Welcome to our dedicated page for Magna Intern news (Ticker: MGA), a resource for investors and traders seeking the latest updates and insights on Magna Intern stock.
Magna International Inc. (MGA) is one of the world’s largest automotive suppliers and a mobility technology company with operations across North America, Europe, and China. The Magna news feed on Stock Titan aggregates company announcements, financial updates, technology milestones, and program awards that illustrate how Magna participates in the global automotive and mobility landscape.
Investors and industry followers can use this page to review Magna’s press releases on topics such as quarterly financial results, capital allocation decisions, and normal course issuer bids. For example, Magna reports its sales, segment performance, and outlook through detailed quarterly results releases, and it discloses share repurchase authorizations and related automatic share purchase plans through dedicated announcements.
The news stream also highlights Magna’s technology and program developments. Recent items include collaborations on NVIDIA DRIVE Hyperion-compatible ECUs and integration services for assisted and automated driving systems, expansion of electric drive system production in China, and scaled deployment of mirror-integrated Driver Monitoring System technology with a Germany-based OEM. Additional coverage features vehicle assembly programs with automakers such as XPENG and GAC, reflecting Magna’s role in complete vehicle engineering and localized EV production in Europe.
Visitors can expect news about Magna’s participation in major industry events, such as exhibitions showcasing sustainable materials, drivetrain and energy storage systems, and advanced driver assistance and interior sensing technologies. By following this page, readers gain a consolidated view of Magna’s reported financial performance, strategic collaborations, electrification projects, safety and sensing solutions, and complete vehicle programs as disclosed in its official communications.
Serve Robotics (Nasdaq: SERV) has nominated David Goldberg to stand for election to its Board of Directors at the 2024 Annual Meeting of Stockholders. With over 20 years of experience, Goldberg has held significant roles in the finance and mobility sectors, most recently serving as CFO of REE Automotive. He has also been a strategic advisor at Magna International and a Managing Director at Greenhill & Co. Goldberg holds a Business Administration degree from the Ivey Business School at Western University. Ali Kashani, Chairman of Serve's Board, emphasized the value Goldberg's expertise will bring to the company.
Magna International Inc. announced the results of its 2024 annual meeting, where all 12 nominees were re-elected to the Board, Deloitte was reappointed as the independent auditor, and the 'Say on Pay' resolution was approved. The Board also confirmed key positions. Magna is a global mobility technology company with a vast workforce and decades of expertise.
Magna International Inc. (TSX: MG; NYSE: MGA) reported first quarter 2024 results with sales up 3% to $11.0 billion, diluted earnings per share at $0.03, and adjusted diluted earnings per share at $1.08. The company recorded asset impairments and restructuring costs related to Fisker, paid dividends of $134 million, and maintained its 2024 Adjusted EBIT Margin Outlook range of 5.4%-6.0%.
Magna has won the 2024 Automotive News PACE Award and received multiple PACEpilot Innovation to Watch recognitions. The company's Integrated Driver & Occupant Monitoring System, EcoSphere 100% Melt-Recyclable Foam and Trim, and Modular & Scalable Active Grille Shutter Assembly were recognized for their innovation and sustainability. Magna was the only company to receive both a PACE Award and multiple PACEpilot Awards.
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