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Bullboard - Stock Discussion Forum Magna International Inc T.MG

Alternate Symbol(s):  MGA

Consumer Cyclical Auto Parts
Magna International Inc. is a Canada-based global automotive supplier. The Company has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting, and roof systems. Its Veoneer Active Safety provides sensor, software and... see more

TSX:MG - Post Discussion

Magna International Inc > Magna Awarded Specialized eDrive System Business
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Post by Betteryear2 on Feb 06, 2024 12:46pm

Magna Awarded Specialized eDrive System Business

  • New electrification program to support high-end niche vehicle platform
  • Primary rear system is a variant of Magna’s 800V eDS Duo, delivering exceptional power and performance in one package
  • Award reflects company’s expertise in electric powertrain system engineering, integration

AURORA, Ontario, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Magna is growing its electrification customer base with a newly awarded contract from a North America-based OEM to supply a specialized primary rear eDrive system for one of the company’s high-end niche vehicle platforms. The award reinforces Magna’s commitment to supporting the automotive industry’s short and long-term transformational needs.

Magna Awarded Specialized eDrive System Business With North (globenewswire.com)

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Magna International Inc