Waymo has announced the opening of a new manufacturing facility in Mesa, Arizona, intended to support the expansion of its autonomous ride-hailing service, Waymo One. The facility, developed in partnership with automotive supplier Magna, will assemble fully autonomous Jaguar I-Pace electric vehicles equipped with the Waymo Driver system. Waymo One currently provides over 250,000 paid … Read more
Tonight at midnight Eastern time, the United States will begin collecting new and increased tariffs on 84 nations. The market today rebounded earlier — a “dead cat bounce” — but as the realization that tariffs were setting in, all the major indexes finished down on the day. Several key automotive stocks also hit 52-week lows. … Read more
As the automotive industry continues its rapid shift towards electrification, the future of heavy-duty pickups is being reimagined. Enter Magna’s EtelligentForce prototype, a glimpse into what electric heavy-duty trucks could offer by 2025. Designed to maintain the rugged capabilities expected of this segment while embracing the benefits of electric power, the EtelligentForce prototype represents a … Read more
Magna, a global leader in automotive technology, has unveiled its latest innovation: the ICON Radar. This cutting-edge radar system represents a significant leap forward in vehicle safety and autonomous driving capabilities, offering unprecedented accuracy and reliability. By harnessing digital signal processing, the ICON Radar promises to enhance the way vehicles perceive and respond to their … Read more
Magna, a global automotive supplier, has unveiled its innovative eBeam technology, a new solution designed to help automakers electrify their pickup trucks without compromising the rugged capabilities that truck owners expect. The eBeam system is a drop-in replacement for traditional beam axles, making it easier for manufacturers to integrate electric powertrains into their existing truck … Read more
Magna International and LG Electronics have announced a strategic joint venture to produce electric vehicle (EV) components, marking a significant move in the rapidly growing EV market. This collaboration aims to leverage the strengths of both companies to accelerate the development and production of key components for electric vehicles, addressing the increasing global demand for … Read more
