Tag: Magna

By on March 17, 2022

Last time on our Diamante coverage, we learned about the near-luxury sedan’s somewhat delayed introduction to America. In the two-year translation from a Japanese market car to an American one, Diamante lost the majority of its interesting and advanced tech features and adopted a cheaper suspension design. Today we’ll find out what happened when Mitsubishi pitched the new and de-contented Diamante against the Lexus ES 300.

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By on March 16, 2022

Today is the third installment in our coverage of the Mitsubishi Diamante, the Diamond Star brand’s only luxury offering ever sold in the North American market. Part I introduced us to the Diamante via the Sigma. That fancy hardtop Galant gave way to the Diamante in 1992, based on an extended length Galant platform. The second-generation hardtop sedan and its wagon counterpart were finished for 1995 on dealer lots, though fleet buyers (which fleets though?) had a Diamante available to them in 1996. In 1997, Mitsubishi was back with an all-new Diamante and aimed even higher than it had before.

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By on March 10, 2022

In Part I of our Rare Rides Diamante coverage, we talked almost exclusively about our subject’s predecessor, the Sigma. Alternatively called Galant Σ, it was a hardtop luxury version of the standard Galant offered in the US market. It was dated when it arrived, too small, and not differentiated enough from the Galant to warrant its high price. U.S. customers mostly ignored it, and Canadians never knew it existed since they didn’t receive any Mitsubishis until 2002. Headed into the Nineties, Mitsubishi had no upscale sedan offering at all in North America, as the Galant was the firm’s largest car. That changed in 1992 with the arrival of the all-new Diamante.

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By on March 1, 2022

Rare Rides Icons has featured much Japanese sedan content lately, including the mid-Eighties sedan mainstays and most recently a series on the luxurious and conservative Toyota Cressida. However, there’s a mainstream Japanese brand (or two) yet to be included in our sedan considerations. One of them is Mitsubishi, and today we’ll discuss the only true upmarket product the company ever offered in North America. It’s Diamante time.

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By on July 10, 2018

Image: Joe Ross/Flickr

Thank God we don’t have to look at that Google self-driving car anymore. You know the one — shaped like an unhappy egg wearing a little hat? That one. The one that inspired visions of a future where life is so sterile and miserable that it wouldn’t be hard to imagine masses of people throwing themselves on the road in front of these pod-like commuting appliances.

Still, even as self-driving technology advances, we’re treated to concept vehicles that don’t exactly stir the soul. Some recent designs deserve kudos, but many still resemble motor pool rejects from A Clockwork Orange, terrifying gearheads and libertarians alike.

It doesn’t have to be that way, claims one automotive supplier. You can have your sexy car and still tell it to drive you around. (Read More…)

By on April 21, 2018

Image: Magna

By the end of the year, you’ll know whether your next front-drive, non-supercar Ford might contain a carbon fiber cradle for its engine. As promised, supplier Magna has delivered a carbon fiber composite subframe prototype to Dearborn, destined for a rigorous life in a Fusion testbed.

There’ll be calculators working overtime as Ford engineers and bean counters figure out whether the lightweight, parts-saving component has a place in the brand’s stable. (Read More…)

By on March 18, 2017

Ford badge emblem logo

If you’re worried that your corroded subframe will one day eject your car’s engine or suspension components like a spent hull from an Ithaca pump, the future holds promise. (Though you should still get that undercarriage checked out.)

Ford Motor Company, working with mega supplier Magna International, has developed a prototype vehicle subframe made of carbon fiber-reinforced composites. The goal is to one day offer a subframe that’s impervious to rust, while reducing weight and complexity. (Read More…)

By on January 7, 2016

 

Regulators may rain on Elio’s parade even before they got started.

That, Volvo takes a serious stab at full-size luxury conventional wisdom, the big get bigger and Ford’s hybrids only go so far … after the break!

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By on December 18, 2015

 

Who would have known that one of the largest parts supply recalls in U.S. history could poison the well for the rest of your business?

That, and Jeep needs you to keep it dry for a minute, Porsche pulls another player from Volkswagen’s bench and how big does Magna International’s yacht need to be anyway, after the jump.

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By on August 31, 2015

 

On Monday, Magna International completed its sale of its interior business to Grupo Antolin, a Spanish firm that’s relatively unknown outside of Spain.

That’s on top of Johnson Control International getting out of the interior business, along with other automakers and suppliers, as John McElroy pointed out in a well-written column for Autoblog.

Magna’s sale underscores the fact that the car-making business — and especially their interiors — isn’t exactly lucrative for most suppliers.

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By on July 17, 2015

 

Supplier and sometimes-assembler Magna International will buy German transmission-maker Getrag for roughly $1.9 billion, the Detroit News is reporting.

The deal would firmly plant Canadian-based Magna International as the world’s second-largest parts supplier behind Robert Bosch GmbH and ahead of ZF, which recently purchased TRW Automotive for $12.4 billion earlier this year.

“The trend among the suppliers is that we now have to be bigger as the auto makers go to us to do more for them,” Magna Chief Executive Don Walker told the Wall Street Journal on Thursday.

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By on October 2, 2012

Are you a short seller who is on the hunt for companies that are worse off than European carmakers?  Look for parts makers that are also in the contract manufacturing business. OEMs may lose sales, but contract manufacturers lose whole contracts when manufacture is brought in-house by OEMs. Magna is likely to lose the contract with BMW to build the next generation of Mini cars, says Reuters. (Read More…)

By on September 17, 2012

For months, Frank Stronach’s Magna was about to take over GM’s Opel, until GM suddenly canceled the deal, a decision GM probably regrets several times a day. Used to reach for the stars, Frank Stronach reaches higher. Instead of ruling Opel, he now wants to rule a country. (Read More…)

By on December 26, 2009

Putin and Gref. Picture courtesy premier.gov.ru

These days, no Christmas cheer is complete without a little Opel jeer. Russia’s Sberbank has demanded compensation from GM for reneging on the Opel deal, Sberbank CEO German Gref said in an interview on Russia’s Vesti television channel. Groveled a grouchy Gref:
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By on December 19, 2009

Eat my dust. Picture courtesy carsspyphotos.com

Last year, Porsche gave Magna an eight-year contract to build the Cayman and Boxster models from 2012 on. Then Porsche went to Volkswagen. Then Opel came. VW was miffed and said “us or Opel.” When Magna’s Opel deal went poof, VW said Magna can come home, all is forgiven. Apparently not quite. Volkswagen (or Porsche, hard to say these days…)  want to use the factories of bankrupt Karmann which Volkswagen had bought and cancelled the contract. Magna cried foul and wanted money.

Now, the matter is official, writes Automobilwoche [sub].
(Read More…)

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