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MGA has recently been in the news on account of a new vehicle assembly deal with Xpeng which marks its first collaboration with a Chinese EV player in Europe. Assembly volumes for MGA's 'Complete Vehicle' division have been on a slump, but this development could help boost prospects, particularly next year, when a mass market model could come tothetable. The XPEV partnership marks MGA's first C...
AURORA, Ontario, Sept. 15, 2025 (GLOBE NEWSWIRE) -- As Chinese car manufacturers enter the European market, the need for localized production is growing. Today, Magna has announced that XPENG, a Chinese smart electric vehicle manufacturer, has selected the company to assemble two new models for the European market. Serial production of these new smart electric vehicles will begin in Q3 2025, ma...
AURORA, Ontario, Sept. 11, 2025 (GLOBE NEWSWIRE) -- Magna today announced the appointment of Philip D. Fracassa as Executive Vice-President and Chief Financial Officer (CFO), effective immediately. He succeeds Patrick McCann, who will step down following a distinguished career spanning more than 26 years with Magna. To support a seamless transition, McCann will remain in an advisory role until ...
SAILAUF, Germany, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Magna, one of the world's largest and most trusted suppliers in the automotive industry, will showcase the latest innovations shaping mobility today and in the future at IAA Mobility 2025, in Munich. From September 8 to 14, the company will present advancements in sustainable materials, drivetrain technologies, energy storage systems and Advan...
Magna International Inc. (NYSE:MGA ) Q2 2025 Earnings Conference Call August 1, 2025 8:00 AM ET Company Participants Louis Tonelli - Vice President of Investor Relations Patrick W. D. McCann - Executive VP & CFO Seetarama Kotagiri - President, CEO & Director Conference Call Participants Brian Morrison - TD Cowen, Research Division Christopher Patrick McNally - Evercore ISI Institutional Equitie...
Canadian auto parts supplier Magna International raised annual sales forecast and topped second-quarter estimates on Friday, benefiting from its cost-cutting measures.
AURORA, Ontario, Aug. 01, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2025.
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