Gabrielle Coppola and Brett Haensel

Business, Technology, Autonomous

Magna Acquires Driver-Assist Supplier Veoneer

Magna International Inc. signage Magna International Inc. signage outside the company's Polycon Industries auto parts manufacturing facility in Guelph, Ontario. (Cole Burston/Bloomberg News)

Magna International Inc. will acquire Veoneer Inc. for $3.8 billion in cash, bolstering its business supplying advanced driver-assistance systems to automakers.

July 23, 2021