Waymo to open Michigan plant for building self-driving cars [Toronto Globe and Mail (Ontario, Canada)]
Magna International, Inc. (MGA)
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Source: Toronto Globe and Mail
Waymo to open Michigan plant for building self-driving cars Alphabet Inc.’s Waymo self-driving vehicle unit said on Tuesday it plans to build a plant in Michigan to transform vehicles into autonomous cars for Waymo’s ride services business. Waymo has proposed private investments of US$13.6-million to build a facility in southeast Michigan and create more than 1 jobs, potentially up to 4 jobs, the Michigan Economic Development Corp. said separately on Tuesday. The state agency said it will contribute an US$8-million grant to fund the project, it added. That would equate to US$2, in state aid for each job if the project hits the 4-employee target. Story continues below advertisement Waymo said the new facility would be dedicated to mass production of L4 or level 4 autonomous vehicles, which can pilot themselves without a human driver under certain conditions. Waymo said in a blog post it will work with auto supplier Magna International Inc. to install its self-driving system in vehicles
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News
- Magna International Inc. (NYSE: MGA) had its price target lowered by analysts at TD Securities from $69.00 to $63.00. They now have a "buy" rating on the stock.MarketBeat
- Magna International Inc. (NYSE: MGA) had its price target raised by analysts at JPMorgan Chase & Co. from $69.00 to $71.00. They now have an "overweight" rating on the stock.MarketBeat
- [Latest] Global Automotive Aftermarket Market Size/Share Worth USD 619.6 Billion by 2033 at a 4.1% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value) [Yahoo! Finance]Latest
- Magna International Inc. (NYSE: MGA) had its price target lowered by analysts at CIBC from $61.00 to $59.00. They now have a "neutral" rating on the stock.MarketBeat
- Uber, Nvidia-backed Serve Robotics hits public markets with $40M splash [TechCrunch]TechCrunch
MGA
Earnings
- 2/9/24 - Miss
MGA
Sec Filings
- 4/2/24 - Form 6-K
- 3/29/24 - Form 6-K
- 3/28/24 - Form 40-F
- MGA's page on the SEC website