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Report
Convertible demand has tanked over last seven years

Few things match the joy of open-roofed motoring. The wind runs through your hair, the sun beats down and the trees flash overhead, and it's then that you realize that this elemental experience is just better than being permanently ensconced in stylized cage of steel and glass. Unfortunately for a lot of convertible manufacturers, consumers are unaware of this truth.

Report
Explosion at Magna plant injures workers

An explosion at a Magna International divisional plant in Newmarket, ON, a manufacturing facility for Dortec Industries, occurred on Wednesday afternoon. Some nine people were injured in the accident and five or six (reports vary) were sent to the hospital. Magna has reported that all workers have since been released from the hospital.

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SAE Congress: Magna Flex4 offers slight fuel savings in a Land Rover LR2 [w/video]

Flex4 may sound like something sold during the 3 a.m. hour on advertorial television, but it's really Magna's part-time all-wheel drive system that offers the benefits of AWD with lower emissions than standard AWD. How? Because Flex4 can disengage the power going to the rear wheels when it determines that it isn't needed, changing the vehicle to a more-efficient two-wheel-drive ride. The AWD is also engaged every time the vehicle stops and, most of the time, when the vehicle goes above 30 miles

Official
GM teams with Magna E-Car Systems to electrify a Chevrolet Equinox fleet

While the 2014 Chevrolet Equinox may offer the eAssist hybrid system, there's now word that the Detroit giant has already built a nine-strong all-electric demonstration fleet of its super-popular crossover. Calling on the E-Car Systems unit of Magna to do the technological heavy lifting – the same folks who helped Ford develop its Focus

Report
China's Chery, Magna developing 3 compacts for Europe

Joint venture Chery Quantum Auto – owned by China's Chery Automobile and Israel Corporation – will reportedly export three compact vehicles to Europe in 2012. Austrian supplier Magna Steyr will be tasked with developing the vehicles, according to Financial Times Deutschland.

Magna VP says electric vehicle won't appeal to consumers until gas exceeds $5/gallon

Speaking at a symposium on electric vehicles (EVs) in Toronto, the vice president of Magna E-Car Systems, Dave Pascoe, admitted that even though numerous automakers have committed to producing EVs, the likelihood that these vehicles will have broad appeal depends almost entirely on the price of gasoline. Pascoe believes that high up-front costs will restrict sales of battery-power

Report: GS Yuasa, Mitsubishi, Magna to build li-ion battery production facility in Europe

GS Yuasa, the lithium-ion battery maker that recently dissolved its joint venture (JV) with Sanyo, is now eying the possibility of setting up shop with the assistance of Mitsubishi Corp. and Magna International Inc. The Nikkei reports that GS Yuasa will hold a majority stake in a new joint venture that's aimed at boosting lithium-ion battery production in Europe. Magna will reporte

Russia's Sberbank wants GM to pay for dropping the Opel deal

It not only takes money to close a deal, it takes money to get close to closing a deal. Sberbank, which was Magna's Russian partner in the bid for Opel, said it assembled 9,000 contract pages during the negotiations. Unless Russian corporate lawyers are that much cheaper than their American counterparts, the associated legal fees could probably be described by th

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