Tuesday, December 20, 2022

Auto parts maker Magna agrees to acquire a driver-assistance unit from SSW Partners for about $1.5B in cash and expects combined sales to reach $3B in 2024 (Elisabeth Behrmann/Bloomberg)

Elisabeth Behrmann / Bloomberg:
Auto parts maker Magna agrees to acquire a driver-assistance unit from SSW Partners for about $1.5B in cash and expects combined sales to reach $3B in 2024  —  Magna International Inc. has agreed to buy a driver-assistance unit from SSW Partners for about $1.5 billion following a drawn-out battle to control previous parent Veoneer Inc.



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GM agrees to pay $12.75M to resolve a California investigation into claims that it illegally sold the location and driving data of OnStar subscribers to brokers (David Shepardson/Reuters)

David Shepardson / Reuters : GM agrees to pay $12.75M to resolve a California investigation into claims that it illegally sold the locati...