01:09:07 EDT Thu 25 Apr 2024
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Magna International Inc
Symbol MG
Shares Issued 382,256,855
Close 2017-03-08 C$ 57.62
Market Cap C$ 22,025,639,985
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Magna to provide parts for Maserati Levante

2017-03-08 10:24 ET - News Release

Mr. Swamy Kotagiri reports

ADVANCED TECHNOLOGIES FROM MAGNA CONTRIBUTE TO THE NEW MASERATI LEVANTE

Magna International Inc. is supplying camera-based driver assistance systems and all-wheel-drive components in the new Maserati Levante, as the traditional Italian sports brand enters into the luxury SUV segment for the first time.

Magna's Eyeris electronic vision system includes a 360-degree surround view system. The front and side cameras are located in the radiator grill and outside mirrors, while the rear-view camera is positioned above the rear registration plate. Unlike the previous analog generation, the electronic control for the surround system operates based on digital video data from the cameras.

The 8.4-inch touch screen monitor in the front console of the vehicle offers two options for high-resolution image display: a split screen mode offering the front and rear perspective (combined with a front and rear ultrasound parking assistant), or a bird's eye view with overlapping dynamic and static guidance lines and integrated door open warning display.

Other electronic features on board the SUV include a lane-departure warning assistant, high-beam assistant and camera-based object detection.

Magna, the largest independent four-wheel-drive/all-wheel-drive supplier globally, also provides its drivetrain technology to the Maserati Levante. The fast-reacting Actimax all-wheel transfer case with electronically controlled multidisc clutch provides variable distribution of the drive torque between the front and rear axles. Depending on the driving conditions and traction, the system is able to vary the engine power reserves from the standard rear-wheel drive to a symmetrical 50:50 distribution within 100 milliseconds. This results in maximum drive stability, driving enjoyment and active safety.

"Working with a premium brand like Maserati and delivering innovative vehicle systems that the consumer interacts with is extremely critical to supporting our partnership and reputation in general," said Swamy Kotagiri, Magna chief technology officer. "Our ability to impact two key areas of the vehicle in terms of safety and performance is an example of our competitive advantage."

About Magna International Inc.

The company is a leading global automotive supplier with 317 manufacturing operations and 102 product development, engineering and sales centres in 29 countries. It has over 155,000 employees focused on delivering superior value to its customers through innovative products and processes, and world-class manufacturing. The company has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, vision, closure and roof systems. It also has electronic and software capabilities across many of these areas.

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