Magna International

SP Releases Latest Sustainable Packaging Guidance for Automotive Manufacturing Operations

Retrieved on: 
Wednesday, March 13, 2024
Foam, Sustainability, SP, Recycling, Environment, Incineration, EFP, The Royal Group, Toyota Motor North America, Ford Motor Company, Magna International, Toyota, JSP, VCI, Adecco Group North America, Automotive industry, General Motors, MPS

WASHINGTON, March 13, 2024 /PRNewswire/ -- The Suppliers Partnership for the Environment (SP) – an association of global automakers and their suppliers working together to advance environmental sustainability through the automotive supply chain – today announced the publication of a newly updated third edition of its Sustainable Packaging Specification Recommendations for Automotive Manufacturing Operations guidance document.

Key Points: 
  • WASHINGTON, March 13, 2024 /PRNewswire/ -- The Suppliers Partnership for the Environment (SP) – an association of global automakers and their suppliers working together to advance environmental sustainability through the automotive supply chain – today announced the publication of a newly updated third edition of its Sustainable Packaging Specification Recommendations for Automotive Manufacturing Operations guidance document.
  • The latest version provides expanded guidance on the viable recyclability of a range of different automotive packaging materials, including the addition of new materials such as vapor corrosion inhibitors (VCI), wood dunnage, and plastic dunnage trays.
  • The new guidance is complemented by several existing SP resources, including Sustainable Packaging Specification Recommendations for Automotive Expendable Packaging and Automotive NA 48 x 45 Wood Stringer Pallet Specification Recommendations , as well as a forthcoming Feasibility Analysis for Consolidation of Automotive Supply Chain Packaging for Recycling expected to be published later this year.
  • The SP Sustainable Packaging Work Group recommends that the sustainable packaging strategies outlined in the guidance document be reviewed within automotive companies' packaging design and sourcing considerations, where appropriate, and distributed widely across the automotive supply chain as best practice guidance.

Uhnder raises $50 million in Series D funding to accelerate growth

Retrieved on: 
Wednesday, February 21, 2024
Qualcomm Ventures, Radar, Digital, Entrepreneurship, Information, Magna International, Partner (business rank), Software

AUSTIN, Texas, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Uhnder, the technology company on a mission to create the most advanced radar sensors for safe and automated mobility of both people and goods, announced today a $50 million Series D raise.

Key Points: 
  • AUSTIN, Texas, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Uhnder, the technology company on a mission to create the most advanced radar sensors for safe and automated mobility of both people and goods, announced today a $50 million Series D raise.
  • The round was led by ACME Capital with participation from Magna, Qualcomm Ventures, El Camino Capital, Monta Vista Capital, Sagitta Ventures, and HT Capital.
  • Uhnder has shipped over 200,000 of its next generation digital radar chips and has dozens of customer engagements in the automotive, industrial and defense sectors.
  • Dr. Manju Hegde, CEO of Uhnder, expressed gratitude for the strong support from investors and the market.

Revitalizing Urban Economies Globally: Empowering Urban Finance through UN-Habitat's SDG Cities Strategies

Retrieved on: 
Friday, February 23, 2024
Online, Kawempe Division, Strategic planning, Vancity, Culture, City, Consultant, Climate change, University, Private sector, Organization, School, Tourism, UEF, Sustainable Development Goals, Ecosystem, Pavilion, Motivation, Development, Learning, Partnership, United Nations, Creativity, UN, Nakawa Division, Summit, Research, United, Poverty, Capacity building, Dream, Quality of life, Magna International, Transport

UN-Habitat, a main founding partner of the World Urban Pavilion, presented how its flagship programme SDG Cities is supporting cities in Canada but also globally.

Key Points: 
  • UN-Habitat, a main founding partner of the World Urban Pavilion, presented how its flagship programme SDG Cities is supporting cities in Canada but also globally.
  • Dyfed Aubrey, Inter-regional Advisor and recently Head of SDG Cities at UN-Habitat, stated that "From engaging with local leaders to developing analytical frameworks, SDG Cities is committed to supporting sustainable urban development initiatives".
  • Also representing UN-Habitat, Douglas Ragan, a Programme Management Officer, explained how the SDG Cities program aims to reach 1000 cities by 2026.
  • Glocal Platform for Urban Finance: The Glocal Platform for Urban Finance (GPUF) represents a pioneering initiative aimed at revolutionizing the way cities access and utilize financial mechanisms for sustainable urban development.

