Tighter Living: Average auto insurance premium in Ontario grows by 12 percent in 2023
Toronto, Ontario — Insurance research firm, Rates.ca has released its list of cities that pay the highest auto insurance premiums in Ontario, with the average estimated premium growing by 12 percent in 2023, compared to 2021. This is the largest increase recorded by the Insuramap survey, with the average estimated premium sitting at $1,744, compared to […]
Lite-Brite Repair: Magna unveils ‘Breakthrough Lighting’ prototype, customizable lighting for thermoplastic surfaces
Aurora, Ontario – Do you remember any childhood skills you used to fix your Lite-Brite? Those skills might come in handy someday soon. Magna International unveiled its Breakthrough Lighting prototype on Tuesday, demonstrating the technology’s ability to “allow consumers to interact with their vehicles” through “communicative” lighting features. Magna is initially showing the Breakthrough Lighting […]
Help with your Haul: Magna ADAS launches on 2022 Toyota Tundra, including advanced trailer assist
Aurora, Ontario — A piece of Canadian-made ADAS technology has gotten an official vote of confidence from a major global automaker, as Magna International announced Wednesday that its proprietary system will be launched on the new 2022 Toyota Tundra pickup truck. Magna’s ADAS makes use of five cameras and an advanced electronic control unit to […]
Suburban Sting: Ontario auto theft investigation recovers 50 stolen vehicles, $80K in cash
Aurora, Ontario — A recent auto theft investigation conducted by the York Regional Police in Ontario led to multiple charges laid against individuals suspected of being involved in the theft of 50 stolen vehicles, valuing about $3 million. Police charged eight individuals following the execution of search warrants at two residential addresses and a commercial […]
Two Dates to the Dance: Veoneer takes acquisition deal with Magna despite Qualcomm outbid
Stockholm, Sweden — Veoneer has decided to stick with Magna International’s acquisition bid after being courted with a higher offer from Qualcomm, though Veoneer says it will continue in negotiations with Qualcomm. Last month, Aurora, Ont.-based Magna International put forth a $31.25 per share bid on Veoneer which was outbid by Qualcomm on Monday, who […]
Magna Meets: Magna International to host Q1 results conference call in early May
Aurora, Ontario — One of Canada’s most watched auto parts manufacturers is gearing up for the release of 2021’s Q1 financial results, followed by a conference call, on May 6. Executives from Magna International will be up bright and early on May 6 at 7 a.m. EST to deliver the company’s financial results for the […]
Amazon invests in autonomous technology startup
By CRM Staff Toronto, Ontario — February 11, 2019 — Amazon has expanded its autonomous footprint. The technology company announced Friday that it has invested in Aurora, a Silicon Valley startup that develops technology to power completely autonomous vehicles. “Autonomous technology has the potential to help make the jobs of our employees and partners safer and more productive, whether […]
Luma III premieres world’s first LED attachment for spray guns
By Jeff Sanford Detroit, Michigan — August 2, 2015 — Many new and exciting products were on display at this year’s NACE show. One standout is the world’s first LED-equipped attachment for spray guns, the Aurora. Recent advances in LED technology are finally coming to the paint booth. Equipment distributor Luma III is making the […]
