News Release - Magna Strengthens All-Wheel-Drive Market Position with Next-Generation Actimax Transfer Case
SAILAUF, Germany, November 11, 2014 – Magna International Inc. announced today that the company is supplying its next-generation Actimax© transfer case to power the all-wheel-drive (AWD) system of the new 2015 BMW X4. The X4 marks the 20th BMW model utilizing Actimax for a highly dynamic as well as fuel-efficient AWD system and further strengthens Magna’s market leadership in the sector. Magna is currently the largest independent 4WD/AWD supplier globally with approximately 28% of the $7 billion market.
“This latest cooperation with the BMW Group exemplifies our customers’ confidence in our ability to deliver best-in-class products that lead to market advantages for them. As we enter into our 11th year supplying the BMW Group with our transfer case technology, we are excited about the opportunities it brings in helping us grow our leadership position in the global market,” said Jake Hirsch, president of Magna Powertrain.
The system detects and continuously monitors road conditions to deliver ideal torque distribution in every situation. It thereby allows for maximum driving stability and fuel efficiency while meeting the highest levels in performance, agility and driving pleasure.
Actimax provides automatic and pre-emptive AWD performance to enhance drivability and safety in the X4. As with all of Magna’s Actimax transfer cases, the product also provides improved operating efficiency due to an innovative pump-less design.
With the X4 being built in Spartanburg, South Carolina, Magna manufactures and ships the Actimax transfer case from its powertrain facilities in Ramos Arizpe, Mexico. Magna has supplied the Actimax transfer case for all BMW xDrive models since 2003.
About Magna International
We are a leading global automotive supplier with 312 manufacturing operations and 83 product development, engineering and sales centres in 29 countries. We have over 130,000 employees focused on delivering superior value to our customers through innovative 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.
# # #
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.
“This latest cooperation with the BMW Group exemplifies our customers’ confidence in our ability to deliver best-in-class products that lead to market advantages for them. As we enter into our 11th year supplying the BMW Group with our transfer case technology, we are excited about the opportunities it brings in helping us grow our leadership position in the global market,” said Jake Hirsch, president of Magna Powertrain.
The system detects and continuously monitors road conditions to deliver ideal torque distribution in every situation. It thereby allows for maximum driving stability and fuel efficiency while meeting the highest levels in performance, agility and driving pleasure.
Actimax provides automatic and pre-emptive AWD performance to enhance drivability and safety in the X4. As with all of Magna’s Actimax transfer cases, the product also provides improved operating efficiency due to an innovative pump-less design.
With the X4 being built in Spartanburg, South Carolina, Magna manufactures and ships the Actimax transfer case from its powertrain facilities in Ramos Arizpe, Mexico. Magna has supplied the Actimax transfer case for all BMW xDrive models since 2003.
About Magna International
We are a leading global automotive supplier with 312 manufacturing operations and 83 product development, engineering and sales centres in 29 countries. We have over 130,000 employees focused on delivering superior value to our customers through innovative 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.
# # #
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.