Tuesday Ticker: October 12, 2021
Toronto, Ontario — This week, Magna may have an opportunity to pick up Qualcomm’s leftovers from the Veoneer acquisition; an Ontario-based battery maker lands a unique deal to break ground in Quebec; while Tesla CEO Elon Musk announces a new home for the EV brand. More opportunities for Magna Magna International may have missed out […]
Tuesday Ticker: October 5, 2021
Toronto, Ontario — This week, Magna gets booted from its proposed deal with automotive technology group Veoneer, Rivian officially files its initial public offering (IPO) and Axalta reevaluates its full-year guidance. Melancholy at Magna Swedish automotive technology firm Veoneer has opted to go with Qualcomm’s $37-per-share merger bid following a previously announced merger with Aurora, […]
Tuesday Ticker: September 28, 2021
Toronto, Ontario — In this week’s Tuesday Ticker, market analysts place their bets for Driven Brands Q3 financials; Magna partners with the federal government and the University of Waterloo in the areas of autonomous driving; and Swedish automaker Polestar makes plans to go public. Place your Driven Brands bets Wall Street brokerages are anticipating Driven […]
Tuesday Ticker: August 17, 2021
Toronto, Ontario —Uber faces a new Ontario class action suit, Boyd reports 44.4 percent higher sales numbers for Q2 2021 and ABCD—all in this week’s edition of the Collision Repair mag Tuesday Ticker. Uber caught in class action Ontario’s Superior Court of Justice has certified a class-action lawsuit against Uber, which furthers a fight for […]
Tuesday Ticker: July 27, 2021
Toronto, Ontario — This week, Stellantis teases EV plant operations on Canadian soil; Magna International makes an ADAS-aware move for its future and PPG reveals its Q2 2021 financials. Smooth-talking Stellantis Stellantis, formerly known as Fiat Chrysler Automobiles, is reportedly deciding on North American locations for two new electric vehicle battery plants, one of which […]
Advancing ADAS: Magna purchasing auto safety technology company for US$3.8-billion in pursuit to lead in smart cars
Aurora, Ontario — Magna International Inc. is purchasing automotive safety technology company Veoneer to reach its goal of becoming a leader in smart car technology, the company announced Thursday. Magna will reportedly acquire the Swedish company for US$3.8-billion. “The acquisition builds on Magna’s strengths and positions the company’s advanced driver assistance systems (ADAS) business as […]
Fisker Finds A Friend: Apple car collaboration could be incoming
Manhattan Beach, California — The manufacturing company that has been making your iPhone for over a decade is in line to make your car too. Foxconn, the world’s largest contract electronics manufacturer signed a deal with Fisker to begin making electronic vehicles in 2023. The exact location of the new U.S plant has yet to […]
Eyes on the Road: Magna’s near rear-view mirror monitors for distracted driving
Aurora, Ontario — Magna International’s latest market-ready solution is integrated into an interior mirror and meets global regulations related to the detection of distracted driving. According to the company, the mirror utilizes proven camera-based technology to monitor the driver’s head, eye and body movement to detect distracted behaviour, drowsiness and fatigue. If distracted behaviour is […]
Tuesday Ticker: April 13, 2021
Toronto, Ontario — Magna partners with an Israeli startup, which will see the Aurora, Ont.-based company build electric vehicles atop the startup’s platform; electric vehicle sales grow in B.C. and General Motors meets its mask production promise to the federal government in this week’s Tuesday Ticker. More moves for Magna Magna International will develop an […]
SARIT Your Engines: Magna founder reportedly planning three-wheeled EV
Aurora, Ontario — Frank Stronach, founder of Aurora, Ont.-based Magna International, is reportedly planning to build a three-wheeled, single-seat EV in the Greater Toronto Area. The Toronto Star was the first to report Stronach was looking to build a new headquarters for his Safe Affordable Reliable Innovative Transport (SARIT) company after he applied for a […]
