Magna International Inc.
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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 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.

Magna forms Chinese joint venture for front end systems


February 7, 2014 11:27 am ET

Canadian auto supplier Magna International Inc. has created a joint venture with Chongqing Guangneng Rongneng Trim Co. Ltd. to produce front end systems in Hangzhou, China.

Lithium-ion battery maker Xalt acquires Magna battery JV


January 21, 2014 4:07 pm ET

Lithium-ion battery company Xalt Energy LLC is acquiring the battery and electric vehicle operations of a Magna International Inc. joint venture and already has added jobs at its Midland, Mich., operation.

Auto execs to talk talent, investment


January 9, 2014 9:43 am ET

Michigan lawmakers have scheduled a joint legislative meeting at the North American International Auto Show in Detroit on Jan. 15 to hear about automotive advances and what the state can do to further attract automotive jobs and investment.State Representative Frank Foster, a Republican from Foster and chair of the Michigan House Commerce...

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Are complete modules in auto suppliers' future?


December 27, 2013 9:40 am ET

The booming North American auto industry is generating a lot of activity for both automakers and suppliers, but an official for one company said the rapid regrowth of the industry from the depths of recession opens the potential for suppliers to...

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Magna expanding footprint in Mexico


November 22, 2013 1:06 pm ET

GUADALAJARA, MEXICO — Magna International Inc. is pumping millions into developing its composite business in Mexico, concentrating much of its investment on its automotive operations in Celaya to keep pace with the country's burgeoning auto...

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