SAILAUF, Germany, June 23, 2016 /CNW/ - Magna International Inc. announces a significant milestone today: five million Actimax™ transfer cases produced for BMW Group. Magna has been providing the German automaker with drive systems since 2003, including the Actimax transfer case, which powers the dynamic, fuel-saving all-wheel-drive in nearly all BMW xDrive models and is manufactured in Ilz and Lannach, Austria, and Ramos Arizpe, Mexico.
"We are proud of the entire team's commitment as well as the trust that BMW Group has placed in us and our innovative powertrain solutions," said Jake Hirsch, President of Magna Powertrain. "Milestones such as this demonstrate Magna's global leadership position in developing and producing all-wheel drive and four-wheel drive systems.
Through its powertrain operating unit, Magna is the largest independent 4WD/AWD supplier globally with 29 percent of an $8.2-billion consolidated market. All-wheel drive (AWD) technology, which was once limited to off-road vehicles, is now being used in almost all vehicle segments, including compact cars.
Magna is well-positioned to support its global customers as they meet the increasing demand for all-wheel drive systems and continue to look for innovative powertrain solutions that provide high performance and fuel-economy savings.
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.
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SOURCE Magna International Inc.
For further information: Rej Husetovic, Director of Corporate Communications and Media Relations, +49 (0) 6093 9942-5056, [email protected]