06:44:28 EDT Fri 29 Mar 2024
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Magna International Inc
Symbol MG
Shares Issued 378,597,216
Close 2017-06-28 C$ 59.49
Market Cap C$ 22,522,748,380
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Magna Int'l enters connected-vehicle project in Michigan

2017-06-29 10:21 ET - News Release

Mr. Swamy Kotagiri reports

MAGNA PARTNERS WITH MICHIGAN DEPARTMENT OF TRANSPORTATION AND 3M TO IMPROVE VEHICLE CONNECTIVITY, SECURITY AND DRIVER SAFETY

As the auto industry continues to discuss mobility and the need for new transportation solutions, some critics cite concerns about the ability of autonomous vehicles to read changing road conditions, temporary lane changes and construction, and to help address these challenges, Magna International Inc. is lending its camera and secure connectivity expertise to a joint project with the Michigan Department of Transportation (MDOT) and 3M.

The project is the nation's first vehicle-to-infrastructure connected work zone and will be constructed along a three-mile section of I-75 in Oakland county, Michigan. Findings from the project are expected to play an integral role in optimizing vehicle connectivity infrastructure on construction-related roadways going forward.

Over the next several years, Magna will continue to work with MDOT and 3M to provide expert advice on connectivity and infrared camera technology. Magna engineers and developers will help interpret the data and make continuous improvements to improve the technology.

"We are working with MDOT and 3M to integrate technology that addresses issues such as the location of street signs, loss of Internet connectivity or incorrect processing of vehicle-to-infrastructure information," said Swamy Kotagiri, Magna's chief technology officer. "Our contribution to the project will help uncover critical information needed to understand how vehicles communicate with roadway infrastructure."

About Magna International Inc.

Magna is a leading global automotive supplier with 321 manufacturing operations and 102 product development, engineering and sales centres in 29 countries.

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