MG/CN Magna International Inc.

Paving the Way to Powertrain Electrification

Paving the Way to Powertrain Electrification

  • Magna is helping automakers prepare for a future that emphasizes electrification
  • Magna’s new e4 technology demonstrator car sets a new benchmark in EV efficiency, driving dynamics and range
  • Affordable electromobility through scalable, modular drive systems

ARJEPLOG, Sweden, Feb. 26, 2020 (GLOBE NEWSWIRE) --  Magna’s roadmap to e-mobility includes technologies showcased in the all-new e4 technology demonstrator car, debuting today during the company’s winter test-driving activities in northern Sweden.

The e4 showcases Magna’s eDrive systems in a pure EV format at a time when automakers are making and executing plans for decreasing CO2 emissions and meeting legislation requirements around the world. The demo vehicle provides a new benchmark in efficiency and driving dynamics, providing up to 120km more range than current production models.

The e4 technology demonstrator includes highly integrated PSM-type eDrive systems on the front and rear axle. The unit on the front is equipped with a mechanical differential, while the unit on the rear has a twin-clutch torque vectoring system. Both eDrives, including the gearbox, electric motors, inverters, inverter software, and vehicle control strategy, are developments from Magna.

The e4 is the latest example of Magna’s modular and scalable powertrain solutions as the mobility technology company helps automakers prepare for a future that emphasizes electrification. These powertrain solutions also include:

  • The e2 prototype, which allows a demonstration of Magna’s scalable, modular drive technologies and a comparison of eight different powertrain configurations within a single vehicle architecture;
  • Dual-clutch transmissions (DCTs) such as the 7DCT300, which recently hit the one million mark in production at Magna’s powertrain manufacturing facility in Neuenstein, Germany; and
  • A comprehensive portfolio of powertrain products to cover the wide range of possible drivetrain architectures.

Magna expects that global growth in e-mobility will include mild and micro hybrids, high-voltage hybrids and electric vehicles.

“We are positioned to capitalize on the changing landscape with a strong product portfolio that covers various powertrain types,” said Tom Rucker, President of Magna Powertrain. “From reducing CO2 and supporting sustainability goals to delivering dynamic, fun-to-drive performance, we can lead automakers through the powertrain transition with our modular and scalable powertrain configurations.”

TAGS

Hybrid and electric vehicles, dual-clutch transmissions, e-mobility

INVESTOR CONTACT

Louis Tonelli, Vice-President, Investor Relations

, (+1) 905.726.7035

MEDIA CONTACTS

Tracy Fuerst, Global Director of Corporate Communications & PR

, (+1) 248.631.5396

Rej Husetovic, Director Corporate Communications & Media Relations Europe

, (+49) 6093 9942-5056

ABOUT MAGNA

We are a mobility technology company. We have more than 165,000 entrepreneurial-minded employees and 346 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 which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting and roof systems. Magna also has electronic and software capabilities across many of these areas. 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 .

A photo accompanying this announcement is available at

EN
26/02/2020

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