SAILAUF, Germany, June 23, 2016 /CNW/ - Magna International
Inc. announces a significant milestone today: five million
Actimax™ transfer cases produced for BMW Group. Magna
has been providing the German automaker with drive systems since
2003, including the Actimax transfer case, which powers the
dynamic, fuel-saving all-wheel-drive in nearly all BMW xDrive
models and is manufactured in Ilz and Lannach, Austria, and Ramos
Arizpe, Mexico.
(Photo: http://photos.prnewswire.com/prnh/20160623/382699)
"We are proud of the entire team's commitment as well as the
trust that BMW Group has placed in us and our innovative powertrain
solutions," said Jake Hirsch,
President of Magna Powertrain. "Milestones such as this demonstrate
Magna's global leadership position in developing and producing
all-wheel drive and four-wheel drive systems.
Through its powertrain operating unit, Magna is the largest
independent 4WD/AWD supplier globally with 29 percent of an
$8.2-billion consolidated market.
All-wheel drive (AWD) technology, which was once limited to
off-road vehicles, is now being used in almost all vehicle
segments, including compact cars.
Magna is well-positioned to support its global customers as they
meet the increasing demand for all-wheel drive systems and continue
to look for innovative powertrain solutions that provide high
performance and fuel-economy savings.
About Magna
We are a leading global automotive supplier with 306
manufacturing operations and 92 product development, engineering
and sales centres in 29 countries. We have over 147,000 employees
focused on delivering superior value to our customers through
innovative products and processes, and World Class Manufacturing.
These figures include manufacturing operations, product
development, engineering and sales centres and employees in equity
accounted operations. Our product capabilities include producing
body, chassis, exterior, seating, powertrain, electronic, vision,
closure and roof systems and modules, as well as complete vehicle
engineering and contract manufacturing. Our common shares trade on
the Toronto Stock Exchange (MG) and the New York
Stock Exchange (MGA). For further information about Magna,
visit our website at www.magna.com.
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SOURCE Magna International Inc.