News Release - Magna Presents its All-Wheel Drive Technology at the EAWD Congress 2017
• Magna hosts the 13th annual European All-Wheel Drive Congress
• Congress to offer technical presentations and driving demonstrations
• Magna is developing powertrain solutions in response to global trends
Please click HERE for a PDF version of the release.
SAILAUF, Germany, April 4, 2017 — Magna International Inc. is once again bringing OEM customer and supplier representatives from the all-wheel drive market together when it hosts the 13th annual European All-Wheel Drive Congress April 6-7, 2017, in Graz, Austria. Magna, the world’s largest independent supplier of 4WD/AWD systems to global automakers, will present the latest trends and developments in the fields of drivetrain technology and electrification at the international forum.
The first day of this technical program revolves around presentations relating to modern all-wheel drive concepts, electrified drivetrains, autonomous driving and all-wheel drive systems. Practical driving demonstrations at the Red Bull Ring, located nearby in Spielberg, Austria, will then round out the congress on the second day of the event.
All-wheel drive systems developed by Magna, such as the industry-first Flex4™ all-wheel drive technology that forms the technical foundation of Audi’s quattro ultra system, demonstrate Magna’s driveline leadership position as well as our advanced engineering and collaboration with our customers.
In addition, Magna continues to develop innovative powertrain products in response to global trends driven by legislation and consumer preferences that improve the environmental friendliness of passenger vehicles. New products under development include powertrain systems and modules for vehicles equipped with 48-volt systems (mild hybrid) as well as high-voltage systems (full hybrid, plug-in hybrid and electric vehicle powertrains).
“All of Magna‘s electrified powertrain products are based on a platform approach,” said Jake Hirsch, President of Magna Powertrain. “We are leveraging these platform modules to bring primary powertrain systems as well as electric AWD systems to our customers, and we have further strengthened our ability to provide complete powertrain systems with the acquisition of Getrag.”
rej.husetovic@magna.com, (+49-6093) 9942-5056
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THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA’S REGULATORY FILINGS. PLEASE REFER TO MAGNA’S MOST CURRENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT WWW.MAGNA.COM.
• Congress to offer technical presentations and driving demonstrations
• Magna is developing powertrain solutions in response to global trends
Please click HERE for a PDF version of the release.
SAILAUF, Germany, April 4, 2017 — Magna International Inc. is once again bringing OEM customer and supplier representatives from the all-wheel drive market together when it hosts the 13th annual European All-Wheel Drive Congress April 6-7, 2017, in Graz, Austria. Magna, the world’s largest independent supplier of 4WD/AWD systems to global automakers, will present the latest trends and developments in the fields of drivetrain technology and electrification at the international forum.
The first day of this technical program revolves around presentations relating to modern all-wheel drive concepts, electrified drivetrains, autonomous driving and all-wheel drive systems. Practical driving demonstrations at the Red Bull Ring, located nearby in Spielberg, Austria, will then round out the congress on the second day of the event.
All-wheel drive systems developed by Magna, such as the industry-first Flex4™ all-wheel drive technology that forms the technical foundation of Audi’s quattro ultra system, demonstrate Magna’s driveline leadership position as well as our advanced engineering and collaboration with our customers.
In addition, Magna continues to develop innovative powertrain products in response to global trends driven by legislation and consumer preferences that improve the environmental friendliness of passenger vehicles. New products under development include powertrain systems and modules for vehicles equipped with 48-volt systems (mild hybrid) as well as high-voltage systems (full hybrid, plug-in hybrid and electric vehicle powertrains).
“All of Magna‘s electrified powertrain products are based on a platform approach,” said Jake Hirsch, President of Magna Powertrain. “We are leveraging these platform modules to bring primary powertrain systems as well as electric AWD systems to our customers, and we have further strengthened our ability to provide complete powertrain systems with the acquisition of Getrag.”
TAGS
EAWD Congress, electrification of all-wheel drives, comprehensive drive solutionsCONTACT
Rej Husetovic, Director Corporate Communications & Media Relationsrej.husetovic@magna.com, (+49-6093) 9942-5056
ABOUT MAGNA
We are a leading global automotive supplier with 317 manufacturing operations and 102 product development, engineering and sales centres in 29 countries. We have over 155,000 employees focused on delivering superior value to our customers through innovative products and processes, and world class manufacturing. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, vision, closure and roof systems. We also have electronic and software capabilities across many of these areas. 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.# # #
THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA’S REGULATORY FILINGS. PLEASE REFER TO MAGNA’S MOST CURRENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT WWW.MAGNA.COM.