• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Magna Accelerates Hybrid Innovation With First Dedicated Drive System Award

    11/19/24 8:00:00 AM ET
    $MGA
    Auto Parts:O.E.M.
    Consumer Discretionary
    Get the next $MGA alert in real time by email
    • Dedicated hybrid drive system brings high performance and sustainability to leading Chinese OEM
    • New 800V solution ensures a smooth and comfortable experience in all driving conditions
    • Scalable DHD Duo design integrates seamlessly across various vehicle models, enhancing energy efficiency and driving versatility

    AURORA, Ontario, Nov. 19, 2024 (GLOBE NEWSWIRE) -- As OEMs increasingly prioritize hybrid solutions globally within their broader electrification strategies, Magna has secured its first award for a Dedicated Hybrid Drive (DHD) Duo system with a leading Chinese OEM. This recognition underscores Magna's commitment to innovation and sustainability, as well as the company's flexible approach to supplying power to wheels.

    A Media Snippet accompanying this announcement is available by clicking on this link.

    Magna's DHD Duo system delivers a longitudinal front drive solution featuring an advanced dual e-motor and multi-speed design. The high-powered 800V system ensures an exceptionally smooth and comfortable experience across all driving conditions, positioning Magna at the forefront of hybrid technology innovation.

    "Our DHD Duo system embodies our commitment to creating exceptional driving experiences that are kinder to the planet," said Diba Ilunga, President Magna Powertrain. "This hybrid solution offers our customers efficiency and versatility to meet both market demands and environmental goals, without sacrificing performance or comfort."

    Addressing the challenge of integrating longitudinal hybrid systems in both passenger and commercial vehicles, the DHD Duo leverages compact and highly integrated dog clutch technology. This allows for application of the DHD Duo system across multiple vehicle models without the need for structural modifications, offering unmatched flexibility to OEMs.

    The longitudinal DHD Duo front drive is part of Magna's DHD Duo family. Its scalable design supports B to E vehicle segments, including SUVs, pickups, and light buses. It provides a flexible architecture switch between P1+P3, P2+P3, and range extender configurations, accommodating electric, serial, and parallel driving modes.

    By addressing a product gap in the longitudinal front-drive, multi-speed 800V hybrid transmission market, Magna's DHD Duo offers a versatile solution for global markets.

    Production is scheduled to start in Q3 2025, at Magna's Nanchang facility.

    For more information on Magna's DHD Duo system, visit the company's product page.

    INVESTOR CONTACT

    Louis Tonelli, Vice-President, Investor Relations

    [email protected], 905-726-7035

    MEDIA CONTACT

    Tracy Fuerst, Vice President, Corporate Communications & PR

    [email protected], 248-761-7004

    ABOUT MAGNA

    Magna is more than one of the world's largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team of over 175,000 employees across 343 manufacturing operations and 107 product development, engineering and sales centres spanning 28 countries. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape. 

    For further information about Magna (NYSE:MGA, TSX:MG), please visit www.magna.com or follow us on social.

    THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE "FORWARD-LOOKING STATEMENTS" UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA'S REGULATORY FILINGS. PLEASE REFER TO MAGNA'S MOST CURRENT MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA'S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA'S WEBSITE AT WWW.MAGNA.COM.

     



    Primary Logo

    Get the next $MGA alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $MGA

    DatePrice TargetRatingAnalyst
    4/11/2025Outperform → Sector Perform
    RBC Capital Mkts
    3/4/2025$52.00 → $48.00Buy → Neutral
    BofA Securities
    1/24/2025$41.00 → $52.00Sector Perform → Outperform
    RBC Capital Mkts
    12/11/2024$42.00 → $41.00Neutral → Sell
    Goldman
    12/5/2024Underperform → Peer Perform
    Wolfe Research
    9/25/2024$55.00 → $43.00Overweight → Equal-Weight
    Morgan Stanley
    9/5/2024Peer Perform → Underperform
    Wolfe Research
    7/1/2024Neutral → Outperform
    Exane BNP Paribas
    More analyst ratings

    $MGA
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Magna Announces 2025 Annual & Special Meeting Results

      AURORA, Ontario, May 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today announced voting results from its 2025 annual and special meeting of shareholders held on May 8, 2025. A total of 221,621,186 Common Shares or 78.66% of our issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of each item of business, as follows: a.        Election of Directors         NomineeVotes FORNomineeVotes FORMary S. Chan98.05%William A. Ruh88.30%Hon. V. Peter Harder98.56%Dr. Indira V. Samarasekera85.59%Jan R. Hauser99.48%Peter Sklar99.87%Seetarama S. Kotagiri (CEO)99.53%Matthew Tsien88.33%Jay K. Kunkel99.

