Magna International Inc. Stock News

Highlights (1) Delivered strong second-quarter 2026 results, reflecting profitable sales growth, continued productivity improvements and disciplined execution. Sales increased 3% to $11.0 billion, outperforming a 2% decline in global light vehicle production Income from operations before income taxes increased 21% to $599 million Adjusted EBIT increased 16% to $677 million, with Adjusted EBIT m...

New 250kW 800V 2-speed eDrive program award highlights Magna's advanced electrification capabilities Program to be produced at Magna's new Wuhu facility, supporting localized execution in China Momentum continues with dedicated hybrid drive system now in series production with Chery on the Jetour G700 AURORA, Ontario, July 28, 2026 (GLOBE NEWSWIRE) -- Magna today announced it has secured an 800...

NEW YORK--(BUSINESS WIRE)--Cover Whale Insurance Solutions LLC, a technology-enabled commercial transportation Managing General Agent (MGA), today announced the launch of Breakwater Markets, a digital wholesale brokerage focused on transportation risks, alongside the appointment of Roman Atkielski as Executive Vice President, Brokerage. The move expands Cover Whale's core programs, giving retai...

OLDWICK, N.J.--(BUSINESS WIRE)--In its June issue, Best's Review examines the growing role of managing general agents (MGA) in providing coverage for catastrophes. MGAs' presence is playing a factor in the stabilization of the commercial property space, according to David Blades, associate director, AM Best. Because they act more independently and have less overhead than traditional insurance c...

New program positions Magna's DMS/OMS as a foundational, platform-level solution for OEM Mirror-integrated hardware and software support scalable, software-defined vehicle architectures Award reinforces Magna's leadership in driver awareness and interior sensing integration AURORA, Ontario, May 19, 2026 (GLOBE NEWSWIRE) -- Magna has been awarded a Driver and Occupant Monitoring System (DMS/OMS)...

Magna, a supplier for global carmakers, uses AI to track product quality, equipment, and energy use. It produces components for carmakers worldwide, including BYD, Toyota, Ford, and Hyundai.

AURORA, Ontario, May 04, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2026 annual meeting of shareholders held on May 4, 2026. A total of 218,968,145 Common Shares or 79.21% 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 ...