MG/CN Magna International Inc.

Magna Expands Long-Term Innovation Partnership with Mercedes-Benz

Magna Expands Long-Term Innovation Partnership with Mercedes-Benz

  • Ongoing collaboration underscores commitment to innovation and excellence in the automotive industry
  • Partnership strengthened through development and engineering services up to the production of the all-new electric model of Mercedes-Benz’s iconic off-roader
  • Magna’s eDS Duo electric drive system demonstrates innovative approach to delivering advanced powertrain solutions

AURORA, Ontario, Feb. 11, 2025 (GLOBE NEWSWIRE) -- For several decades, Magna has been a strategic partner to Mercedes-Benz, creating a legacy of innovation and excellence. This collaboration has spanned multiple areas of the vehicle, including powertrain and drivetrain systems, ADAS technologies, body and chassis components, electrification, interior systems, vehicle assembly, and more.

“Strong partnerships with our customers are essential for driving innovation and advancing the automotive industry,” said Eric Wilds, Magna Chief Strategy & Commercial Officer. “Our continued partnership with Mercedes-Benz exemplifies how working together can lead to groundbreaking solutions and mutual success.”

This long-term partnership includes the production of more than 500,000 iconic off-roader at Magna’s Graz, Austria facility since 1979.

In 2024, Magna began production of the eDS Duo, a unique eDrive system with exceptional traction properties, at its Lannach, Austria facility, marking a new chapter in the partnership. The all-new electric model of the iconic off-roader is now equipped with this advanced electric drive system for leading performance and efficiency.

“Having supplied three generations of transfer cases for Mercedes-Benz’s iconic off-roader, Magna is honored to now equip this legendary vehicle with its first generation of electric units,” said Diba Ilunga, President of Magna Powertrain. “The eDS Duo demonstrates Magna's flexible approach to delivering powertrain solutions, transitioning seamlessly from internal combustion engines to battery electric vehicles.”

A 2-speed, dual e-motor drive covering a power range of up to 240 kW, the eDS Duo offers leading traction and off-road capabilities, including a unique wheel-individual propulsion system that enables features like the "G-Turn," allowing the vehicle to rotate 360 degrees in place. With optimized efficiency and advanced silicon carbide and decoupling technology, the eDS Duo delivers exceptional performance while maintaining high efficiency.

For more information on Magna’s innovative electric powertrain systems, visit the company’s product .

INVESTOR CONTACT

Louis Tonelli, Vice President, Investor Relations

│ 905.726.7035

MEDIA CONTACT

Tracy Fuerst, Vice President, Corporate Communications & PR

│248.761.7004

ABOUT MAGNA INTERNATIONAL

Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team of over 175,000 employees across 343 manufacturing operations and 107 product development, engineering and sales centres spanning 28 countries. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.

For further information about Magna (NYSE:MGA; TSX:MG), please visit or follow us on social.

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 .



Magna’s eDS Duo combines a 2-speed, dual e-motor drive with advanced offroad technology

A photo accompanying this announcement is available at



EN
11/02/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Magna International Inc.

 PRESS RELEASE

Magna Posts 2024 Annual Report

Magna Posts 2024 Annual Report AURORA, Ontario, March 28, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2024 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company’s website, . Magna has also filed these documents with the Canadian Securities Administrators (accessible through its website at ) and the U.S. Securities and Exchange Commission (accessible through its website at . Please click  for the 2024 Annu...

 PRESS RELEASE

Magna and NVIDIA Team Up to Advance Next-Gen Automotive Technologies

Magna and NVIDIA Team Up to Advance Next-Gen Automotive Technologies Magna to integrate NVIDIA DRIVE AGX, built on DRIVE Thor SoC, for next-generation vehicle intelligenceCollaboration to deliver AI-powered, scalable solutions for ADAS and autonomous driving systems, enabling software-defined vehiclesIn-vehicle accelerated compute platform will enable advanced active safety and comfort functions, interior cabin AI solutions and more AURORA, Ontario, March 18, 2025 (GLOBE NEWSWIRE) -- Magna, a global leader in mobility technology, today announced a program in collaboration with NVIDIA to ...

Pierre FerraguÊ
  • Pierre FerraguÊ

Bible 4Q24 – Autos: a trough is emerging. One of our favored semi sect...

Today, we are publishing the Automotive section of our 26th Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 140 companies we track, providing an update on our key perspectives and convictions. In the coming weeks we will publish sections on Cloud Infrastructure, Memory, Telecom Equipment, Enterprise IT, Ride sharing & Delivery, and Foundry. Auto semi revenues declined sharply as the industry ...

 PRESS RELEASE

Magna Announces Fourth Quarter 2024 Results and 2025 Outlook

Magna Announces Fourth Quarter 2024 Results and 2025 Outlook  Fourth Quarter 2024 Highlights Sales increased 2% to $10.6 billion, in-line with global light vehicle productionDiluted earnings per share of $0.71 and Adjusted diluted earnings per share of $1.69, compared to $0.94 and $1.33, respectivelyGenerated $1.9 billion in cash from operating activitiesReturned $335 million to shareholders through dividends and share repurchasesRaised quarterly cash dividend to $0.485 per share, marking our 15th consecutive year of fourth quarter increases Outlook Highlights 2025 Sales expected t...

 PRESS RELEASE

Magna Expands Long-Term Innovation Partnership with Mercedes-Benz

Magna Expands Long-Term Innovation Partnership with Mercedes-Benz Ongoing collaboration underscores commitment to innovation and excellence in the automotive industryPartnership strengthened through development and engineering services up to the production of the all-new electric model of Mercedes-Benz’s iconic off-roaderMagna’s eDS Duo electric drive system demonstrates innovative approach to delivering advanced powertrain solutions AURORA, Ontario, Feb. 11, 2025 (GLOBE NEWSWIRE) -- For several decades, Magna has been a strategic partner to Mercedes-Benz, creating a legacy of innovation...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch