News Release - Magna Recognized As Most Innovative With Drivetrain Technologies
"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
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.
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.
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
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Rej Husetovic, Senior Manager External Communications & Public Relations, +49 (6093) 9942 5056, firstname.lastname@example.org