Tag Archives: magna

Magna to Make BMW 5-Series Plug-in Hybrid

BMW’s new 530e plug-in hybrid will be produced at Magna’s contract manufacturing plant in Graz, Austria, starting in summer 2017. Continue reading

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Toyota Promotes an American Executive to key Job in Nagoya Headquarters

A significant move is promoting Mark S. Templin, from group vice president and general manager – Lexus Division in the U.S. to managing officer and executive vice president of Lexus International, where he will lead Lexus global operations from Toyota City, Japan. Templin is the first non-Japanese executive to oversee a Toyota division within the company’s global headquarters in Japan. Continue reading

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Magna International Loses Bid for New Infiniti Compact Car

Magna International said today that Nissan Motor will make a new premium compact Infiniti car itself rather than use a Magna Steyr plant in Graz, Austria in 2014. The Infiniti deal, first announced last May, would have represented the first Japanese car ever assembled by the giant Canadian-based auto components company whose largest operations are in Europe. Continue reading

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Magna Board Says Bye-Bye Belinda Stronach. Unexpected Result of Deal that Ceded Control of the Auto Parts Giant

Magna International Inc. (TSX: MG; NYSE: MGA) announced late yesterday that Belinda Stronach,  daughter of Magna founder Frank Stronach, will be “resigning” from her role as Executive Vice-Chair and member of the Board of Directors, effective 31 December 2010. “The … Continue reading

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