Magna International : News Release - Magna's "Powertrain Meets Future" Drivetrain Forum Brings Industry Together

Please click HERE for a PDF version of the release.

SAILAUF, Germany, May 18, 2018 - In the coming years, there could be up to 48 variations of powertrain architectures available. Additionally, legislative requirements for CO2 emissions, changing consumer needs, and new advancements in technology are stimulating and challenging the industry. Magna once again brought the industry together at its 7th annual Drivetrain Forum themed 'Powertrain Meets Future'. Participants heard from industry leading powertrain experts on new requirements, developments and technologies, and had the opportunity to test different drive technologies across a variety of vehicles.

As a global leader in powertrain, and in addition to hosting the event, Magna showcased its latest technologies, including a scalable and modular powertrain platform approach for the entire drivetrain.

'Our ever-expanding portfolio of powertrain products prepares us to match the market's progression from internal combustion engines to plug-in hybrids to battery electric vehicles,' said Swamy Kotagiri, Magna CTO and President of Magna Powertrain. 'We have the expertise and the innovative solutions to help support automakers through the changing powertrain landscape.'

Dr. Stephan Weng, EVP GETRAG Global Magna Powertrain discussed with experts at the 7th DRIVETRAIN FORUM about future drive technologies

Through the integration of electric units like hybridized transmissions or electric axle drives in the drivetrain, Magna offers solutions to automakers for meeting the conflicting goals of vehicle efficiency, performance, and driving dynamics. On a product level, flexible building blocks that can be used in various applications, such as electric motors or inverters, reduce the complexity of the powertrain system. This approach also allows automakers to maintain the diversity of their vehicle configurations in terms of dynamics and performance in the future. At the same time, the number of different drivetrain variants will be reduced significantly.

Achieving CO2 emissions targets remain a high priority for the global automotive industry. As more drivetrain solutions emerge, it is critical to stay ahead of the curve. To learn more about the future of powertrain and the Drivetrain Forum, please click here.

TAGS
Drivetrain Forum, powertrain, scalable platforms

MAGNA INVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relations
louis.tonelli@magna.com, (+1) 905.726.7035

MAGNA MEDIA CONTACT
Tracy Fuerst, Global Director of Corporate Communications & PR
tracy.fuerst@magna.com, (+1) 248.631.5396

Rej Husetovic, Director Corporate Communications & Media Relations Europe
rej.husetovic@magna.com, (+49) 6093 9942-5056

ABOUT MAGNA
We have more than 172,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a technology company and one of the world's largest automotive suppliers with 340 manufacturing operations and 93 product development, engineering and sales centres in 28 countries. Our competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit www.magna.com.

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