Magna Receives Ford World Excellence Award

Trailer back-up assist technology featured on Ford F-150

AURORA, ON, June 14, 2016  /CNW/ - Magna International Inc. announces it has received a 2016 Ford World Excellence Award in the "Smart" category for the innovative technology featured in the 2016 Ford F-150 Pro Trailer Backup Assist system.

(Photo: http://photos.prnewswire.com/prnh/20160614/379017)

"Ford's World Excellence Awards allow us to recognize suppliers who demonstrate a strong commitment to quality, performance and teamwork," said Hau Thai-Tang, Ford Motor Company group vice president, global purchasing. "Magna has helped Ford deliver a breakthrough year, and we are thankful they are a part of our One Ford team."

Magna's automated trailer backup assist system allows a driver to safely back-up a trailer by steering the trailer using a control knob while the truck steers its own wheels.

Ford's system is enabled by Magna's rear view camera, which measures the angle between truck and trailer, as well as Magna's image processing algorithm, which calculates trailer angle by detecting target decals on the trailer. The system was also a recipient of the CES 2016 Innovation Award for its outstanding performance in the Vehicle Intelligence category.

"This award is further recognition of the innovative technologies that we bring to market as a global leader in vision-based ADAS systems. Our trailer backup assist system demonstrates how we are applying smart technology – providing drivers and vehicles with information they need, when they need it.  We are honored that Ford, a longtime customer of ours, has given us this award," said Swamy Kotagiri, Magna Chief Technology Officer and President of Magna Electronics.

About Magna
We are a leading global automotive supplier with 306 manufacturing operations and 92 product development, engineering and sales centres in 29 countries. We have over 147,000 employees focused on delivering superior value to our customers through innovative products and processes, and World Class Manufacturing. These figures include manufacturing operations, product development, engineering and sales centres and employees in equity accounted operations. Our product capabilities include producing body, chassis, 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.

SOURCE Magna International Inc.

Image with caption: "Magna received a 2016 Ford World Excellence Award in the “Smart” category for the innovative technology featured in the 2016 Ford F-150 Pro Trailer Backup Assist system. The system allows a driver to safely back-up a trailer by steering the trailer using a control knob while the truck steers its own wheels. (CNW Group/Magna International Inc.)". Image available at: http://photos.newswire.ca/images/download/20160614_C1865_PHOTO_EN_713124.jpg

For further information: Tracy Fuerst, Director, Corporate Communications & Media Relations, (248) 631-5396, tracy.fuerst@magna.com

RELATED LINKS
http://www.magna.com

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