Magna

  • Ineos Grenadier logo

    The Ineos Grenadier is scheduled to start production in 2021, just one year after Land Rover's new Defender.

  • Magna Powertrain three-motor Model S setup
    Magna Powertrain adds extra motor to Tesla Model S for better handling

    What happens when a third electric motor is added to a Tesla Model S? Not additional power, but increased handling prowess. That's according to Roadshow, which recently had a go in a tri-motor Tesla Model S. But ... surprise ... it isn't actually a Tesla Model S. It's Magna Powertrain's own...

  • Magna MILA Plus concept, 2015 Geneva Motor Show
    Magna MILA Plus Concept Combines Performance With Eco-Friendliness

    Automotive supplier and independent vehicle manufacturer Magna is bringing the eighth concept from its MILA family of forward-looking studies to next week’s 2015 Geneva Motor Show, with the latest version built to preview the sports car of the future. Magna’s concepts typically don't...

  • Magna Touchskin technology
    Magna Touchskin Tech: Turns Your Interior Into One Big iPod

    Once the preserve of control panels on the Starship Enterprise, touch technology is now central to some of the most popular gadgets, including smartphones and satellite-navigation systems. It'll soon take over much of our car interiors too, says electronics firm Magna. The company has been working...

  • Camaro Convertible
    Magna To Supply Automated Folding Soft-Top For 2011 Chevrolet Camaro Convertible

    The muscle car showdown is in full swing, with the Camaro, Mustang and Challenger all back in retro-modern form, and so far, the Camaro has won every round if retail sales are the scorecard. Expanding the Camaro's appeal with a convertible could do even more to keep it ahead of the Ford and Dodge...

  • 2012 porsche cayman test mule spy shots june 02
    2012 Porsche Boxster, Cayman To Be Built In-House ... Sort Of

    The Porsche Cayman and Boxster are currently built under contract at a Magna facility in Austria.

  • 2009 Opel Insignia Sedan

    Late last month reports emerged that GM's sale of Opel to a consortium of buyers led by Magna International and Russia's Sberbank could be done as early within weeks. Since then, the deal hasn't quite come to completion, undergoing scrutiny from the EU for fairness in the bidding process. Today, GM made all the hubbub around the Opel sale meaningless by announcing it has decided to keep the brand. GM CEO Fritz Henderson summed up the decision succinctly: "This was deemed to be the most stable and least costly approach for securing Opel/Vauxhall’s long-term future." He also acknowledged...

  • 2010 Mercedes-Benz SLS AMG
    Magna To Build 2010 Mercedes-Benz SLS AMG

    The contract manufacturer Magna has been awarded the Mercedes-Bens SLS AMG production contract.

  • 2010 Aston Martin Rapide
    2010 Aston Martin Rapide Debuts At Frankfurt Auto Show

    First deliveries of the 2010 Aston Martin Rapide will commence early next year and will be available globally through Aston Martin’s 125 strong dealership network

  • 2009 Opel Insignia Sedan
    GM Approves Opel Majority Sale to Magna International And Sberbank

    Under the deal GM would sell a 55% stake in a restructured Opel to the Magna International And Sberbank partnership.

  • 2009 Opel Insignia
    GM Considering Plan To Keep Opel

    GM could raise more than $4 billion by selling or mortgaging assets in China.

  • 2009 Opel Insignia
    Belgium’s RHJ International emerges as latest bidder for Opel

    Holding company RHJ International has emerged this week as a strong challenger to Magna International in the bidding war for General Motors' Opel division. The Belgium-based industrial holding firm, which is linked to the U.S. buyout company Ripplewood, confirmed that it was in advanced talks to...

  • 2011 Peugeot RCZ official teaser

    The midsize Peugeot 308 is one of the most flexible vehicles in the French automaker’s lineup, spawning numerous variants such as the regular three and five-door hatchbacks, SW wagon, as well as the stylish CC convertible. However, there is at least one more 308 variant in the works and it’s destined to be the most exciting of them all. The car, revealed in these official teasers, is the production version of 2007’s 308 RC Z concept, a sporty coupe with similar proportions to the original Audi TT and a punchy turbocharged four-banger. Peugeot has confirmed the 308 RC Z was...

