SAILAUF, Germany, April 30, 2015 /CNW/ - Magna International Inc.
has received the Automotive INNOVATIONS Award 2015 for its strength
in the development of drivetrain technologies. The Center of
Automotive Management (CAM) and PricewaterhouseCoopers (PwC)
presented Magna with the award for the most innovative supplier in
the Drivetrain Technology category at a gala held in Frankfurt, Germany, on April 29, 2015.
(Photo:
http://photos.prnewswire.com/prnh/20150430/212956 )
"We are honored that the Center of Automotive Management has
recognized Magna and our ability to deliver innovative products
that meet the needs of the market," said Swamy Kotagiri, Chief Technology Officer,
Magna International, accepting the
award. "As a global leader in four-wheel- and all-wheel-drive
technologies, Magna know-how is found on millions of vehicles on
the road; therefore, we are constantly striving to make our
products smarter, cleaner, and safer with each new generation."
With the award, CAM and PwC particularly honored two of our
technologies:
- Magna's FLEX4™ technology, the first all-wheel drive (AWD)
disconnect system that automatically shifts between true two- and
four-wheel drive and reduces fuel consumption by up to ten percent
compared to other AWD systems.
- MILA Blue concept car that Magna presented at the Geneva Motor
Show 2014. MILA Blue is an innovative, natural-gas powered,
A-segment lightweight vehicle that produces less than 49g
CO2/km.
"CAM has researched the most innovative companies in the
automotive industry in our annual study for ten years. This year's
expert panel considered Magna's holistic and innovative approach,
the company's leadership position in driveline, and its
technologies that address key industry trends," said Prof. Dr.
Stefan Bratzel, Center of Automotive
Management.
As part of the Automotive INNOVATIONS Award selection process,
300 supplier innovations were evaluated, 72 of them in the
Drivetrain Technology category which included technologies such as
conventional motors, alternative drivetrains, transmissions and
exhaust systems.
About Magna International
We are a leading global
automotive supplier with 316 manufacturing operations and 87
product development, engineering and sales centres in 29 countries.
We have approximately 133,000 employees focused on delivering
superior value to our customers through innovative products,
processes and World Class Manufacturing. Our product capabilities
include producing body, chassis, interior, 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.