MG/CN Magna International Inc.

Magna’s 48-Volt Hybrid Transmission System Started Production With Stellantis

Magna’s 48-Volt Hybrid Transmission System Started Production With Stellantis

  • Magna's 48-Volt hybrid dual-clutch transmission made its debut on the Jeep Renegade and Compass e-Hybrid, Fiat 500 X and Tipo
  • Production taking place in Magna’s Slovakia facility
  • Agreement includes additional hybrid models in the future for Europe

AURORA, Ontario, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Magna’s 48-Volt hybrid transmission hit the market on the Jeep Renegade, Compass e-Hybrid, Fiat 500 X and Tipo, the first models from Stellantis to be equipped with a 48-Volt hybrid system. The two companies have signed a multi-program agreement.   

Hybrid technologies are an important step on the path to lower emissions. Magna's hybrid transmission achieves stringent CO2 targets and offers improved driving dynamics due to electric torque vectoring and traction support.

Magna's 48V 7-speed dual-clutch transmission for hybrids provides a maximum torque of 320 Nm and torque-split technology to optimize the efficiencies of the combustion engine (ICE) and the e-motor. The e-motor is capable of providing propulsion to the vehicle even when the ICE is switched off. This new transmission features independent on-demand cooling for the clutch and e-motor with a single oil circuit for cooling and lubrication, resulting in significant CO2 reductions in WLTC and real-world driving.

"Our scalable transmission technologies aid our customers in their transition to vehicle electrification which help to achieve regulatory targets. The transmission enhances both efficiency and performance. We are excited that Stellantis has awarded Magna this hybrid transmissions business across multiple vehicle models, a testament to our expertise and capabilities," said Tom Rucker, President, Magna Powertrain.

Magna is producing the 48V hybrid transmission at its division in Kechnec, Slovakia. Further 48V hybrid transmissions are expected to be adopted in additional future Stellantis models.

TAGS

48-Volt Hybrid Transmission, Electrification, Dual-Clutch Transmission, CO2 Reduction

INVESTOR CONTACT

Louis Tonelli, Vice-President, Investor Relations

, (+1) (905) 726-7035

MEDIA CONTACT

Tracy Fuerst, Vice President, Corporate Communications and PR

, (+1) (248) 761-7004



Rej Husetovic, Director Corporate Communications & Media Relations Europe

, (+49) 6093 9942-5056

ABOUT MAGNA

Magna is more than one of the world's largest suppliers in the automotive space. We are a mobility technology company with a global, entrepreneurial-minded team of 161,000 employees and an organizational structure designed to innovate like a startup. With 65+ years of expertise, and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, we are positioned to support advancing mobility in a transforming industry. Our global network includes 341 manufacturing operations and 89 product development, engineering and sales centers spanning 28 countries.

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

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 .

A photo accompanying this announcement is available at



EN
26/10/2022

Underlying

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

Reports on Magna International Inc.

Pierre FerraguÊ
  • Pierre FerraguÊ

Bible 1Q25 – Autos: recovery on track. Expect strong momentum through ...

Today, we are publishing the automotive section of our 27th 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. Auto semi revenues declined, reflecting the ongoing inventory correction. However, nearly all companies have now called the bottom. We expect strong sequential momentum through 2025, which should suppor...

 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.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch