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Magna International Inc T.MG

Alternate Symbol(s):  MGA

Magna International Inc. is a Canada-based global automotive supplier. The Company has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting, and roof systems. Its Veoneer Active Safety provides sensor, software and systems engineering solutions to a range of customers. The Company's segments include Body Exteriors & Structures; Power & Vision; Seating Systems; and Complete Vehicles. Its Body Exteriors & Structures include body structures, chassis structures, exterior, energy storage systems and other. Its Power & Vision products include electrified powertrain technologies, powertrain subsystems and other. Its Complete Vehicles consist of complete vehicle engineering and complete vehicle manufacturing. The Company's global network includes 341 manufacturing operations and 88 product development.


TSX:MG - Post by User

Bullboard Posts
Post by btrevorbon May 01, 2013 5:00pm
64 Views
Post# 21326074

explosion

explosion

 

Nine people were injured in an explosion and fire on Wednesday at an auto parts plant in Newmarket, Ontario, owned by Magna International Inc, local police said.

York Regional police said six people were sent to the hospital, while Magna said in a statement that five employees were hospitalized for evaluation.

Magna confirmed that its Dortec Industries plant, which is located some 35 miles (55 kilometers) north of Toronto, is closed at this time. Police said provincial officials are investigating the cause of the explosion.

Magna, one of Canada’s largest auto parts makers, said 350 people are employed at the plant.

Bullboard Posts