News Release - Magna Receives GM Supplier Quality Excellence Award
AURORA, Ontario, July 6, 2016 – Magna International Inc. announced that four of its manufacturing divisions in China received the General Motors Supplier Quality Excellence Award for achieving the highest levels of performance in quality excellence in 2015.
The GM Supplier Quality Excellence Award recognizes suppliers who strongly demonstrate their commitment to quality excellence. The award is based on criteria including producing parts and components without defects and performing above GM’s standard requirements.
The divisions who received the award are Magna Electronics Zhangjiagang, Magna Closures Kunshan and Hefei, and Magna Mirrors Jinshan.
“It is a great honor to receive this award from GM,” said Jim Tobin, Chief Marketing Officer and President of Magna Asia. “This award shows our commitment to manufacturing high-quality products to our customers as well as our strong presence in Asia’s fast-growing automotive market. None of this would be possible without the dedication and effort of our employees in each of these plants.”
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. 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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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.
The GM Supplier Quality Excellence Award recognizes suppliers who strongly demonstrate their commitment to quality excellence. The award is based on criteria including producing parts and components without defects and performing above GM’s standard requirements.
The divisions who received the award are Magna Electronics Zhangjiagang, Magna Closures Kunshan and Hefei, and Magna Mirrors Jinshan.
“It is a great honor to receive this award from GM,” said Jim Tobin, Chief Marketing Officer and President of Magna Asia. “This award shows our commitment to manufacturing high-quality products to our customers as well as our strong presence in Asia’s fast-growing automotive market. None of this would be possible without the dedication and effort of our employees in each of these plants.”
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. 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.
# # #
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.