Mr. Swamy Kotagiri reports

MAGNA PRODUCES TEN MILLIONTH REARVIEW CAMERA IN HOLLY, MICHIGAN

Magna International Inc. has reached a production milestone at its electronics facility in Holly, Mich., where the 10 millionth automotive rearview camera was recently manufactured.

With more than 130,000 square feet of engineering and manufacturing space and approximately 390 employees, Magna Electronics Holly is the only rearview camera maker in the United States and the North American market leader in automotive camera manufacturing. Serving many of the world's leading auto makers, Holly ships its cameras to 47 different locations in North and South America, Europe and Asia. It began manufacturing cameras in 2005 and has steadily increased its annual output as rearview monitors and other camera-based driver assistance systems have grown in popularity.

The Holly operation also serves as the global incubator for Magna's camera products and the manufacturing expertise required to make them. Since establishing its camera-manufacturing template in Holly, Magna has duplicated the processes and equipment in its facilities in Germany and China to achieve consistently high quality and the ability to support customers on a global basis.

"This milestone is a testament to our innovative spirit and commitment to world-class manufacturing," said Olaf Bongwald, vice-president Magna Electronics. "As driver assistance technologies continue to expand globally, Magna looks forward to sustained market leadership and future production milestones."

Earlier this year, the U.S. National Highway Traffic Safety Administration (NHTSA) adopted a rule mandating rear visibility technology in all vehicles under 10,000 pounds manufactured on or after May 1, 2018. Since rearview cameras offer auto makers a cost-effective and reliable way to comply with the recent NHTSA rule, Magna expects to realize additional opportunities to further enhance its leadership position in this product area.

Magna's complete portfolio of camera and driver assistance systems includes rearview, side-view and front-facing cameras that support systems such as adaptive cruise control, collision mitigation braking, 360-degree bird's-eye view and automated parking.

"With engineering and manufacturing teams in the U.S., Germany and China, Magna is uniquely positioned to support our global customers with our innovative camera technology," said Swamy Kotagiri, Magna's chief technical officer. "Cameras are a highly flexible sensor to include in an automobile -- once we have one or more cameras in place, there are many natural applications for driver assistance and safety that enhance the driving experience."

Magna Electronics Holly was recognized last month by the I-69 Next Michigan Development Corporation for job creation and the positive impact the facility has made on mid-Michigan.

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