MG/CN Magna International Inc.

Magna Recognized by General Motors With Six 2019 Supplier of the Year Awards

Magna Recognized by General Motors With Six 2019 Supplier of the Year Awards

  • GM awards top suppliers globally that have exceeded expectations, created outstanding value or introduced innovations
  • Magna received awards for its mirrors, truck frames, driveline systems, fascias and seat systems
  • Additional Innovation Award received for FREEFORM™ seat trim technology

AURORA, Ontario, June 25, 2020 (GLOBE NEWSWIRE) -- At General Motors’ 28th annual supplier awards held on June 24, Magna received six awards, the most ever for a supplier in a single year according to the automaker: Supplier of the Year Awards for its mirrors, truck frames, driveline systems, fascias and seat modules, as well as an Innovation Award for its FREEFORM seat trim technology.

The Supplier of the Year award recognizes GM’s best suppliers that consistently exceed expectations, create outstanding value or introduce innovations to the company. 

“On behalf of everyone at Magna, we are extremely proud to be recognized in such a big way by General Motors,” said Magna CEO Don Walker. “We celebrate these accolades because they recognize our unique ability to provide solutions to many challenges faced by our customers.”

GM’s Innovation Award recognizes top suppliers that introduced innovations to deliver cutting-edge technologies and substantially enhance vehicle capabilities and/or customer experience.

Magna’s FREEFORM is a seat trim technology introduced in 2019 that provides a sculpted, seamless styling surface and can achieve endless design possibilities. It’s ideal for conveying an automaker’s distinct brand values and offers improved comfort with contours that hug the human shape. FREEFORM is due to launch later this year on a GM product.

“Our suppliers play a key role in delivering the products, services and experiences our customers deserve – and these award-winning suppliers went above and beyond our expectations,” said Shilpan Amin, GM vice president, Global Purchasing and Supply Chain.

The Supplier of the Year award winners were chosen by a global team of GM purchasing, engineering, quality, manufacturing and logistics executives. Winners were selected based on performance criteria in Product Purchasing, Global Purchasing and Manufacturing Services, Customer Care and Aftersales, and Logistics.

TAGS

General Motors, auto supplier awards, mirrors, truck frames, driveline systems, fascias, seat modules, FreeForm

INVESTOR CONTACT

Louis Tonelli, Vice President, Investor Relations

, (+1) 905.726.7035

MEDIA CONTACT

Tracy Fuerst, Vice President, Corporate Communications & PR

, (+1) 248.761.7004

ABOUT MAGNA

We are a mobility technology company. We have over 159,000 entrepreneurial-minded employees, 347 manufacturing operations and 94 product development, engineering and sales centres in 27 countries. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities that include body, chassis, exteriors, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting and roof systems. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit .

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 .

Photos accompanying this announcement are available at:

EN
25/06/2020

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 Announces Senior Notes Offerings

Magna Announces Senior Notes Offerings AURORA, Ontario, May 14, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) has announced that it has entered into underwriting agreements in respect of the offering of one series of Euro denominated senior notes (“Euro senior notes”) and one series of U.S. dollar denominated senior notes (“U.S. dollar senior notes”), as follows:  Principal AmountMaturityAnnual Interest RateEuro Senior Notes€575,000,000May 21, 20313.625%U.S. Dollar Senior Notes$400,000,000June 1, 20355.875%     Magna intends to use the net proceeds from the offeri...

 PRESS RELEASE

Magna Announces 2025 Annual & Special Meeting Results

Magna Announces 2025 Annual & Special Meeting Results AURORA, Ontario, May 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2025 annual and special meeting of shareholders held on May 8, 2025. A total of 221,621,186 Common Shares or 78.66% of our issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of each item of business, as follows: a.        Election of Directors         NomineeVotes FORNomineeVotes FORMary S. Chan98.05%William A. Ruh88.30%Hon...

 PRESS RELEASE

Magna Announces First Quarter 2025 Results

Magna Announces First Quarter 2025 Results Comparing the first quarter of 2025 to the first quarter of 2024:  - Sales decreased 8% to $10.1 billion, as global light vehicle production decreased 3%, which included 8% and 5% declines in Europe and North America, respectively  - Diluted earnings per share of $0.52 and Adjusted diluted earnings per share of $0.78, compared to $0.03 and $1.08, respectivelyFirst quarter performance was broadly ahead of our expectations driven by strong incremental margins on better than anticipated vehicle productionReturned $187 million to shareholders through d...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

 PRESS RELEASE

Magna International Inc. Announces Date for First Quarter 2025 Results...

Magna International Inc. Announces Date for First Quarter 2025 Results Webcast AURORA, Ontario, April 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:) (NYSE:)  MAGNA INTERNATIONAL INC. ANNOUNCES DATE FORFIRST QUARTER 2025 RESULTS WEBCAST FRIDAY, MAY 2nd, 2025 @ 8:00 AM EDT LIVE AUDIO WEBCASTWebcast registration:    DIAL-IN DETAILSParticipant Toll-Free Dial-In: 1-800-715-9871Participant Toll Dial-In: 1-646-307-1963Conference ID: 9829976Slide presentation will be available on our website prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call and will...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch