Page 5 - Magna Electronics News Today

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The move bolsters Magna’s expertise in advanced sensing technologies and also adds engineering centre in the Boston area.

Magna has acquired the technology, IP and assets of Optimus Ride, a startup based in Boston that was trying to commercialize electric autonomous shuttles. As part of the deal announced Tuesday, Magna has hired more than 120 employees of Optimus Ride. The financial terms of the agreement were not disclosed, Optimus Ride CEO Sean Harrington […]

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Magna launches surface element lighting technology June 9, 2021   Maryam Farag Magna has launched its new surface element lighting technology, which offers a new palette of options for automotive designers. First-to-market on the all-electric 2021 Volkswagen ID.4, surface element lighting is contained within a compact package, providing a homogeneous appearance and customizable LED lighting options for exterior vehicle applications. “Automotive designers are consta...

Magna (MGA) 2020 Q4 Earnings Report Magna International Inc. (NYSE:MGA) history dates back to 1957 when founder Frank Stronach opened a one-man tool and die shop in Toronto and named it Multimatic. A couple of years later, the company secured the first major contract from General Motors to manufacture metal sun visor brackets. The company went public in 1969 by merging with Magna Electronics, a defense and aerospace component manufacturer. Magna continued to grow its international presence over...