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Magna International Inc
Symbol MG
Shares Issued 205,162,635
Close 2015-01-29 C$ 121.57
Market Cap C$ 24,941,621,537
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Magna's MMLV testing shows "environmental benefits"

2015-01-30 14:23 ET - News Release

Mr. Swamy Kotagiri reports

MAGNA PRESENTS TEST RESULTS ON MULTI-MATERIAL LIGHTWEIGHT VEHICLE CONCEPT CAR

Magna International Inc. has completed validation testing on the multimaterial lightweight vehicle (MMLV) concept it developed in co-operation with Ford Motor Co. and the U.S. Department of Energy (DOE), and the tests show that the MMLV design offers clear advantages in terms of global warming potential and the use of energy.

Magna recently co-presented the test results with Ford at the SAE 2015 government/industry meeting in Washington. As part of the presentation, results of a life-cycle assessment (LCA) study were disclosed, in which the lightweight auto parts of the MMLV vehicle design were compared with the conventional auto parts of the baseline 2013 Ford Fusion.

The LCA study predicts that the cradle-to-grave total net savings of the MMLV (in percentage basis), relative to the cradle-to-grave LCA of the 2013 Ford Fusion, resulted in significant environmental benefits of a 16-per-cent improvement in global warming potential and a 16-per-cent improvement in total primary energy (fuel usage plus the energy needed to produce and recycle materials).

"The MMLV project shows the potential benefits of combining lightweight vehicle technologies and a downsized, high-output engine to reduce greenhouse gases and total energy," said Swamy Kotagiri, Magna's chief technical officer. "While this is a research prototype, the MMLV points the way to a more sustainable future. We at Magna are working diligently to make these lightweight technologies affordable for high-volume production."

The LCA was conducted per the appropriate ISO standards and with guidance from the Canadian Standards Association, and was performed by an outside, third party consultant separate from Magna and Ford.

Magna will additionally present a series of white papers at SAE World Congress, held from April 21, 2015, to April 23, 2015, in Detroit. These papers will provide additional details on the LCA and other tests that were conducted as part of the MMLV project and how the results were achieved.

The MMLV concept is based on the production version of a 2013 Ford Fusion and defines a new aluminum-intensive passenger-car structure. The concept, which also makes use of carbon fibre, magnesium and titanium, reduces the weight of the 2013 Ford Fusion to that of a 2013 Ford Fiesta, making the weight of a CD-segment family sedan approximately equal to that of a subcompact B-segment car (two vehicle segments lighter) without compromising performance or occupant safety.

The project includes engineering, prototype vehicle build and selected validation testing associated with a new aluminum-intensive passenger vehicle design architecture, facilitating an extensive use of advanced lightweight and high-strength materials, resulting in environmental and fuel economy benefits.

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