SAILAUF, Germany, Sept. 25, 2014 /CNW/ - Magna International Inc., the global leader in volume and sales for
automotive latching products, announces that its Motrol closures
manufacturing division in Guasticce, Italy, has achieved a noteworthy
milestone: 50 million side-door latches manufactured for Volkswagen
Group vehicles. Since starting production in 2003, Magna's Motrol
division has supplied many of the Group's vehicles with its highly
engineered side-door latches.
The Magna plant in Guasticce initially supplied one Audi model, and in
the following years production was expanded to supply side-door latches
on additional vehicles within the Volkswagen Group portfolio. This led
to a rapid increase in door-latch production volume for the plant,
which by 2012 was producing an average of 6 million latches per year, a
production record for the facility.
"We have been developing and manufacturing side-door latches for our
Volkswagen Group customers for more than 10 years, and our product is a
true benchmark in terms of reliability, quietness and real-world
quality performance," said Frank Seguin, president of Magna Closures.
"This production milestone demonstrates our capabilities in supporting
global vehicle programs with innovative and competitive products, as
well as the confidence our customers place in us."
About Magna International
We are a leading global automotive supplier with 317 manufacturing
operations and 83 product development, engineering and sales centres in
29 countries. We have over 130,000 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, interior, 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.
Image with caption: "Riccardo Berti (left), Director of Product Management & Business Development at Magna Closures Europe, and Franco Ottino, Director of Engineering at Magna Closures Europe, at the 50 million latches celebration held at Magna's Guasticce, Italy, manufacturing facility. (CNW Group/Magna International Inc.)". Image available at: http://photos.newswire.ca/images/download/20140925_C9626_PHOTO_EN_42880.jpg
SOURCE: Magna International Inc.
For further information:
Director, Corporate Communications & Media Relations