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Magna Mirrors Wins Pace Award

Date : 04/24/2012 @ 1:17PM
Source : PR Newswire (US)
Stock : Magna International Inc. (MGA)
Quote : 109.44  -0.86 (-0.78%) @ 8:00PM
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Magna Mirrors Wins Pace Award

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AURORA, ON, April 24, 2012 /PRNewswire/ - Magna International, the world's most diversified automotive supplier, announced today that its Magna Mirrors operating unit has been selected as a 2012 Automotive News PACE Award winner for its Infinity™ rearview mirror.

"On behalf of Magna Mirrors and our product development, engineering and sales teams, we are honored to accept this 2012 PACE Award for our Infinity mirror, and we appreciate the prestigious recognition our innovative product has received," said Frank Seguin, president of Magna Mirrors.

The Infinity mirror redefines the appearance of the inside rearview mirror by replacing the traditional bezel around the mirror's perimeter with a highly polished, precision-ground glass edge. With the Infinity mirror, the driver sees and interacts only with the glass mirror and no part of the assembly extends beyond the mirror, resulting in a clean, futuristic design that automakers see as a differentiating feature. Elimination of the bezel also reduces forward obstruction by decreasing the overall mirror size by 24 percent compared to a conventional mirror, while the buttons commonly located in mirror bezels are replaced with touch-screen style buttons on the glass surface.

Magna Seating was also a finalist in this year's PACE Awards competition for its One-Touch Stow n' Go® seat mechanism. (Stow n' Go is a registered trademark of Chrysler Group LLC.) This latest-generation mechanism started in 2011 Chrysler and Dodge minivans and features a unique, one-touch mechanical mechanism that -- all at once -- folds down the head restraint, folds the seatback, releases the floor latch, tumbles the seat forward, and translates the seat inboard to align with the floor tub for easy stowing. The mechanism provides the ease of use of a power folding seat for the mass and cost of a mechanical seat, without compromise in functionality.

The Automotive News PACE Awards celebrate automotive suppliers' innovations in products, manufacturing processes and information technology. PACE Award winners were announced at the 18th annual Automotive News PACE Awards ceremony on April 23, 2012, in Detroit, Michigan.

About Magna Mirrors

Magna Mirrors (www.magnamirrors.com), an operating unit of Magna International Inc. and recipient of a 2009 PACE Award for its BlindZoneMirror™, is one of the largest producers of automotive mirror and vision systems to the global automotive industry. We are focused on developing value-added products including interior and exterior mirrors, door handles, actuators, and electronic vision systems that deliver new products and technological solutions to enhance the driving experience. The group serves customers around the world from manufacturing and engineering facilities located in North America, Europe, Asia and South Africa.

About Magna Seating

Magna Seating (www.magnaseating.com), an operating group of Magna International Inc., is an innovative leader in the development and manufacture of high-quality complete seating systems, seat structure and mechanism solutions, and foam & trim products for the global automotive industry. Our capabilities range from consumer and market research, full concept development, design and engineering, and testing and validation to world-class manufacturing of seating components and complete seat assemblies.

About Magna International

Magna is the most diversified global automotive supplier. We design, develop and manufacture technologically advanced automotive systems, assemblies, modules and components, and engineer and assemble complete vehicles, primarily for sale to original equipment manufacturers ("OEMs") of cars and light trucks. Our capabilities include the design, engineering, testing and manufacture of automotive interior systems; seating systems; closure systems; body and chassis systems; vision systems; electronic systems; exterior systems; powertrain systems; roof systems; hybrid and electric vehicles/systems; as well as complete vehicle engineering and assembly.

We have approximately 108,000 employees in 286 manufacturing operations and 88 product development, engineering and sales centers in 26 countries. More information on Magna can be found at www.magna.com.

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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 WWW.MAGNA.COM. 

SOURCE Magna International Inc.

Image with caption: "The Infinity mirror from Magna Mirrors redefines the appearance of the inside rearview mirror by replacing the traditional bezel around the mirror's perimeter with a highly polished, precision-ground glass edge. (CNW Group/Magna International Inc.)". Image available at: http://photos.newswire.ca/images/download/20120424_C8579_PHOTO_EN_12674.jpg

Copyright 2012 PR Newswire



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