Revitalizing Urban Economies Globally: Empowering Urban Finance through UN-Habitat's SDG Cities Strategies

Retrieved on: 
Friday, February 23, 2024
Online, Kawempe Division, Strategic planning, Vancity, Culture, City, Consultant, Climate change, University, Private sector, Organization, School, Tourism, UEF, Sustainable Development Goals, Ecosystem, Pavilion, Motivation, Development, Learning, Partnership, Multimedia, United Nations, Creativity, UN, Nakawa Division, Summit, Research, United, Poverty, Capacity building, Dream, Quality of life, Magna International, Transport

UN-Habitat, a main founding partner of the World Urban Pavilion, presented how its flagship programme SDG Cities is supporting cities in Canada but also globally.

Key Points: 
  • UN-Habitat, a main founding partner of the World Urban Pavilion, presented how its flagship programme SDG Cities is supporting cities in Canada but also globally.
  • Dyfed Aubrey, Inter-regional Advisor and recently Head of SDG Cities at UN-Habitat, stated that "From engaging with local leaders to developing analytical frameworks, SDG Cities is committed to supporting sustainable urban development initiatives".
  • Also representing UN-Habitat, Douglas Ragan, a Programme Management Officer, explained how the SDG Cities program aims to reach 1000 cities by 2026.
  • Glocal Platform for Urban Finance: The Glocal Platform for Urban Finance (GPUF) represents a pioneering initiative aimed at revolutionizing the way cities access and utilize financial mechanisms for sustainable urban development.

Fisker Adds Executives to Leadership Team as the Company Accelerates Growth in 2024

Retrieved on: 
Tuesday, January 16, 2024
Environment, Apps, Applications, Technology, EV, Electric Vehicles, Automotive, Automotive Manufacturing, Sustainability, Manufacturing, Green Technology, IOT (Internet of Things), Trust, CFO, Magna International, Mattel, Control, Growth, CPA, International finance, Internal audit, Certification, Fisker Inc., Inc., Management

Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, announced today that the company has added two executives to its leadership team.

Key Points: 
  • Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, announced today that the company has added two executives to its leadership team.
  • “I’m thrilled that Eric and Beverly have come to Fisker at this important time for the company,” Chairman and CEO Henrik Fisker said.
  • “I’m excited to join Fisker as the company transitions into a growth story in 2024,” Goldstein said.
  • Prior to that, she held leadership roles at Mattel, Inc., first as Director, Finance (International Finance), and then as Vice President, Internal Audit.

Automotive NA 48 x 45 Wood Stringer Pallet Specification Recommendations Published

Retrieved on: 
Tuesday, January 9, 2024
SP, Volunteering, Magna International, Environment, Original equipment manufacturer, Renewable energy

WASHINGTON, Jan. 9, 2024 /PRNewswire/ --The Suppliers Partnership for the Environment (SP) – an association of global automakers and their suppliers working together to advance environmental sustainability through the automotive supply chain – today announced the publication of a new guidance document, "Automotive NA 48 x 45 Wood Stringer Pallet Specification Recommendations".

Key Points: 
  • WASHINGTON, Jan. 9, 2024 /PRNewswire/ --The Suppliers Partnership for the Environment (SP) – an association of global automakers and their suppliers working together to advance environmental sustainability through the automotive supply chain – today announced the publication of a new guidance document, "Automotive NA 48 x 45 Wood Stringer Pallet Specification Recommendations".
  • The guidance document provides voluntary industry-developed recommendations intended to help automotive original equipment manufacturers (OEMs) and their suppliers within the North American region to source uniform 48 x 45 wood stringer pallets, where appropriate, to enable increased reuse and improve efficiency across the supply chain.
  • In North America, the 48 x 45 footprint wood pallet is primarily used as back-up packaging or in service (aftermarket) for transporting goods between tiered suppliers and customers within the automotive industry.
  • However, while many tiered suppliers have flexible 48 x 45 footprint wood pallet specifications, different OEMs within North America have unique specifications which has restricted synergy for pallet reuse and remanufacturing across OEMs and through the supply base.

BANF, Smart Tire Sensor Company, Wins 2024 CES Innovation Award

Retrieved on: 
Friday, January 5, 2024
Magna International, BANF, Multimedia, Electronics, Garmin, Valeo, Original equipment manufacturer, The Economist, CES, Communication, Consumer electronics

SEOUL, South Korea, Jan. 5, 2024 /PRNewswire/ -- In a remarkable achievement, BANF proudly unveiled its latest triumph at the esteemed 2024 Consumer Electronics Show (CES) by securing the prestigious Innovation Awards in the Vehicle Tech and Advanced Mobility category. This accomplishment stands as a significant milestone, accentuated by the exclusive recognition granted to only a handful of multinational companies in the fiercely competitive Vehicle Tech and Advanced Mobility sector.

