV demand gives Magna double hit
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...
Tuesday 5 September 2023
LG Magna e-Powertrain to build first European production facility in Hungary
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...
Friday 21 July 2023
Magna to invest over US$790 million in supplier facilities to support Ford
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...
Tuesday 14 February 2023
Magna expands EV battery enclosure business by supplying another GM model
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...
Monday 9 January 2023
Continental and Magna move forward autonomous driving ventures at CES
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...