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Magna swings to Q2 net loss of US$156.0M from net income of US$424.0 a year ago, with sales growing 4% year-over-year to US$9.4B; sales growth driven by 14% increase in North American light vehicle production, 2% growth in global production

Magna introduces integrated, programmable Breakthrough Lighting technology for lightweight, recyclable thermoplastic liftgates that remains hidden until lit; molded-in lighting applicable on polycarbonate, thermoplastic polyolefins

Magna invests nearly US$6M in Lancaster, Ohio, SUV bucket seat frame plant to add floor above production space; plant opened in 2019 and employs 400 people, with expansion adding 224 jobs

Magna partners with BlackBerry Ltd. in multiyear agreement to collaborate on development of integrated advanced driver assistance systems; BlackBerry to provide QNX OS for safety, QNX Platform for ADAS, engineering services

Magna’s Surround View System available on 2022 Toyota Tundra pickup; system includes trailer assist, off-road functions, five cameras, electronic control unit to offer high-resolution view around vehicle to assist with vehicle maneuvering

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