MagnaInternational

Magna International has decided that it will invest between $400 million and $600 million in lithium ion battery production over the next three years. The Canadian auto parts supplier will build two production ...

Though it has managed to fly a bit under most people's radar, Magna Internationl Inc., is North America's largest auto parts producer and third in the world. The name might not be commonplace, but it probably should be. We're well aware of the electric vehicle (EV) deal that Magna has going with ...

Magna International, the giant international parts supplier, will use this year's EcoXperience ride & drive track at the Detroit Auto Show as a backdrop to launch their new global unit, E-Car Systems. As one might deduce from its name, this new unit will offer electric technology integration ...

Frank Stronach, founder of Magna International, sees electric vehicles as a key step along the route to his long-time dream of making his company a full automaker. To that end, the company has built several electric drive concepts and is now ...

It looks like Ford won't be the only company getting lithium ion battery packs from Magna International. The Magna Steyr division of the supplier announced last week that it will begin production of packs at its plant in Graz, Austria next month. The packs will be supplied to Volvo for use in its ...

With Magna International set to take control of General Motors' European operations, it will be interesting to see how the Canadian parts supplier and contract manufacturer implements its electrification strategies. Last January, Magna and Ford ...

Magna International's contract manufacturing unit, Magna Steyr, used the Geneva Motor Show to unveiled its Mila EV concept (read more here) last month. The parent company's strong work in the electric vehicle field helped Ford recently unveil ...

You may have heard on the news recently about President Obama's big plan to help auto suppliers. While the OEMs generate most of the auto news headlines, suppliers are a huge part of the auto industry. CNN offers a good story on how the strides that ...

Auto supplier Magna Steyr has chosen the Geneva Motor Show to unveil its new mila ev concept vehicle. You may recall that Magna is currently working with Ford on a production version of the Focus-based electric car that the ...

Magna International is the third largest auto supplier in the world and it now appears the company was very lucky to escape buying Chrysler last year. Having survived to fight another day, the company has recently been working to develop a complete electric car. The company is currently developing ...