The joint venture will begin supplying front-end modules to China’s automotive market
Currently the MINI Countryman and MINI Paceman being assembled by Magna Steyr in Graz.
A seven per cent jump in North American vehicle production offset weakness in Europe.
Magna CEO Don Walker said Demel will take on a role of “special advisor” to Walker and his global executive team.
The system reduces drag while maintaining optimal engine temperatures.
The new guidance range is up from February’s sales projection of between $28 billion and $29.5 billion.
The ex-premier of Ontario’s controversial stint as board chairman ends after only one year
Magna CEO Don Walker and his wife Joan Kelley shone a spotlight on the needs of Africa at their Africa Comes Alive event.
Cosma International has acquired Grenville Castings, a supplier of aluminum components for the automotive, heavy truck and recreational markets.
Firefighters from several departments were called out to battle an intense fire at a Magna auto parts plant in Michigan.