• Numerous innovations from Magna discovered as finalists, the most obtained by any corporation
  • Extra finalist for Rate Pilot award
  • Tempo judges will announce winners at award ceremony on September 19, 2022

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AURORA, Ontario, April 22, 2022 – 4 Magna item and procedure innovations ended up named as finalists for the 2022 Automotive Information Speed Awards – the most of any firm for the award yr.

The Magna innovations on the finalist checklist consist of:

  • ICON 4D Electronic Radar, which scans the atmosphere all around the car or truck in 4 proportions with higher resolution and distinction than analog radar.
  • SmartAccess Power Door with Haptronik Motion Handle, a total run door program that reimagines regular car interactions.
  • Augmented Reality (AR) High quality Inspection Method, which is effective by means of a consumer-operated pill and a comprehensive-scale CAD overlay on the physical element to acknowledge defects. The tablet guides operators by way of a standardized action-by-stage sequence to validate the good quality of the areas.
  • Car Adjusting Balance Blocks (AABB), a sensible die answer presenting real-time adjustments to unpredictable disturbances in the stamping course of action, eradicating the require for line stoppages and consumer interference.

The enterprise has won five Speed Awards in the very last eight yrs.

Magna also landed a Tempo Pilot finalist spot with its Aural 5R Alloy, offering a much better undertaking alloy for structural apps at a reduced price tag and reduced carbon footprint. It is the only aluminum die-cast alloy for structural programs designed from 100% recycled materials.

“Having placed many finalists between some the industry’s prime automotive innovations is a testament to our unmatched abilities,” stated Swamy Kotagiri, Magna CEO. “Our solution groups continue on to press the boundaries of innovation in product and procedure and it is exciting to see that the Speed Award judges concur by naming many of our submissions as finalists.”

The Automotive News Pace Awards, in their 28th yr, are given to suppliers for game-altering solution and course of action innovations that have succeeded in achieving the sector. Winners will be declared on Monday, September 19, 2022, and are identified by an impartial panel of judges. Read through much more about the finalists in this article.

TAGS
ADAS, Radar, Haptics, Electronics, Mechatronics, Exteriors, Physique, Chassis, Buildings

Trader Make contact with
Louis Tonelli, Vice-President, Investor Relations
[email protected], 905.726.7035

MEDIA Speak to
Tracy Fuerst, Vice President, Corporate Communications & PR
[email protected], 248.631.5396

ABOUT MAGNA
We are a mobility know-how corporation. We have additional than 152,000 entrepreneurial-minded workforce and 346 production functions and 93 product growth, engineering and product sales centres in 27 nations around the world. We have comprehensive car or truck engineering and agreement producing experience and item abilities that include body, chassis, exteriors, seating, powertrain, active driver help, electronics, mechatronics, mirrors, lights, and roof devices. Our widespread shares trade on the Toronto Inventory Trade (MG) and the New York Stock Trade (MGA). For even more info about Magna, stop by www.magna.com.

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THIS Release Might Include STATEMENTS WHICH Constitute “FORWARD-Looking STATEMENTS” Underneath Applicable SECURITIES Legislation AND ARE Topic TO, AND EXPRESSLY Competent BY, THE CAUTIONARY DISCLAIMERS THAT ARE Established OUT IN MAGNA’S REGULATORY FILINGS. Please REFER TO MAGNA’S MOST Current MANAGEMENT’S Discussion AND Evaluation OF Results OF Functions AND Economical Posture, Once-a-year Data Variety AND Yearly REPORT ON Type 40-F, AS Changed OR Up to date BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH Established OUT THE CAUTIONARY DISCLAIMERS, Which includes THE Possibility Factors THAT COULD Result in True Gatherings TO Vary MATERIALLY FROM Those INDICATED BY This kind of Ahead-Wanting STATEMENTS. THESE Paperwork ARE Obtainable FOR Overview ON MAGNA’S Web page AT WWW.MAGNA.COM.

By Tara