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In February 2015, Samsung SDI agreed to purchase the battery pack business from Magna Steyr, an Austrian operating unit of Magna International, for $120 million. [16] Magna International partnered with Argus Cyber Security after joining in a 2015 Series B funding round to access the company's security technology. [17] The company sold its ...
Magna International and LG note that this new joint-venture will employ more than 1,000 employees across the U.S., South Korea, and China. The goal is to complete the deal in July 2021 with ...
In March 2017, Magna Steyr started to produce the new BMW 5 Series sedan; production was shared with BMW Group's manufacturing plant in Dingolfing, Germany. [6] In early December 2016, Magna International announced it will build the new Jaguar I-Pace, the company’s first battery electric vehicle. Jaguar later said Magna Steyr will also ...
In 1988, Magna formed Tesma International to manufacture engine and transmission parts. Tesma was spun off into a public company in 1995 while retaining affiliation with Magna. [1] In 2001, founded Magna Steyr (through an acquisition), to engineer, develop and assemble automobiles for other companies on a contractual basis.
Frank Stronach CM (born 6 September 1932) is an Austro-Canadian billionaire businessman and politician.. Frank Stronach (2013) He is the founder of Magna International, an international automotive parts company based in Aurora, Ontario, Canada, Granite Real Estate, and the Stronach Group.
Granite was originally a part of Magna International and was spun-off as a public company known as MI Developments in 2003. [1] MI Developments was indirectly controlled by Frank Stronach, founder of Magna, through a multiple voting share structure. [2]
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Magna (bicycle company) Magna Corporation, an American public company; Magna Entertainment Corp., gaming and horse racing company; Magna Home Entertainment, entertainment distributor also known as Magna Pacific; Magna International, Canadian automotive supplier; Magna Publishing Group, American publisher of pornography