Day: July 30, 2021

Magna M&A, Ford Ion Park site, record VW H1 – the week

Magna M&A, Ford Ion Park web page, record VW H1 – the week
Electrified vehicles figured strongly in VW’s H1 success

Canada’s Magna will fortify its ADAS item line by getting Sweden’s Veoneer, spun off from Autoliv in 2018. Magna can supply a considerable proportion of a vehicle’s parts and also operates a agreement assembly unit. Magna explained Veoneer’s complementary products and solutions and capacity would “strengthen and broaden” its ADAS item line and business situation. The deal would add “significant engineering and software knowledge, including in sensor notion and drive coverage software.” Under a definitive merger agreement, Magna would purchase all Veoneer shares for US$31.25 hard cash just about every, or $3.8bn. The merger would grow Magna’s ADAS company with major buyers and open entry to new buyers and locations, primarily Asia. Magna would function Veoneer’s Arriver sensor notion and drive coverage software system as an impartial company unit, as Veoneer does at the moment. Magna is also getting Veoneer’s “leading worldwide

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