Contract manufacturer Magna Steyr could soon be building electric cars for two Chinese companies. According to a report, ...

Even though it’s not a household name like Apple, Coca-Cola, Ford or Visa, Magna is, nonetheless, a massive company. The No. 1 automotive supplier in North America and the third largest globally ...

In summary, Magna is a hold for 2025, with a tilt toward buying for higher risk-tolerant investors. Monitor trade policy, ...

Supply chain disruptions. Globally, every industry has had to adapt. The automotive sector, one of the most dynamic industries in the world, is no exception. However, what adds a level of ...

Shares of Canadian auto-parts makers retreated after President Trump threatened higher tariffs on the sector's exports to the U.S. Magna International's stock declined 4.4% to 52.75 Canadian dollars, ...

CIBC analyst Krista Friesen lowered the firm’s price target on Magna (MGA) to $36.50 from $44 and keeps a Neutral rating on ...

This is a proof of concept from North America’s largest automotive parts supplier. Taking the place of the 3.6-liter V6 and the standard Gladiator hardware is a pair of Magna’s eBeam drive units.

Magna, which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $10.63 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.14%.

“Strong partnerships with our customers are essential for driving innovation and advancing the automotive industry,” said Eric Wilds, Magna Chief Strategy & Commercial Officer. “Our ...

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Magna International and Mercedes-Benz continue their long-standing partnership, focusing on innovation in the automotive industry, particularly with the introduction of the all-new electric ...