Magna Powertrain
 | |
| Formerly | Magna Drivetrain |
|---|---|
| Company type | Privately held company |
| Industry | Automotive |
| Predecessor |
|
| Founded | April 18, 2004 |
| Headquarters | |
Area served | Worldwide |
| Products | |
| Services |
|
| Parent | Magna International |
| Website | Magna Powertrain |
Magna Powertrainis a major American manufacturer oftransmissionanddrivetrainsystems owned byMagna International.It was formed from multiple subsidiaries and acquisitions. In addition to producing transmission systems and drivetrain systems, they also providemetal-formingand engineering services.
History
[edit]In 1988, Magna formedTesma Internationalto manufacture engine and transmission parts. Tesma was spun off into a public company in 1995 while retaining affiliation with Magna.[1]
In 2001, foundedMagna Steyr(through an acquisition), to engineer, develop and assemble automobiles for other companies on a contractual basis. In April 2004, Magna transferred the powertrain operations of Magna Steyr to a new subsidiary calledMagna Drivetrain,to focus on engineering and assembly of chassis, driveline subsystems, and modules. Magna stated the new company would better address the growing importance ofall-wheel drivepowertrains.[2]In September 2004,[3]Magna acquired the global operations ofNew Venture GearfromDaimlerChryslerfor an estimated price of $435 million, and integrated it with Magna Drivetrain. The acquisition helped establish the newly formed Magna Drivetrain group as a major supplier of four-wheel and all-wheel drive systems manufactured in Europe and North America.[4]
Tesma was privatized again by Magna in December 2004.[5][6]In 2005, Magna merged Magna Drivetrain with Tesma to form Magna Powertrain.[7]In July 2015 Magna Powertrain acquiredGetrag,a major transmission manufacturer, for $1.9 billion.[8]The acquisition gave Magna Powertrain access to Getrag's transmission systems, including recent hybrid designs.[9]
Customers
[edit]Major customers include:[10]
- General Motors(GMC,Buick,Cadillac,Chevrolet)
- Mercedes-Benz Group(Mercedes-Benz)
- Tata(Jaguar)
- BMW(BMW,MINI)
- Ferrari
- Stellantis North America(Jeep,Chrysler,Dodge,Ram)
- Stellantis Europe(Fiat,Alfa-Romeo)
- Ford(Ford,Lincoln).
Products
[edit]Magna Powertrain is divided into two manufacturing group, their transmission systems and their driveline systems groups.[11]The transmission systems group was formed in 2016 from the acquisition of Getrag. The group produces manual, dual-clutch, and hybridtransmissionsformerly produced by Getrag.[9]The driveline systems group producesfour-wheel driveandall-wheel drivedrivelinesystems. They produce transverse and longitudinal drivetrain layouts for a variety of vehicle types.[11]The company also has ametal-forminggroup and an engineering services group.[11]
Locations
[edit]Manufacturing plants
[edit]Magna Powertrain has manufacturing plants inCanada,Mexico,theUnited States,Austria,France,Germany,Italy,Slovakia,China,India,andSouth Korea.[12]
Canada
[edit]Mexico
[edit]United States
[edit]Austria
[edit]France
[edit]Germany
[edit]Italy
[edit]Slovakia
[edit]China
[edit]India
[edit]South Korea
[edit]Offices
[edit]Magna Powertrain also has offices not located within a manufacturing plant in France, Germany, China, India, Japan, South Korea.[12]
France
[edit]Germany
[edit]China
[edit]India
[edit]Japan
[edit]South Korea
[edit]Joint ventures
[edit]In November 2006, Magna Powertrain and Amtek Auto Ltd. signed a 50-50 joint venture to establish a manufacturing facility outside ofNew Delhi,for two-piece flexplate assemblies for automotive applications.[13]In October 2007, Magna Powertrain and RICO Auto Industries Ltd, a full-service Indian-based powertrain components and assemblies supplier, signed a 50-50 joint venture to establish a new manufacturing facility located inGurgaon.The facility produces oil and water pumps with aluminum housings for automotive engine applications for Indian and European markets.[14]
In January 2009, WIA Corporation and Magna Powertrain formed a 50-50 joint ventures to establish a new manufacturing facility located inAsan,Korea. The facility produces and supplies all-wheel-drive couplings forHyundai Motor Group.[15]
In July 2021,LGand Magna Powertrain formed a LG majority (51%-49%) joint venture to establish LG Magna e-Powertrain inIncheon, South Korea.The goal of the joint venture is to manufacture electric motors, inverters, on-board chargers and other"e-drive systems. "[16]
References
[edit]- ^"TESMA INTERNATIONAL INC. NOTICE OF SPECIAL MEETING OF HOLDERS OF CLASS A SUBORDINATE VOTING SHARES".SEC.gov.January 10, 2005.
- ^Auer, Georg (April 19, 2004)."Magna creates drivetrain division".Automotive News.
- ^"NOTICE OF SPECIAL MEETING OF HOLDERS OF CLASS A SUBORDINATE VOTING SHARES".U.S. Securities and Exchange Commission.Retrieved2021-12-11.
- ^World-77, Auto Service (2004-05-18)."Magna Acquires New Venture Gear from DaimlerChrysler Corporation".Auto Service World.Retrieved2021-12-11.
{{cite web}}:CS1 maint: numeric names: authors list (link) - ^"Magna and Tesma announce agreement for privatization of Tesma".www.theautochannel.com.Retrieved2023-01-12.
- ^Keenan, Greg (2004-10-26)."Magna reverses strategy, plans to take parts subsidiaries private".The Globe and Mail.Retrieved2021-12-11.
- ^"Our History".Magna.Retrieved2021-12-11.
- ^"Magna will become major transmission player with Getrag acquisition".Automotive News Europe.2015-07-16.Retrieved2021-12-11.
- ^abSharman, Andy (2015-07-16)."Magna International snaps up Getrag for €1.75bn".Financial Times.Retrieved2021-12-11.
- ^"Form 40-F MAGNA INTERNATIONAL INC For: Dec 31".StreetInsider.com.Retrieved2021-12-11.
- ^abc"Facts & Figures".Magna.Retrieved2021-12-11.
- ^ab"Magna Powertrain".Magna.Retrieved2021-12-11.
- ^"Magna Powertrain and Amtek Establish Joint Venture in India".Powertransmission.com.Retrieved2016-04-10.
- ^"India: Magna Powertrain and Rico Auto sign joint venture agreement".Automotive World.Retrieved2016-04-10.
- ^"Magna Powertrain Inc.: Private Company Information - Businessweek".Investing.businessweek.com.Archived fromthe originalon September 30, 2012.Retrieved2016-04-10.
- ^"LG And Magna Officially Launch LG Magna e-Powertrain".InsideEVs.Retrieved2021-12-11.