10:21:21 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 358,325,403
Close 2018-01-16 C$ 72.20
Market Cap C$ 25,871,094,097
Recent Sedar Documents

Magna Int'l launches active air dam on 2019 Ram pickup

2018-01-17 09:34 ET - News Release

Mr. Grahame Burrow reports

MAGNA DEBUTS ACTIVE AIR DAM ON 2019 RAM PICKUP

Magna International Inc. has shown its growing range of active aerodynamic systems at the North American International Auto Show in Detroit, with an active air dam launching on the 2019 Ram 1500 pickup truck. The air dam deploys automatically to redirect air around the vehicle and provide emissions and fuel economy improvements. It is the first of its kind on a high-volume production vehicle.

Combined with Magna's active grille shutter, the aero system on the 2019 Ram achieves an estimated 7-per-cent drag reduction and one-mile-per-gallon fuel savings on the highway. Across the Ram truck fleet, the active aero system is expected to save an estimated 10 million gallons of fuel annually.

"We appreciate the opportunity to collaborate with the Ram engineering team and bring our new air dam system to market on the new Ram pickup," said Grahame Burrow, president of Magna Exteriors. "As automakers seek ways to meet emissions and fuel economy targets, our innovative solutions are able to combine styling with aero to take vehicle performance to new levels."

The Ram's active aero systems are driven by smart actuators and power systems developed in-house by Magna's closures unit. The actuators communicate directly with the vehicle's control systems and ensure the aero systems deploy correctly based on vehicle inputs such as speed, temperature and drive mode.

Magna's active aerodynamic expertise has grown significantly in recent years with more than 10 million active grille shutter systems on the road. Additional product innovations include active underbodies, active wheel deflectors and active rear diffusers, which can be applied across all vehicles from small cars to commercial trucks.

About Magna International Inc.

The company has more than 163,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. Magna is a technology company and one of the world's largest automotive suppliers with 328 manufacturing operations and 99 product development, engineering and sales centres in 29 countries. The company's competitive capabilities include body exteriors and structures, power and vision technologies, seating systems, and complete vehicle solutions.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.