SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow

Canadian car parts maker Magna to hire 300 in Romania's Timisoara by 2025

Nov 29, 2022, 11:19:06 AMArticle by Nicoleta Banila
share
November 29 (SeeNews) - Canadian automotive parts manufacturer Magna said it plans to hire 300 by 2025 at its recently opened engineering hub in Timisoara, western Romania.

Canadian car parts maker Magna to hire 300 in Romania's Timisoara by 2025
Magna engineering plant in Timisoara Source: Magna

The team will work on future system, algorithm and software development, delivering next generation advanced driver-assistance system (ADAS) solutions such as automated highway driving, park assist and surround view to the global automotive market, Magna said in a press release last week.

The engineering hub began operations earlier this month, the company added.

"Expanding our capacity in Timisoara, an area that is known for its strong electronics engineering network, will help us accelerate Magna’s overall ADAS capabilities and time to market," Magna Electronics senior vice president Sharath Reddy said.

Magna provides ADAS solutions to automakers around the world, using a suite of radar, lidar, camera, ultrasonics and domain controllers that serve as the building blocks for future autonomy, according to its website. The engineering hours in Romania support the company’s 14 other electronics facilities worldwide.

Magna also operates a manufacturing plant in Craiova, southern Romania. According to its website, the company employs 550 in the country.

Headquartered in Aurora, Canada, Magna operates 345 manufacturing facilities and 90 product development, engineering and sales centres in 28 countries, employing over 170,000 globally.

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.