MG/CN Magna International Inc.

Magna's Industry-First Thermoplastic Rear Swing Doors Hit the Market

Magna's Industry-First Thermoplastic Rear Swing Doors Hit the Market

  • Thermoplastic swing doors launch on Volkswagen’s ID. Buzz
  • First-to-market technology increases styling flexibility and brand differentiation
  • 20 to 30 percent lighter than equivalent steel solutions

SAILAUF, Germany, Sept. 19, 2022 (GLOBE NEWSWIRE) -- With the mobility transformation in full swing, Magna continues to deliver key technologies that address trends toward vehicle accessibility. Its latest innovation, rear thermoplastic swing doors, are hitting the market for the first time on the all-electric Volkswagen ID. Buzz.

The doors that contain recycled materials are 20 to 30 percent lighter than traditional steel solutions, helping reduce the overall weight of the vehicle, optimizing range, and reducing the opening effort for consumers. Additionally, by using thermoplastic resin material, vehicle designers have more styling freedom for sharper detailing, undercut surfaces and tighter radii, which enables greater brand differentiation. With the use of thermoplastics, the spoiler is now integrated into the swing doors which reduces cost, creates a cleaner appearance and improves vehicle aerodynamics.

“Lightweight components are increasingly important with the shift to electrification, and we see an ever-growing demand for new access solutions,” said Grahame Burrow, President, Magna Exteriors. “Magna has been on the forefront of next generation thermoplastic liftgates and now we are taking that expertise to develop numerous integration possibilities for our customers.”

From carrying cargo to working on the job site, consumers have the option to choose their preferred method of rear access to fit their lifestyle; a traditional liftgate or split swing doors.  Both thermoplastic solutions are supplied as ready-to-install modules. This helps to reduce production time and improve line efficiency while saving on cost.

With the current trend towards electric vehicles, some analysts project the thermoplastic liftgate market could grow up to 15% by 2028. Magna’s expertise in materials, component integration, and design positions the company well to take advantage of this growing product area.

TAGS

Thermoplastic liftgates, lightweighting, swing doors, exteriors, electrification

INVESTOR CONTACT

Louis Tonelli, Vice-President, Investor Relations

, 905.726.7035

MEDIA CONTACT

Tracy Fuerst, Vice President, Corporate Communications & PR

, 248.761.7004

Rej Husetovic, Director Corporate Communications & Media Relations Europe

, 056

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 over 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 centres 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
19/09/2022

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 International Inc. Announces Date for Third Quarter 2025 Results

Magna International Inc. Announces Date for Third Quarter 2025 Results AURORA, Ontario, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:) (NYSE:) MAGNA INTERNATIONAL INC. ANNOUNCES DATE FOR THIRD QUARTER 2025 RESULTS FRIDAY, OCTOBER 31st, 2025 @ 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 available 2 hours after the call and will expire Nove...

Magna International Inc: 1 director

A director at Magna International Inc sold 2,600 shares at 64.320CAD and the significance rating of the trade was 66/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years ...

 PRESS RELEASE

Magna Awarded Vehicle Assembly Business With Chinese OEM XPENG

Magna Awarded Vehicle Assembly Business With Chinese OEM XPENG New program marks the first Chinese automaker to localize production in Magna’s complete vehicle operations in EuropeMagna to assemble two fully electric vehicle modelsSerial production is set to begin in Q3 2025 AURORA, Ontario, Sept. 15, 2025 (GLOBE NEWSWIRE) -- As Chinese car manufacturers enter the European market, the need for localized production is growing. Today, Magna has announced that XPENG, a Chinese smart electric vehicle manufacturer, has selected the company to assemble two new models for the European marke...

 PRESS RELEASE

Magna Names Philip D. Fracassa Chief Financial Officer

Magna Names Philip D. Fracassa Chief Financial Officer Patrick McCann to step down after more than 26 years with Magna, including as CFO since 2022Philip Fracassa joins Magna as CFO effective immediately after 20 years at The Timken Company (NYSE: TKR), where he held the CFO role for over a decadeMagna looks forward to continuing to execute on its long-term strategy, including by building on its strong first-half performance and delivering on its full-year outlook disclosed in August AURORA, Ontario, Sept. 11, 2025 (GLOBE NEWSWIRE) -- Magna today announced the appointment of Philip D. F...

Pierre FerraguÊ
  • Pierre FerraguÊ

Bible 2Q25 – Autos: Semi recovery underway; tangible risks of pull-for...

Today, we are publishing the Autos section of our 28th 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 Hyperscale & Cloud, Telecom Equipment, PCs, Enterprise IT, Foundry and Semicap Equipment. The auto semiconductor recovery is underway, with revenues up 4% QoQ ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch