21:24:28 EDT Thu 18 Apr 2024
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Magna International Inc
Symbol MG
Shares Issued 370,430,596
Close 2017-08-30 C$ 58.81
Market Cap C$ 21,785,023,351
Recent Sedar Documents

Globe says Magna to launch autonomous-driving platform

2017-08-31 06:52 ET - In the News

The Globe and Mail reports in its Thursday edition that Magna International is diving into autonomous-vehicle components with a plan to introduce an autonomous-driving electronic platform that can be used on existing vehicles as well as future electric and hybrid cars, and trucks. The Globe's Greg Keenan writes that the autonomous-driving platform will enable vehicles to engage in what is known as Level 4 self-driving, defined as vehicles that can perform all safety functions with the driver's only function being to plug in navigation or destination co-ordinates. Vehicles with Level 4 capability are still in the testing stage. Vehicles with some autonomous features today such as intelligent cruise control, lane-keep assist and others are classified as Level 1 or 2 vehicles. Magna says the new platform allows designers complete freedom on both the interior and exterior of the vehicle because it does not take up cargo space in the rear of a vehicle or space in the main compartment. Magna says the platform will make it easier for drivers to interact with autonomous driving controls because it includes a button system that is similar to cruise-control switches in current vehicles.

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