      5/8/25 5:00:00 PM ET
      $MGA
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Magna Announces First Quarter 2025 Results

      Comparing the first quarter of 2025 to the first quarter of 2024:  - Sales decreased 8% to $10.1 billion, as global light vehicle production decreased 3%, which included 8% and 5% declines in Europe and North America, respectively  - Diluted earnings per share of $0.52 and Adjusted diluted earnings per share of $0.78, compared to $0.03 and $1.08, respectivelyFirst quarter performance was broadly ahead of our expectations driven by strong incremental margins on better than anticipated vehicle productionReturned $187 million to shareholders through dividends and share repurchasesUpdated 2025 Outlook excludes potential impacts of tariffs including on light vehicle production,  full year 2025 ra

      5/2/25 5:00:00 AM ET
      $MGA
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Magna International Inc. Announces Date for First Quarter 2025 Results Webcast

      AURORA, Ontario, April 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)  MAGNA INTERNATIONAL INC. ANNOUNCES DATE FORFIRST QUARTER 2025 RESULTS WEBCAST FRIDAY, MAY 2nd, 2025 @ 8:00 AM EDT LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/975055076   DIAL-IN DETAILSParticipant Toll-Free Dial-In: 1-800-715-9871Participant Toll Dial-In: 1-646-307-1963Conference ID: 9829976Slide presentation will be available on our website Investors | Magna prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call and will expire May 9th, 2025 @ 11:59 PM EDTToll-Free Dial-In: 1-800-770-2030Toll Dial-In: 1-609-800-9909Conference ID: 98299

      4/8/25 5:00:00 PM ET
      $MGA
      Auto Parts:O.E.M.
      Consumer Discretionary

    $MGA
    Leadership Updates

    Live Leadership Updates

    See more
    • Magna Announces 2025 Annual & Special Meeting Results

      AURORA, Ontario, May 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today announced voting results from its 2025 annual and special meeting of shareholders held on May 8, 2025. A total of 221,621,186 Common Shares or 78.66% of our issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of each item of business, as follows: a.        Election of Directors         NomineeVotes FORNomineeVotes FORMary S. Chan98.05%William A. Ruh88.30%Hon. V. Peter Harder98.56%Dr. Indira V. Samarasekera85.59%Jan R. Hauser99.48%Peter Sklar99.87%Seetarama S. Kotagiri (CEO)99.53%Matthew Tsien88.33%Jay K. Kunkel99.

      5/8/25 5:00:00 PM ET
      $MGA
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Magna Announces 2024 Annual Meeting Results

      AURORA, Ontario, May 09, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA) today announced voting results from its 2024 annual meeting of shareholders held on May 9, 2024. A total of 230,328,916 Common Shares or 80.18% of our issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of each item of business, as follows: a.  Election of Directors NomineeVotes FORNomineeVotes FORMary S. Chan95.27%Mary Lou Maher98.16%Hon. V. Peter Harder98.97%William A. Ruh96.46%Jan R. Hauser99.73%Dr. Indira V. Samarasekera89.07%Seetarama S. Kotagiri (CEO)99.54%Matthew Tsien96.22%Jay K. Kunkel99.83%Dr. Thomas Weber95.08%Rober

      5/9/24 6:00:00 PM ET
      $MGA
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Serve Robotics Inc. Common Stock to Be Quoted on OTCQB Under Ticker Symbol "SBOT"

      SAN FRANCISCO, March 7, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve"), a leading autonomous sidewalk delivery company, announces that it has qualified to trade on the OTCQB® Venture Market operated by the OTC Markets Group Inc. and the Company's common shares commenced trading today on the OTCQB under the ticker symbol "SBOT". "Serve's transition to a publicly traded entity marks an important moment in the robotics landscape, showcasing our role as one of the first to commercially deploy AI-powered robots in urban settings. With the backing of strategic p

      3/7/24 7:00:00 AM ET
      $MGA
      $NVDA
      $UBER
      Auto Parts:O.E.M.
      Consumer Discretionary
      Semiconductors
      Technology

    $MGA
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Magna downgraded by RBC Capital Mkts

      RBC Capital Mkts downgraded Magna from Outperform to Sector Perform

      4/11/25 8:16:39 AM ET
      $MGA
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Magna downgraded by BofA Securities with a new price target

      BofA Securities downgraded Magna from Buy to Neutral and set a new price target of $48.00 from $52.00 previously

