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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.


TSX:MG - Post by User

Magna International Inc
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Post by Betteryear2on Apr 21, 2022 9:02am
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Post# 34619531

Magna’s New Slovakia Facility

Magna’s New Slovakia Facility
  • Facility to produce advanced cameras and electronics for inverters
  • Production expected to start in the fourth quarter of 2022
  • Up to 600 new jobs expected to be created longer term  

AURORA, Ontario, April 21, 2022 (GLOBE NEWSWIRE) -- Magna is expanding its ADAS and electrification footprint with the opening of a new plant in Kechnec, Slovakia. The brownfield facility will support two European automakers and new global entrant. Covering an area of approximately 22,000 square meters, the facility is expected to begin operations in the fourth quarter of this year with plans to hire 100 employees initially in time for start of production.

Magna’s New Slovakia Facility to Support Growing ADAS and Electrification Market

 
 
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