Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Instagram Outage Disrupts Thousands of U.S. Users 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
LG Electronics and Magna International Inc., a global mobility technology company that is also recognized as one of the largest suppliers in the automotive industry, have signed an agreement to work together on the development of automated driving-infotainment technologies.
LG Electronics and Magna announced their cooperation on Wednesday, Jan. 4. The companies said that their tie-up is aimed at offering differentiated customer experiences in addition to facilitating readiness for the future of mobility.
The companies will seek teamwork and develop autonomous driving solutions using LG Electronic’s cutting-edge in-car infotainment technical knowledge and Magna’s driver assistance systems and self-driving car solutions.
As per The Korea Herald, their plan is to create a prototype for future solutions and jointly conduct a feasibility test. The companies will participate in the Consumer Electronics Show (CES) that is set to take place from Jan. 6 to Jan. 8 in Las Vegas.
LG and Magna are joining to look for new business opportunities with international automobile manufacturers. At the trade show, they will introduce the concept of automated driving-infotainment to vehicle companies and grab the chance to provide the technology to interested parties.
Under the agreement, the firms will go over the technical feasibility of integrating LG Electronic’s infotainment facilities with Magna’s Advanced Driver Assistance System (ADAS) and automated systems for driving. The goal is to come up with working in-vehicle infotainment (IVI)-ADAS solutions that will conform with carmakers’ programs.
“We are excited to work with Magna, now in the automated driving sector, to develop a proof of concept that could bring value expanding beyond our cockpit domain,” LG Vehicle component Solutions (VS) president, Eun Seok Hyun, said in a press release. “We plan to work closely together to demonstrate potential ADAS innovations that could help automakers address some of their toughest challenges.”
Meanwhile, this latest partnership between LG Electronics and Magna follows their first successful joint venture last year, which formed the LG Magna e-Powertrain Co. Ltd., which produces e-motor, inverters, and on-board chargers.
