SEOUL, April 20 (Korea Bizwire) — LG Electronics Inc. said Wednesday LG Magna e-Powertrain, its joint venture with Canadian auto parts maker Magna International Inc., is building a new plant in Mexico to supply electric car parts for General Motors. The 260,000-square-meter plant in the Mexican city of Ramos Arizpe will be LG Magna e-Powertrain’s [...]
SEOUL, July 28 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has completed its stock sales deal with Canadian auto parts maker Magna International Inc. over their electric vehicle (EV) powertrain joint venture. The South Korean tech giant announced that Magna has acquired a 49 percent stake in LG Magna e-Powertrain Co. for US$453 [...]
SEOUL, July 1 (Korea Bizwire) — LG Electronics Inc.’s electric vehicle (EV) powertrain joint venture with Canadian auto parts maker Magna International Inc. was launched Thursday as the tech giant eyes to expand its presence in the future mobility industry. LG Magna e-Powertrain Co. was established after LG spun off its EV parts business covering [...]
SEOUL, June 21 (Korea Bizwire) — LG Electronics Inc. and Canadian auto parts maker Magna International Inc. are in the final phase of launching their electric vehicle (EV) powertrain joint venture next month, industry insiders here said Monday, as they review board member appointment plans for the new company. The South Korean tech giant is [...]
SEOUL, March 24 (Korea Bizwire) — Shareholders of LG Electronics Inc. on Wednesday approved the company’s plan to split off some of its electric vehicle (EV) components business to set up a joint venture (JV) with Canadian auto parts maker Magna International Inc. The shareholders passed LG’s proposal to carve out the EV powertrain business [...]
SEOUL, Jan. 12 (Korea Bizwire) – LG Electronics Inc. is “well positioned” to become one of the industry’s leaders in the area of electric and connected vehicles with its agreement to set up a joint venture with Canadian auto parts maker Magna International Inc., the company’s chief executive said. Brian Kwon, the CEO of LG [...]
SEOUL, Dec. 23 (Korea Bizwire) — LG Electronics Inc. said Wednesday it will launch an electric car parts joint venture worth about US$1 billion next year with Canadian auto parts company Magna International Inc. as it seeks to boost its presence in the auto parts industry. The South Korean electronics giant said it will hold [...]
SEOUL, Mar. 30 (Korea Bizwire) ― LG Electronics (LG) kicks off the global rollout of its new mid-range smartphone lineup starting in South America to be followed closely by Europe, Asia, Middle East Africa and North America. This premium but affordable series comprised of Magna, Spirit, Leon and Joy was first unveiled at Mobile World [...]