Magna International Inc T.MG

Alternate Symbol(s): MGA

Consumer Cyclical Auto Parts

Magna International Inc. is a Canada-based mobility technology company. The Company is a global automotive supplier that 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. It also has electronic and software capabilities across many of these areas. Its segments include Body Exteriors & Structures; Power & Vision; Seating Systems, and Complete Vehicles. Its products include Battery Enclosures, Body-in-White Solutions, Chassis Systems, ADAS and automated driving, control modules, active aerodynamics, exterior systems and modules, lighting, mechatronics, mirrors, electrified powertrain products, Complete Vehicle Engineering and others. Its global network includes approximately 343 manufacturing operations and 105 product development, engineering and sales centers spanning 28 countries.

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Magna International Inc

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Post by Itsagameon May 04, 2015 7:27pm

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Post# 23693002

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Magna and Chongqing Xingqiaorui Automotive to form Joint Venture

Monday, May 04, 2015

Magna and Chongqing Xingqiaorui Automotive to form Joint Venture

17:07 EDT Monday, May 04, 2015

JV to supply body and chassis components to Chinese market

SHANGHAI, China, May 4, 2015 /CNW/ - Magna International Inc. and Chongqing Xingqiaorui ("Xingqiaorui") have agreed to form a strategic joint venture in China. Under the terms of the agreement, Cosma International, Magna's body and chassis operating unit, will hold a 53% stake in the JV, while Xingqiaorui will hold the remaining 47%. The transaction is expected to close in late 2015 or early 2016, subject to regulatory approvals.

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