Magna International will unveil its MAX4 autonomous driving platform at the upcoming Frankfurt Auto Show (IAA), underlining how automotive suppliers plan to play a crucial role in the transformation of the car industry. The Canadian supplier, one of the world’s largest, said its platform isÂ a fully integrated, customizable and scalable architecture that can enable level Read More..
Magna International has signed a purchase agreement to buy Germany’s Telemotive, an engineering service provider in the field of automotive electronics. The acquisition aims to bolsterÂ the Canadian automotive supplier group’s expertise in digital technologies. MagnaÂ said that, once the transaction has been approved by regulators, it plans to integrate Telemotive into Graz, Austria-based Magna Steyr, the Read More..
Automotive suppliers are in the midst of a strategic reorientation marked by high investment and stepped-up merger and acquisition activity, according to a new study by Berylls. In 2015, companies especially targetedÂ emissions technologies, autonomous driving systems and alternative powertrains, the strategy consultants said Merger and acquisitions examples cited include Robert Bosch’s battery technology startup SEEO Read More..
The new Opel Insignia will be one of the first cars in Europe to have a camera-based forward-collision warning system, supplier Magna International said. Magna said its Eyeris electronic vision system, which was developed by the Canadian group’s Magna Electronics division, uses a video camera mounted behind the windshield and an advanced image processor to Read More..
Automotive supplier Magna and simulation specialist Tesis Dynaware are combining their simulation products to provide a complete analysis of a car’s energy and thermal management. The two companies are coupling Tesis Dynaware’s DYNA4 full vehicle simulation with Magna’s KULI thermal simulation product to create a comprehensive analysis tool. They said the combined product will be Read More..
Continental is buying the radar engineering unit of Canadian supplier Magna International in a bid to strengthen its position in driver assistance systems. The German automotive supplier said the acquisition of the unit, which has its operations in Ottobrunn near Munich, will enhance its portfolio competence and leading edge in radar sensing systems. Ralf Cramer, Read More..
T-Systems will provide a range of Cloud-based IT services to Magna, as part of the Canadian supplier group’s effort to modernize and upgrade its global information and communication technology. T-Systems, a subsidiary of Germany’s Deutsche Telekom, said it is providing Magna with a Cloud infrastructure that allows the supplier to connect its worldwide locations to Read More..