News Release - Magna Produces Five Millionth Axle Drive for Volkswagen
LANNACH, Austria, January 28, 2014 – Magna International Inc. announced that its Magna Powertrain operating unit, the largest global independent 4WD/AWD supplier, celebrated a noteworthy milestone for its Austrian manufacturing divisions: the 5-millionth axle drive manufactured for Volkswagen vehicles since production began in 2003. Magna supplies one of Volkswagen’s global platforms with parts shared across several brands.
At start of production for Volkswagen, Magna Powertrain plants in Lannach and Ilz initially supplied the VW Golf and the Audi A3. In the following years, production was supplemented by other models. This additional business led to a rapid increase in production volume, and in 2012, Magna Powertrain reached the 1-million mark for the year, a production record for its Lannach facility.
“Today we are celebrating a long standing relationship with VW which started in the 1990s and now we are writing another chapter in our successful history,” said Jake Hirsch, President Magna Powertrain. “We have been developing and manufacturing custom-made axle drives in Austria for our customers for over ten years. This production milestone demonstrates our far-reaching capabilities in delivering innovative powertrain systems as well as the confidence our clients place in us.”
About Magna Powertrain
Magna Powertrain (www.magnapowertrain.com), an operating group of Magna International, is a global supplier for the automotive industry with full capabilities in powertrain design, development, testing and manufacturing. Complete system integration sets us apart from our competitors, and our innovations make important contributions to the overall performance of vehicles around the world: they aim to improve fuel economy, make vehicles safer and lighter, ensure a pleasurable driving experience, and provide added value to our customers.
In line with increasing environmental pressure, many of Magna Powertrain’s innovations focus on electronically controlled technologies, supporting the quest for improved efficiency and reduced emissions. Manufacturing locations, engineering centers, and sales offices are situated close to our global customer base, stretching throughout all regions of the world.
About Magna International
We are a leading global automotive supplier with 316 manufacturing operations and 84 product development, engineering and sales centres in 29 countries. We have over 125,000 employees focused on delivering superior value to our customers through innovative processes and World Class Manufacturing. Our product capabilities include producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at www.magna.com.
At start of production for Volkswagen, Magna Powertrain plants in Lannach and Ilz initially supplied the VW Golf and the Audi A3. In the following years, production was supplemented by other models. This additional business led to a rapid increase in production volume, and in 2012, Magna Powertrain reached the 1-million mark for the year, a production record for its Lannach facility.
“Today we are celebrating a long standing relationship with VW which started in the 1990s and now we are writing another chapter in our successful history,” said Jake Hirsch, President Magna Powertrain. “We have been developing and manufacturing custom-made axle drives in Austria for our customers for over ten years. This production milestone demonstrates our far-reaching capabilities in delivering innovative powertrain systems as well as the confidence our clients place in us.”
About Magna Powertrain
Magna Powertrain (www.magnapowertrain.com), an operating group of Magna International, is a global supplier for the automotive industry with full capabilities in powertrain design, development, testing and manufacturing. Complete system integration sets us apart from our competitors, and our innovations make important contributions to the overall performance of vehicles around the world: they aim to improve fuel economy, make vehicles safer and lighter, ensure a pleasurable driving experience, and provide added value to our customers.
In line with increasing environmental pressure, many of Magna Powertrain’s innovations focus on electronically controlled technologies, supporting the quest for improved efficiency and reduced emissions. Manufacturing locations, engineering centers, and sales offices are situated close to our global customer base, stretching throughout all regions of the world.
About Magna International
We are a leading global automotive supplier with 316 manufacturing operations and 84 product development, engineering and sales centres in 29 countries. We have over 125,000 employees focused on delivering superior value to our customers through innovative processes and World Class Manufacturing. Our product capabilities include producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at www.magna.com.
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