Magna Secures Business For Hybrid Dual-Clutch Transmission Program
December 02 2021 - 7:00AM
With the shift to electrified vehicles speeding up in society’s
pursuit of cleaner and more efficient mobility, Magna is enabling
global automakers to electrify their vehicle platforms with a full
range of hybrid and fully electric powertrain solutions. The
company has today confirmed that it has received a Hybrid
Dual-Clutch Transmission (HDT) award from Mercedes-Benz for next
generation compact and mid-size vehicles, further demonstrating
Magna’s continuing transformation in the electrification of
mobility.
“This award is a result of our long-term
collaboration with Mercedes-Benz and their trust in our
transmission technology expertise. It confirms that hybrid
technologies play a key role on the path to electrification and
highlights the value of a diverse powertrain portfolio in the
transition toward electrification,” said Swamy Kotagiri, Magna’s
Chief Executive Officer.
Magna’s powertrain expertise is supplying power to
the wheels, regardless of the power source. The company is able to
supply traditional products as well as electrified components and
systems to automakers as they migrate their vehicle offerings
toward hybrid and electric vehicles.
Two other HDT programs will launch in the coming
months with global OEMs as the company further extends its foothold
into powertrain electrification.
TAGSPowertrain electrification, hybrid DCT, HDT,
transmissions
INVESTOR CONTACTLouis Tonelli, Vice-President,
Investor Relationslouis.tonelli@magna.com, 905.726.7035
MEDIA CONTACTTracy Fuerst, Vice President,
Corporate Communications & PRtracy.fuerst@magna.com,
248.761.7004
ABOUT MAGNAMagna is more than one of the world’s
largest suppliers in the automotive space. We are a mobility
technology company with a global, entrepreneurial-minded team of
154,000 employees and an organizational structure designed to
innovate like a startup. With 60+ years of expertise, and a systems
approach to design, engineering and manufacturing that touches
nearly every aspect of the vehicle, we are positioned to support
advancing mobility in a transforming industry. Our global network
includes 347 manufacturing operations and 90 product development,
engineering and sales centres spanning 28 countries.
For further information about Magna [(NYSE:MGA;
TSX:MG)], please visit www.magna.com or follow us on Twitter
@MagnaInt.
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A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/30dbdb49-112a-4467-ab97-e14739b2d635
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