News Release - Magna Receives Multiple Supplier Excellence Awards
• Recognition for ADAS business
• Awarded by three different customers
• Evaluated on customer satisfaction and overall performance
Click here for the PDF version of the release
TROY, Mich., March 21, 2017 – As sales of Magna International Inc.’s vision-based Advanced Driver Assistance Systems (ADAS) continue to increase, the company’s efforts are being recognized. Magna has recently received the General Motors Supplier Quality Excellence Award, Honda Good Supplier Award and Ford Q1 Preferred Quality Award.
Magna’s Holly, Michigan, facility, which produces ADAS components for global automakers, received the General Motors Supplier Excellence Award. For the second consecutive year, the company’s electronics facility in Japan was presented the Honda Good Supplier Award in the Cost Performance category for its rearview and front facing cameras. Additionally, Magna’s electronics facility in Monterrey, Mexico, received the Ford Q1 Preferred Quality Award.
Magna Japan team accepted the Honda Good Supplier Award at its MIJ Tokyo Office.
Magna’s Monterrey facility receives Ford Q1 Award.
“Autonomous vehicle technology is setting the pace of change in the industry and with our ADAS leadership position, our business continues to grow as a result. The global recognition we are receiving from multiple customers reflects our overall performance and demonstrates our commitment to quality excellence,” said Swamy Kotagiri, Magna Chief Technology Officer and President of Magna Electronics.
Magna has been innovating camera technologies since the 1990s. Many of the company’s innovations and patents from that time are now coming of age in the worldwide automotive market. Today, Magna supplies camera systems to more than 60 percent of major automakers around the world.
louis.tonelli@magna.com, 905 726 7035
tracy.fuerst@magna.com, 248.631.5396
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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.
• Awarded by three different customers
• Evaluated on customer satisfaction and overall performance
Click here for the PDF version of the release
TROY, Mich., March 21, 2017 – As sales of Magna International Inc.’s vision-based Advanced Driver Assistance Systems (ADAS) continue to increase, the company’s efforts are being recognized. Magna has recently received the General Motors Supplier Quality Excellence Award, Honda Good Supplier Award and Ford Q1 Preferred Quality Award.
Magna’s Holly, Michigan, facility, which produces ADAS components for global automakers, received the General Motors Supplier Excellence Award. For the second consecutive year, the company’s electronics facility in Japan was presented the Honda Good Supplier Award in the Cost Performance category for its rearview and front facing cameras. Additionally, Magna’s electronics facility in Monterrey, Mexico, received the Ford Q1 Preferred Quality Award.
Magna Japan team accepted the Honda Good Supplier Award at its MIJ Tokyo Office.
Magna’s Monterrey facility receives Ford Q1 Award.
“Autonomous vehicle technology is setting the pace of change in the industry and with our ADAS leadership position, our business continues to grow as a result. The global recognition we are receiving from multiple customers reflects our overall performance and demonstrates our commitment to quality excellence,” said Swamy Kotagiri, Magna Chief Technology Officer and President of Magna Electronics.
Magna has been innovating camera technologies since the 1990s. Many of the company’s innovations and patents from that time are now coming of age in the worldwide automotive market. Today, Magna supplies camera systems to more than 60 percent of major automakers around the world.
TAGS
Supplier awards, supplier excellence, ADAS, camera technologyINVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relationslouis.tonelli@magna.com, 905 726 7035
MEDIA CONTACT
Tracy Fuerst, Global Director of Corporate Communications & PRtracy.fuerst@magna.com, 248.631.5396
ABOUT MAGNA
We are a leading global automotive supplier with 317 manufacturing operations and 102 product development, engineering and sales centres in 29 countries. We have over 155,000 employees focused on delivering superior value to our customers through innovative products and processes, and world class manufacturing. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, vision, closure and roof systems. We also have electronic and software capabilities across many of these areas. 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.