  • Opel Insignia Sports Tourer
    Beijing Auto offers $923 million for Opel, but race could already be over

    Three companies have submitted bids for Opel so far, but another, China's Beijing Automotive Industry Corporation (BAIC), has now joined the fray with an offer of more than $923 million. However, Opel front-runner Magna International's consortium partner Sberbank believes the bidding war is already...

  • 2010 Opel Astra
    Magna may use Opel as vehicle supplier for other brands

    The saga surrounding General Motors’ European subsidiary Opel continues to unfold as the struggling automaker ponders the bids that are on offer. Now, anonymous sources close to Canada’s Magna International have revealed that if the auto parts giant wins the bid it will be executing a...

  • 2010 peugeot rc z spy shots 006
    Spy shots: Peugeot 308 RC Z coupe nearly undisguised

    The midsize Peugeot 308 is one of the most flexible vehicles in the French carmaker’s lineup, spawning numerous variants such as the regular three and five-door hatchbacks, SW wagon, as well as the stylish CC convertible. However, there is at least one more 308 variant in the works and...

  • 2010 Opel Astra
    Opel’s new owner won’t be able to sell cars in U.S. or China

    Earlier this week Opel managed to secure a $2.1 billion bridge financing package from the German government to keep itself operating until ownership is transferred from GM to another investor. This new investor will be Canada’s Magna International, which together with Russian bank Sherbank...

  • 2009 Opel Insignia
    Fiat skips Opel talks, Chrysler deal to be finalized today

    The future of General Motors’ European division Opel will soon be a lot clearer as a buyer for the brand is expected to be announced within the next week. Up until now, one of the leading bidders for the brand was Fiat but today it has been revealed that the Italian auto giant has walked away...

  • Opel logo

    The contents of the bids for purchase of Opel submitted by Fiat, Magna and Ripplewood Holdings on Wednesday - and BAIC on Thursday - haven't yet been disclosed, but today the governor of the German state where Opel is headquartered said he thinks Magna's plan is the best for Opel. Though Hesse state governor Roland Koch didn't say exactly why the Magna plan is his favorite, he did imply that his preference is based on the plan's treatment of labor, reports the Detroit Free Press. "I think there is a certain ranking, in which the offer from the Magna group is certainly the one that is closest...

  • 2008 Saturn Astra
    Magna-Saturn-Opel alliance could prove formidable

    A lot of discussion goes into the topic of finding synergies within the auto industry, but few big, successful examples show what that looks like. The disastrously failed attempts - DaimlerChrysler, for example - are more well-known. But Magna's gambit to win Opel and now Saturn from the rapidly...

  • Fiat 500C
    Fiat not planning to close plants in Europe as result of Opel deal

    Fiat and Magna are still working with the German government on the takeover of Opel from General Motors' European operations, but Fiat is already being forced to quell concerns that it might shut down European Fiat plants if it does acquire Opel. Today Italian Industry Minister Claudio Scajola made...

  • 2010 Opel Astra
    Report: Magna considers using Opel to build cars for other brands

    Bidding for General Motors’ Opel division has intensified recently, with the German government revealing late last week that only two parties remain in the bidding war – Fiat and Magna International (together with Russia’s GAZ Group). While it’s been speculated that Fiat is...

  • 2009 Opel Insignia
    Russia’s GAZ emerges as potential bidder for Opel

    Less than 24 hours after GM CEO Fritz Henderson announced that a new buyer for Opel would be picked by the end of this month, Russia’s GAZ Group has confirmed that it would be interested in creating a joint venture with Magna International and Opel. Magna, as previously reported, is competing...

  • 2011 Ford Focus preview
    Ford hopes to sell 5,000 to 10,000 Focus electric cars per year

    Electric cars may be all the rage these days but making the technology cheap enough for mass-market will take some time. One of the leaders in this field is Ford, which is expected to have one of the first mass-produced all-electric cars on the market with its battery-powered Focus. Arriving in...

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