Advancing ADAS: Magna purchasing auto safety technology company for US$3.8-billion in pursuit to lead in smart cars

Aurora, Ontario — Magna International Inc. is purchasing automotive safety technology company Veoneer to reach its goal of becoming a leader in smart car technology, the company announced Thursday.  Magna will reportedly acquire the Swedish company for US$3.8-billion.  “The acquisition builds on Magna’s strengths and positions the company’s advanced driver assistance systems (ADAS) business as […]