Key Points: 
  • BANF's iSensor, an intelligent tire sensor, collaborates with three truck OEMs, three leading Tire Manufacturers, and five distinguished Fleet Operators.
  • BANF's Smart tire iSensor takes center stage, assuring cost-effective trucking and safer roads through its innovative real-time tire and road analysis.
  • At CES 2024, held annually in Las Vegas, BANF captured global attention by presenting its revolutionary next-generation smart tire technology.
  • Witness BANF's groundbreaking innovations at the CES 2024 Venetian Expo, Eureka Park Booth number 63301, as they continue to shape the future of smart mobility.

"The Global AI Data Industry is Shaking Up" - AIMMO Unveils New Data Lifecycle Products at 'CES 2024'

Retrieved on: 
Friday, January 5, 2024
Magna International, OEM, City, Data, Exhibition, Artificial intelligence, AI, CES, Pleasure, Information technology, Medical device

The global AI data platform, AIMMO (Seung-Taek Oh, CEO), will participate in the world's largest information technology exhibition, 'CES 2024,' held in Las Vegas, USA from the 9th to the 12th, unveiling innovative new products related to AI data.

Key Points: 
  • The global AI data platform, AIMMO (Seung-Taek Oh, CEO), will participate in the world's largest information technology exhibition, 'CES 2024,' held in Las Vegas, USA from the 9th to the 12th, unveiling innovative new products related to AI data.
  • Particularly on the 11th, AIMMO will host the 'AIMMO AI Tech Summit 2024' and officially announce new products that offer data lifecycle processes.
  • AIMMO will also introduce the acclaimed service in the autonomous driving industry, 'AD-DaaS (Autonomous Driving Data as a Service).'
  • We expect our new products unveiled at CES to emerge as core technologies that will shake up the global landscape in the field of AI data".

Europe Metal Stamping Market Insights Report 2023-2028 Featuring Prominent Vendors - Magna International, Gestamp, Diehl Metall, CIE Automotive, and ANDRITZ Kaiser - ResearchAndMarkets.com

Retrieved on: 
Wednesday, December 13, 2023
Chemicals, Plastics, Automotive Manufacturing, Electronic Design Automation, Construction & Property, Aerospace, Manufacturing, Consumer Electronics, Technology, Robotics, Medical Devices, Artificial Intelligence, Telecommunications, Steel, Health, Other Construction & Property, Engineering, Carbon, Safety, European Metal Recycling, Plant, Electronics, Magna International, Gestamp, Automation, Metal, HCL, Diehl Metall, European

The "Europe Metal Stamping Market - Focused Insights 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Europe Metal Stamping Market - Focused Insights 2023-2028" report has been added to ResearchAndMarkets.com's offering.
  • The Europe Metal Stamping Market exhibited substantial growth, with a market value of $ 31.76 billion in 2022
    This sector involves manufacturing metal components through processes such as Blanking, Embossing, bending, etc.
  • Prominent players in the industry frequently focus on innovation and technological improvements to capitalize on the thriving European metal stamping market.
  • Advanced stamping techniques, such as hot stamping, cold stamping, and high-strength steel stamping, are gaining prominence in the European market.

American Industrial Partners Capital Fund VII to Acquire Veoneer's Restraint Control Systems Business

Retrieved on: 
Wednesday, December 6, 2023
Acquisition, LLP, Investment, Magna International, Morgan Stanley, SSW, Ropes & Gray, Active safety, AIP, QCOM, Growth, Qualcomm, Veoneer

The transaction with American Industrial Partners Capital Fund VII ("AIP Fund VII") completes Veoneer's and SSW's strategy of finding the right long-term homes for Veoneer's three original lines of business: Arriver™ Software, now owned by Qualcomm; Active Safety, now owned by Magna International; and Restraint Control Systems, to be acquired by AIP Fund VII.

Key Points: 
  • The transaction with American Industrial Partners Capital Fund VII ("AIP Fund VII") completes Veoneer's and SSW's strategy of finding the right long-term homes for Veoneer's three original lines of business: Arriver™ Software, now owned by Qualcomm; Active Safety, now owned by Magna International; and Restraint Control Systems, to be acquired by AIP Fund VII.
  • AIP invests in industrial businesses with a long track record of partnering with and growing businesses across industrial end markets, including several investments in the automotive sector.
  • The combination of AIP's process for investing behind operational capabilities and Veoneer's industry-leading position, products, and competence in Restraint Control Systems creates a strong platform for long-term, sustainable growth for Veoneer, its customers, products and people.
  • In April 2022, SSW acquired Veoneer in an all-cash transaction representing a total equity value of $4.6 billion.