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 Fourth Quarter 2025 Results and Provides 2026 Outlook

Magna Announces Fourth Quarter 2025 Results and Provides 2026 Outlook Fourth Quarter 2025 Highlights(1) Magna delivered solid fourth-quarter results, reflecting disciplined execution, and improved operating performance. Year-over-year comparison (fourth quarter of 2025 versus fourth quarter of 2024): Sales increased 2% to $10.8 billion, despite a 1% decline in global light vehicle productionIncome from operations before income taxes was $114 million, including non-cash impairment charges of $615 millionAdjusted EBIT increased 18% to $814 million, with Adjusted EBIT margin expanding 100 b...

 PRESS RELEASE

Magna International Inc. Announces Date for Q4 & Year End 2025 Results...

Magna International Inc. Announces Date for Q4 & Year End 2025 Results and 2026 Outlook Webcast AURORA, Ontario, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:) (NYSE:)  MAGNA INTERNATIONAL INC. ANNOUNCES DATE FORQ4 & YEAR END 2025 RESULTS and 2026 OUTLOOK WEBCAST FRIDAY, FEBRUARY 13, 2026 @ 8:00 AM ET 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 avai...

 PRESS RELEASE

Magna to Offer DRIVE Hyperion-Compatible ECUs and Tier-1 Integration...

Magna to Offer DRIVE Hyperion-Compatible ECUs and Tier-1 Integration Services for NVIDIA DRIVE AV Magna to support OEMs with Hyperion-compatible ECUs and integration services supporting NVIDIA DRIVE AVCapabilities span assisted and automated driving systems across L2++, L3, and L4 autonomy levelsCollaboration designed to help OEMs accelerate software-defined vehicle deployment AURORA, Ontario, Jan. 05, 2026 (GLOBE NEWSWIRE) -- Magna today announced an expansion of its strategic collaboration with NVIDIA to support OEM deployments on the NVIDIA DRIVE Hyperion platform. As part of this c...

Pierre FerraguÊ
  • Pierre FerraguÊ

Bible 3Q25 – Autos: Limited near-term visibility, but our cycle thesis...

Today, we are publishing the Automotive section of our 29th 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. We will publish sections on Hyperscale & Cloud, Telecom Equipment, Industrials, PCs, Enterprise IT, and Foundry later this week. Auto demand came in above expectations, with limited signs of an air-pock...

 PRESS RELEASE

GAC Accelerates European EV Strategy with Magna Vehicle Assembly Progr...

GAC Accelerates European EV Strategy with Magna Vehicle Assembly Program GUANGZHOU, China and AURORA, Ontario, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Today, GAC and Magna announced a vehicle assembly program to accelerate electric mobility and expand localized EV production in Europe. The collaboration underscores GAC’s regional commitment, extending assembly, supply and sales, while highlighting Magna’s leadership in vehicle manufacturing. Serial production of GAC’s electric SUV AION V is now underway at Magna’s Graz facility. “Europe is a vital market in GAC’s global development,” said Wei ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch