Magna Powertrain is a major American-based manufacturer of transmission and drivetrain systems. It is a division of the larger Canadian company Magna International. It was formed from multiple subsidiaries and acquisitions. In addition to producing transmission systems and drivetrain systems, they also provide metal-forming and engineering services.
 | |
| Formerly | Magna Drivetrain |
|---|---|
| Type | Division |
| Industry | Automotive |
| Predecessor |
|
| Founded | April 18, 2004 |
| Headquarters | , |
Area served | Worldwide |
| Products | |
| Services |
|
| Parent | Magna International |
| Website | Magna Powertrain |
History
editIn 1988, Magna formed Tesma International to manufacture engine and transmission parts. Tesma was spun off into a public company in 1995 while retaining affiliation with Magna.[1]
In 2001, founded Magna 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 called Magna Drivetrain, to focus on engineering and assembly of chassis, driveline subsystems, and modules. Magna stated the new company would better address the growing importance of all-wheel drive powertrains.[2] In September 2004,[3] Magna acquired the global operations of New Venture Gear from DaimlerChrysler for 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 acquired Getrag, 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
editMajor 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
editMagna 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 hybrid transmissions formerly produced by Getrag.[9] The driveline systems group produces four-wheel drive and all-wheel drive driveline systems. They produce transverse and longitudinal drivetrain layouts for a variety of vehicle types.[11] The company also has a metal-forming group and an engineering services group.[11]
Locations
editManufacturing plants
editMagna Powertrain has manufacturing plants in Canada, Mexico, the United States, Austria, France, Germany, Italy, Slovakia, China, India, and South Korea.[12]
Canada
editMexico
editUnited States
editAustria
editFrance
editGermany
editItaly
editSlovakia
editChina
editIndia
editSouth Korea
editOffices
editJoint ventures
editIn November 2006, Magna Powertrain and Amtek Auto Ltd. signed a 50-50 joint venture to establish a manufacturing facility outside of New 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 in Gurgaon. 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 in Asan, Korea. The facility produces and supplies all-wheel-drive couplings for Hyundai Motor Group.[15]
In July 2021, LG and Magna Powertrain formed a LG majority (51%-49%) joint venture to establish LG Magna e-Powertrain in Incheon, 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. Archived from the original on December 11, 2021. Retrieved December 11, 2021.
- ↑ Auer, Georg (April 19, 2004). "Magna creates drivetrain division". Automotive News. Archived from the original on December 11, 2021. Retrieved December 11, 2021.
- ↑ "NOTICE OF SPECIAL MEETING OF HOLDERS OF CLASS A SUBORDINATE VOTING SHARES". U.S. Securities and Exchange Commission. Archived from the original on 2021-12-11. Retrieved 2021-12-11.
- ↑ World-77, Auto Service (2004-05-18). "Magna Acquires New Venture Gear from DaimlerChrysler Corporation". Auto Service World. Archived from the original on 2021-12-11. Retrieved 2021-12-11.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ↑ "Magna and Tesma announce agreement for privatization of Tesma". www.theautochannel.com. Retrieved 2023-01-12.
- ↑ Keenan, Greg (2004-10-26). "Magna reverses strategy, plans to take parts subsidiaries private". The Globe and Mail. Retrieved 2021-12-11.
- ↑ "Our History". Magna. Archived from the original on 2021-12-11. Retrieved 2021-12-11.
- ↑ "Magna will become major transmission player with Getrag acquisition". Automotive News Europe. 2015-07-16. Archived from the original on 2021-12-11. Retrieved 2021-12-11.
- 1 2 Sharman, Andy (2015-07-16). "Magna International snaps up Getrag for €1.75bn". Financial Times. Archived from the original on 2021-12-11. Retrieved 2021-12-11.
- ↑ "Form 40-F MAGNA INTERNATIONAL INC For: Dec 31". StreetInsider.com. Retrieved 2021-12-11.
- 1 2 3 "Facts & Figures". Magna. Archived from the original on 2021-11-20. Retrieved 2021-12-11.
- 1 2 "Magna Powertrain". Magna. Retrieved 2021-12-11.
- ↑ "Magna Powertrain and Amtek Establish Joint Venture in India". Powertransmission.com. Archived from the original on 2012-03-06. Retrieved 2016-04-10.
- ↑ "India: Magna Powertrain and Rico Auto sign joint venture agreement". Automotive World. Archived from the original on 2011-09-30. Retrieved 2016-04-10.
- ↑ "Magna Powertrain Inc.: Private Company Information - Businessweek". Investing.businessweek.com. Archived from the original on September 30, 2012. Retrieved 2016-04-10.
- ↑ "LG And Magna Officially Launch LG Magna e-Powertrain". InsideEVs. Retrieved 2021-12-11.