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Are there any companies developing magnetic motor or water fuel cell (Stanley Meyer's) technology?
They're working on it.
Have you heard about magnetic trains? I think they're fascinating. The fastest one has gone is 581km/h! Magnets are really powerful and have a lot of potential. It's harnessing that energy and focusing it in the right direction (I think) and doing so in an affordable way, that is holding us back.
Scientific, economic and political barriers and limitations have hindered the widespread adoption of the technology.
But, there are some that can be found in Japan, Germany, and China. And there are proposals for more locations, including US, Venezuela, UK and more.