Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Business

Shivani Kumaresan

Magna Opens New Facility In Slovakia

Slovakia MGA Magna International Inc NYSE

Magna International Inc (NYSE:MGA) (TSX:MG) has opened a new plant in Kechnec, Slovakia, to expand its ADAS (Advanced Driver Assistance System) and electrification footprint.
The brownfield facility will support two European automakers and a new global entrant.
The facility is anticipated to begin operation in the fourth quarter of 2022 and will have an area of 22,000 square meters.
The facility will produce advanced cameras and electronics for inverters. It expects to hire up to 600 employees through 2027.
The plant is the company’s fifth manufacturing facility in Slovakia.
Price Action: MGA shares are trading lower by 1.25% at $64.01 on the last check Thursday.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Man apprehended after woman fatally set on fire in New York subway car

Man apprehended after woman fatally set on fire in New York subway car

Footage showed an assailant igniting woman’s clothing, with emergency personnel declaring her dead at scene

The Guardian - US

Lib Dems open to the prospect of calling a Waspi vote, deputy leader signals

Lib Dems open to the prospect of calling a Waspi vote, deputy leader signals

Daisy Cooper also said the party was facing forward to a fight with the Tories in May’s local elections.

The Independent UK

PTSD symptoms rise four-fold in jurors exposed to distressing evidence – study

PTSD symptoms rise four-fold in jurors exposed to distressing evidence – study

The research included a fictitious trial based on a real life case, during which 181 mock jurors were exposed to various materials.

The Independent UK

Small Plane Crash In Gramado Kills 10, Injures Dozens

Small Plane Crash In Gramado Kills 10, Injures Dozens

Tragic small plane crash in Gramado, Brazil, kills 10 and injures many, shaking the popular tourist destination. Ongoing investigation and national condole...

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

ICE Already Receiving Proposals To Expand Detention Capabilities in Six States

ICE Already Receiving Proposals To Expand Detention Capabilities in Six States

Private companies, including CoreCivic and GEO Group, submitted proposals that could collectively add between 6,650 and 12,000 detention beds nationwide

Joe Manchin warns Democratic party is ‘toxic’ as he steps down from US Senate

Joe Manchin warns Democratic party is ‘toxic’ as he steps down from US Senate

Lifelong Democrat who became independent gives series of warnings to former party and predicts US ‘is not going left’

The Guardian - US

Related Stories

Top stories on inkl right now

Man apprehended after woman fatally set on fire in New York subway car

Man apprehended after woman fatally set on fire in New York subway car

Footage showed an assailant igniting woman’s clothing, with emergency personnel declaring her dead at scene

The Guardian - US

Lib Dems open to the prospect of calling a Waspi vote, deputy leader signals

Lib Dems open to the prospect of calling a Waspi vote, deputy leader signals

Daisy Cooper also said the party was facing forward to a fight with the Tories in May’s local elections.

The Independent UK

PTSD symptoms rise four-fold in jurors exposed to distressing evidence – study

PTSD symptoms rise four-fold in jurors exposed to distressing evidence – study

The research included a fictitious trial based on a real life case, during which 181 mock jurors were exposed to various materials.

The Independent UK

Small Plane Crash In Gramado Kills 10, Injures Dozens

Small Plane Crash In Gramado Kills 10, Injures Dozens

Tragic small plane crash in Gramado, Brazil, kills 10 and injures many, shaking the popular tourist destination. Ongoing investigation and national condole...

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

ICE Already Receiving Proposals To Expand Detention Capabilities in Six States

ICE Already Receiving Proposals To Expand Detention Capabilities in Six States

Private companies, including CoreCivic and GEO Group, submitted proposals that could collectively add between 6,650 and 12,000 detention beds nationwide

Joe Manchin warns Democratic party is ‘toxic’ as he steps down from US Senate

Joe Manchin warns Democratic party is ‘toxic’ as he steps down from US Senate

Lifelong Democrat who became independent gives series of warnings to former party and predicts US ‘is not going left’

The Guardian - US

Our Picks

Messiness & the allure of Fleetwood Mac

A new book about Fleetwood Mac covers the dramatic soap opera — and the songs that made the band legends

Martha Stewart's top-drawer storage method 'enables you to get dressed faster' – her decade-old lessons are just as impactful in modern bedrooms

Archival footage shows Stewart's cabinet storage solutions have no expiry date – we're sure her lessons will continue to work years from now

Homes & Gardens

You can bet on anything. Should you?

Here are the risks involved when playing in America's growing casino

SNL’s star-studded cold open called the ‘best in the history of the show’

The sketch featured celebrities who have all hosted the show five times

The Independent UK

“Crowds would get agitated as soon as they heard Slash’s intro riff”: Duff McKagan on the making of a Guns N’ Roses classic

How a song about the “hardscrabble lives” of the fledgling rockers became a timeless rock anthem

'Stranger Things' cast pens emotional notes after final season production wraps

Netflix recently announced that the production of Stranger Things season five has officially wrapped. Read further on Dynamite News:

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play