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Magna International Inc. reported third-quarter profit of $383 million, or $1.44 per share. Adjusted for non-recurring and amortisation costs, earnings were $1.83 per share. The Aurora, Ontario-based automotive supplier beat Wall Street expectations. Four analysts surveyed by Zacks Investment Research had expected $1.58 per share. Revenue for the period was $10.06 billion. Magna expects full-year earnings of $6.85 to $7.15 per share, with revenue of $41.2 billion to $42 billion.

GAC Introduces GAC S7 Plug-in Hybrid SUV in Switzerland. Oct 20, 2026, 05:42 ET EMMEN, Switzerland, Oct. 20, 2026 /PRNewswire/ - GAC has introduced the GAC S7 plug-in hybrid SUV in Switzerland at an event at Viscose Eventhalle in Emmen on October 1. Working with Swiss distributor Sarfraah GmbH, the company presented the model alongside the AION UT, AION V and EMKOO. The GAC S7 was the main vehicle unveiled at the event. Its plug-in hybrid powertrain combines electric driving capability with an internal combustion engine. The four-wheel-drive GAC S7 is priced at CHF 43,900, including VAT. The introduction adds a plug-in hybrid SUV to the vehicles presented to Swiss customers, alongside GAC's battery-electric AION models. The GAC S7 features an 8.88-inch digital instrument display and a 15.6-inch central screen, together with a 12-speaker audio system and 50W wireless phone charging. A panoramic sunroof and surround-view camera complement the cabin equipment. Customers can contact GAC Switzerland for details of individual versions, equipment and local availability. Customers interested in experiencing GAC vehicles can request a test-drive appointment through the GAC Switzerland website or by contacting its social media channels. The website also provides a local point of contact for model inquiries, allowing prospective customers to speak with the Swiss team before arranging a visit. The event combined a presentation of GAC's Swiss market strategy and product portfolio with vehicle viewing and afternoon test drives for invited guests, including media representatives. The AION UT, AION V and EMKOO formed part of the display, alongside the GAC S7 unveiling. The Swiss introduction forms part of GAC's wider European development. The company's regional operations include a design center in Milan, a European office in Amsterdam and a spare parts distribution center in Rotterdam. GAC also works with Magna on vehicle assembly in Austria, with the AION V and AION UT assembled locally. These operations complement cooperation with local distribution partners as GAC develops its presence in European markets. GAC's European office oversees market development and supports sales and service operations in the region. Together with local partners, this regional structure provides a basis for adapting the company's activities to individual markets and responding to customer needs.

Leftover cider apples could end up in its car seats. October 17, 2026 Imagine stepping aboard your next electric car and discovering that its seats come from a cider press. Today, automakers are increasingly testing recycled materials for the cabin, especially in battery-powered models. The objective is simple to grasp: make the interior more sustainable by trimming animal leather and plastics derived from oil. Organic waste is becoming just another feedstock. And now apple leftovers are seriously catching the attention of equipment suppliers. Because behind the plush leather that still outfits many sedans lies a heavy material reality. An entire Rolls-Royce interior would require the hides of 8 to 18 bulls, a figure that makes you pause and think. To soften that image, premium manufacturers are already ramping up synthetic leathers. In response, players like Magna are already working on a apple leather for car seats. This path could very well end up under your behind sooner than you think. Why the automotive industry is looking at apple leather for its seats. In technical specs, the emphasis is on engines and batteries. In marketing, another battle is being waged: making the cabin more virtuous without sacrificing the premium image. Electric brands already promote fabrics sourced from fishing nets or plastics recovered from the sea. Leather remains a symbol. The industry is seeking a credible alternative to keep this look without bearing the full environmental cost. Meanwhile, interiors are being clothed in synthetic leathers that promise a lighter footprint. To the eye, the result looks like a fine grain leather, with its wrinkles and sheen. In reality, the outer layer that imitates grain is a plastic film with a skin pattern simply printed on it. For manufacturers, the ideal would therefore be a leather-like material that is largely bio-based. It must stay compatible with the demands of a modern automotive seat. How apple waste becomes a coating for car seats. That's where the tons of by-products from juice and cider production come into play. When an apple goes to the press, only part ends up in the bottle. Specialists estimate that between 25 and 30% of the fruit remains in the form of pulp, often treated as waste. Globally, these volumes represent about 4 million tonnes of apple waste per year. It's a treasure trove that sparks ideas. The star material of the moment is called Leap, developed in Denmark from these apple leftovers. It exceeds 85% biobased content, with certain formulations going even higher depending on the maker. Technically, it's organized into three layers that work in concert: * A water-based polyurethane topcoat, partially biobased, which provides color, texture and durability. * Below, a mix of dried apple pulp, about 1.8 kg per square meter. It's combined with natural rubber and other plant-based ingredients. * Finally, a textile backing made from TENCEL Lyocell fibers or 100% recycled polyester. It provides the mechanical strength and the elasticity required. In the end, you get a roll 1.4 meters wide, produced today in Germany. The current capacity is around 100,000 linear meters per year. The upholstery-grade Leap withstands more than 100,000 Martindale cycles. That level approaches the demands of a car seat or heavily used furniture. In use, Leap is marketed at the price of premium leather. It would claim up to 99% less water per square meter. The data also point to nearly 85% less CO2 compared with traditional leather. There remains some polyurethane and sometimes polyester. Car Revs Daily is not talking about an entirely plant-based material, but the overall footprint already scales differently. Magna, Leap et AppleSkin: qui prépare nos futurs sièges en cuir de pomme? On the supplier side, Magna has unveiled a new surface coating for seats drawn from the apple juice industry. The idea is to use biologically derived and recycled materials, drawing on by-products from apple processing. The company says this material offers wear and weather resistance compatible with a seat. Colors, texture, and perforations remain customizable to fit each OEM's design language. The result aims to look and feel like traditional leather. Compared with animal hide, Magna claims better yield at cutting, though no figures have been published. This project adds to a catalog already rich in recycled PET plastics and polyurethane foams containing up to 20% renewable content. Magna also offers monomaterial covers, easier to separate at end of life. However, the supplier has not yet named the automaker that will adopt it, the model it will go into, or the timeline. No specifics are given at this time. It isn't the first time apples show up in the world of vegetable leathers. As far back as 2019, Covestro and the startup then known as Beyond Leather Materials introduced Leap as a biological alternative to leather. It is made largely from biomaterials derived from apple by-products after juice and cider production. The AppleSkin material, meanwhile, is manufactured in Italy from at least 50% apple fibers combined with polyurethane. It has already appeared on the seats of the concept Volkswagen ID Roomzz and on other electric prototypes from the brand. For now, these apple leathers remain confined to fashion, furniture, or show cars. No brand has yet announced broad serial availability across a full model lineup. Neither Magna nor the other players provide detailed figures on apple content, durability, or cost. So many questions remain as you configure the upholstery of your next car. Nolan Kessler I focus on performance-driven cars, emerging technologies, and the business forces shaping the automotive industry. My work aims to deliver clear, relevant insights without unnecessary noise, with a strong attention to detail and accuracy. I follow the evolution of mobility daily, with a particular interest in what defines the next generation of driving.