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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

Post by Betteryear2on Dec 04, 2023 10:42am
139 Views
Post# 35766998

Magna Enhances ADAS Capabilities

Magna Enhances ADAS Capabilities
  • NorthStar partnership with Telia and Ericsson to help support Magna’s V2V and V2X developments
  • Private 5G network testing environment established at Magna’s test track in Sweden
  • Magna to have access to 5G mmWave technology, enabling low latency gigabit speeds

AURORA, Ontario, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Magna, a leading global mobility technology company, is enhancing its automated driving capabilities by joining NorthStar – Telia Sweden and Ericsson’s 5G innovation program for industrial enterprises. As part of the agreement, Telia and Ericsson have built a dedicated, private 5G network at Magna’s test track located in Vrgrda, Sweden, where new cutting-edge Advanced Driver Assistance System (ADAS) solutions in vehicle-to-vehicle (V2V) and vehicle-to-everything (V2X) connectivity are being trialed.

Magna Enhances ADAS Capabilities by Joining 5G Innovation (globenewswire.com)

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