Magna International Inc.
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Executive pay driven by performance-based incentives


September 10, 2014 5:09 pm ET

The CEO of an automotive parts giant again tops the annual Plastics News list of highest-paid industry executives, and it's the cash and stock bonuses tied to performance metrics that really set the top of the list apart.

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Ford demonstrates Magna's seamless rear window on new F-150


August 14, 2014 11:34 am ET

DETROIT — Ford Motor Co. today demonstrated its “seamless sliding rear window” feature developed by Canadian supplier Magna International Inc. for the new 2015 Ford F-150 pickups.

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Magna points supply chain toward local sourcing


August 5, 2014 4:37 pm ET

Canadian automotive supplier Magna International Inc. sees local strategy and efficiency improvements as key cost-saving measures within its supply chain.

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Magna expanding interiors site in Slovakia


July 29, 2014 1:47 pm ET

Magna International Inc. plans to nearly double the size of its manufacturing facility in Trnava, in western Slovakia, to accommodate new automotive interiors business.

Magna hiring at two Michigan locations


July 28, 2014 11:43 am ET

Magna Interior Trim Components is adding a total of 169 jobs to two of its Michigan manufacturing facilities.

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Continental Structural Plastics buying 5 Magna SMC plants


July 17, 2014 4:35 pm ET

Automotive and construction supplier Continental Structural Plastics Inc. has signed an agreement to buy five sheet molding compound facilities from the exteriors unit of Magna International Inc.

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Magna bets on a carbon fiber future


March 24, 2014 1:28 pm ET

The automotive exteriors unit of Aurora, Ontario-based Magna International Inc. recently announced it would supply carbon fiber composite Class A body panels for two undisclosed 2016 model year vehicles, marking a new accomplishment in carbon fiber...

Magna expanding in Michigan


February 14, 2014 1:09 pm ET

Magna Interior Trim Components, a subsidiary of Aurora, Ontario-based Magna International Inc., will invest $3.6 million to expand its operations at two locations in Michigan.

Magna to develop bioplastic for automotive interiors


February 13, 2014 3:01 pm ET

Canadian automotive supplier Magna International Inc. is exploring potential automotive applications for a bioplastic made from byproducts of sugar production.

GM rolls back contentious terms in purchasing contract


February 11, 2014 8:52 am ET

General Motors Co. is rolling back controversial changes it made last year to its purchasing contract, including new terms that some suppliers believed exposed them to greater warranty liability.

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