      3/4/25 7:37:34 AM ET
      $MGA
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Magna upgraded by RBC Capital Mkts with a new price target

      RBC Capital Mkts upgraded Magna from Sector Perform to Outperform and set a new price target of $52.00 from $41.00 previously

      1/24/25 7:33:43 AM ET
      $MGA
      Auto Parts:O.E.M.
      Consumer Discretionary

    $MGA
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by Magna International Inc. (Amendment)

      SC 13G/A - MAGNA INTERNATIONAL INC (0000749098) (Subject)

      2/14/22 2:34:19 PM ET
      $MGA
      Auto Parts:O.E.M.
      Consumer Discretionary
    • SEC Form SC 13G filed by Magna International, Inc.

      SC 13G - MAGNA INTERNATIONAL INC (0000749098) (Filed by)

      6/22/21 4:02:41 PM ET
      $MGA
      Auto Parts:O.E.M.
      Consumer Discretionary
    • SEC Form SC 13G/A filed

      SC 13G/A - MAGNA INTERNATIONAL INC (0000749098) (Subject)

      2/16/21 12:23:42 PM ET
      $MGA
      Auto Parts:O.E.M.
      Consumer Discretionary

    $MGA
    SEC Filings

    See more
    • SEC Form 6-K filed by Magna International Inc.

      6-K - MAGNA INTERNATIONAL INC (0000749098) (Filer)

      5/8/25 5:10:02 PM ET
      $MGA
      Auto Parts:O.E.M.
      Consumer Discretionary
    • SEC Form 6-K filed by Magna International Inc.

      6-K - MAGNA INTERNATIONAL INC (0000749098) (Filer)

      5/2/25 4:16:01 PM ET
      $MGA
      Auto Parts:O.E.M.
      Consumer Discretionary
    • SEC Form 6-K filed by Magna International Inc.

      6-K - MAGNA INTERNATIONAL INC (0000749098) (Filer)

      5/2/25 6:02:31 AM ET
      $MGA
      Auto Parts:O.E.M.
      Consumer Discretionary

    $MGA
    Financials

    Live finance-specific insights

    See more
    • Magna Announces First Quarter 2025 Results

      Comparing the first quarter of 2025 to the first quarter of 2024:  - Sales decreased 8% to $10.1 billion, as global light vehicle production decreased 3%, which included 8% and 5% declines in Europe and North America, respectively  - Diluted earnings per share of $0.52 and Adjusted diluted earnings per share of $0.78, compared to $0.03 and $1.08, respectivelyFirst quarter performance was broadly ahead of our expectations driven by strong incremental margins on better than anticipated vehicle productionReturned $187 million to shareholders through dividends and share repurchasesUpdated 2025 Outlook excludes potential impacts of tariffs including on light vehicle production,  full year 2025 ra

      5/2/25 5:00:00 AM ET
      $MGA
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Magna International Inc. Announces Date for First Quarter 2025 Results Webcast

      AURORA, Ontario, April 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)  MAGNA INTERNATIONAL INC. ANNOUNCES DATE FORFIRST QUARTER 2025 RESULTS WEBCAST FRIDAY, MAY 2nd, 2025 @ 8:00 AM EDT LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/975055076   DIAL-IN DETAILSParticipant Toll-Free Dial-In: 1-800-715-9871Participant Toll Dial-In: 1-646-307-1963Conference ID: 9829976Slide presentation will be available on our website Investors | Magna prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call and will expire May 9th, 2025 @ 11:59 PM EDTToll-Free Dial-In: 1-800-770-2030Toll Dial-In: 1-609-800-9909Conference ID: 98299

      4/8/25 5:00:00 PM ET
      $MGA
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Magna International Inc. Announces Date for Q4 & Year End 2024 Results and 2025 Outlook Webcast

      AURORA, Ontario, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC. ANNOUNCES DATE FOR Q4 & YEAR END 2024 RESULTS and 2025 OUTLOOK WEBCAST  FRIDAY, FEBRUARY 14, 2025 @ 8:00 AM ET LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/672335329  DIAL-IN DETAILSParticipant Toll-Free Dial-In:1-800-715-9871Participant Toll Dial-In:1-646-307-1963Conference ID:9829976Slide presentation will be available on our website Investors | Magna prior to the call  REBROADCAST INFORMATIONReplay available 2 hours after the call until February 21, 2025Toll-Free Dial-In:1-800-770-2030Toll Dial-In:1-609-800-9909Conference ID:9829976 INVEST

      1/8/25 8:00:00 AM ET
      $MGA
      Auto Parts:O.E.M.
      Consumer Discretionary