Magna Offers Low-Cost Electric Truck Solution for Automakers

Magna International Inc., one of the largest automotive suppliers in the world, has unveiled a battery-electric, four-wheel-drive powertrain system that automakers can directly integrate into their pickup trucks and even light commercial trucks without having to completely overhaul the architectures that underpin them — reports Automotive News. The EtelligentForce, as Magna is calling the system, […]

Apple Car Contract May Go to LG Magna Joint Venture: Report

Magna and LG Electronics announced the formation of a partnership to build electric vehicle (EV) components last year, and in a new update, the joint venture may be likely to win a contract to build Apple’s upcoming autonomous vehicle. On Tuesday, an anonymous person familiar with the matter told the Korea Times that LG Magna […]

Magna Developing Driver Assistance Technology with Fisker, Without Lidar

Autonomous driving is here to stay, and while Tesla’s currently the only one on the road with the active technology, several other companies are looking to follow suit. On Monday, Canada-based automaker Magna International announced it would be developing an Advanced Driver Assistance System (ADAS) with Fisker Inc. for its first release in 2022, according […]

LG and Canada’s Magna to Produce Electric Vehicle Components

LG Electronics Inc. is now developing some of its car component business plans into a joint venture with Canadian company, Magna International, as reported by Yahoo Finance. According to an exchange filing, Magna will buy a 49% stake in LG’s new car component unit for 501.6 billion won ($453 million USD). The new company is […]