Diverse product line-up provides weight-saving opportunities throughout a vehicle
AURORA, ON, Nov. 18, 2015 /CNW/ - Part innovations from Magna International have enabled Cadillac to design and build lighter vehicles that enhance performance and improve fuel economy with lower emissions and cost of ownership.
"We're optimizing components and systems to make them smarter, cleaner, safer, and lighter," said Swamy Kotagiri, Magna's Chief Technical Officer. "Our customers like Cadillac can be assured that Magna will continue to develop and deliver innovative and affordable solutions across the full range of our product portfolio."
Multiple Magna product innovations have either debuted or are coming soon in Cadillac vehicles, including:
Carbon fiber hoods – Magna manufactures the auto industry's first volume production of carbon fiber hoods. The carbon fiber hoods appear in the new 2016 ATS-V and CTS-V high performance models. The hoods are more than 27 percent lighter than aluminum hoods and 72 percent lighter than steel hoods. This product is the culmination of years of development at Magna, which has seen the company at the forefront of R&D efforts to enable CF manufacturing at the required volumes.
Aluminum oil pans – Jointly developed with GM, transmission oil pans in the all-new Cadillac CT6 sedan are made from aluminum, resulting in a part that is 2.5 to 3 pounds lighter than its steel counterpart, a weight savings of approximately 60 percent. The key is being able to stamp the required shape within the packaging space allowed, which was solved by working closely together with Cadillac to refine the design for optimum formability and manufacturability.
High-pressure aluminum die-cast components – Magna also manufactures 13 high-pressure aluminum die-cast components for the body and chassis of the Cadillac CT6, which has one of the auto industry's most advanced body structures. One of the 13 components, a front body hinge-pillar, provides the functionality of 35 parts and reduces the number of components by 20 percent.
These weight-saving components contribute to the overall mass reduction of the CT6, enabling it to be more agile, efficient and lighter than competitive offerings. CT6 begins production at the end of the year.
About Magna International
We are a leading global automotive supplier with 285 manufacturing operations and 83 product development, engineering and sales centres in 29 countries. We have over 125,000 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, 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 of America Inc.
Image with caption: "Magna manufactures the auto industry's first volume production of carbon fiber hoods on the 2016 Cadillac ATS-V and CTS-V high performance models. (Photo credit: General Motors) (CNW Group/Magna International of America Inc.)". Image available at: http://photos.newswire.ca/images/download/20151118_C7359_PHOTO_EN_548269.jpg
For further information: Tracy Fuerst, Director, Corporate Communications & Media Relations, (248) 631-5396, [email protected]