Momentum all around us ! Magna to help EV firm build SUV driver assistance system
Magna International Inc. is deepening ties with electric vehicle maker Fisker.
Magna said Monday it had signed on to help Fisker build a driver assistance system for its electric sport utility vehicle.
The driver assistance technology for Fisker will include cameras, ultrasonic sensors and a digital imaging radar system that is a first for the automotive industry, Magna said.
The deal comes after Magna announced last October it would be the exclusive manufacturer of the Fisker Ocean SUV in Europe. The vehicle uses Magna’s electric vehicle platform which Fisker will customize to work with its in- house powertrain design.
The Aurora- based auto parts company said its deal with Fisker is a win for its expanding electric vehicle business. Swamy Kotagiri, who made the Fisker announcement on his first day as CEO of Magna, said he is pushing the company into new lines of business as the auto industry becomes “increasingly high- tech.”
Fisker chief executive Henrik Fisker said the project with Magna is “mission- critical for the whole program.”