Magna Powertrain

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Magna Powertrain Inc.
FormerlyMagna Drivetrain
TypePrivately held company
IndustryAutomotive
Predecessor
FoundedApril 18, 2004; 17 years ago (2004-04-18)
Headquarters
Troy, Michigan
Area served
Worldwide
Products
Services
ParentMagna International
WebsiteMagna Powertrain

Magna Powertrain is a major American manufacturer of transmission and drivetrain systems owned by Magna International. Magna Powertrain supplies the global automotive industry with capabilities in new design, development, testing and manufacturing. In addition to producing transmission systems and drivetrain systems, they also provide metal-forming solutions as well as engineering services.

History[]

Magna Drivetrain was founded in April 2004 when it was created to take over the operations of Magna Steyr Powertrain with a focus on engineering and assembling chassis and driveline subsystems and modules.[1] The company was created as a response from Magna to the growing importance of all-wheel drive powertrains.[1] In September 2004,[2] Magna acquired the global operations of New Venture Gear from DaimlerChrysler for an estimated price of $435 million and integrated it with Magna Drivetrain. The acquisition helped establish the newly formed Magna Drivetrain group as a major supplier of four-wheel and all-wheel drive systems manufactured in Europe and North America.[3]

In 2005, Magna merged Magna Drivetrain with Tesma International forming Magna Powertrain.[4] Tesma International was formed by Magna in 1988 to manufacture engine and transmission parts. It was a public company from when it was spun-off in 1995 until it was privatized again in 2004 before it was integrated into Magna Powertrain.[5] In July 2015 Magna Powertrain acquired Getrag, a major transmission manufacturer, for $1.9 billion.[6] The acquisition gave Magna Powertrain access to Getrag's transmission systems, especially their more recent hybrid ones.[7]

Customers[]

Major customers include General Motors (GMC, Buick, Cadillac, Chevrolet), Daimler (Mercedes-Benz), Tata (Jaguar), BMW, Stellantis North America (Jeep, Chrysler, Dodge, Ram), and Ford (Ford, Lincoln).[8]

Products[]

Magna Powertrain is divided into two manufacturing group, their transmission systems and their driveline systems groups.[9] The transmission systems group was formed in 2016 from the acquisition of Getrag. The group produces manual, dual-clutch, and hybrid transmissions formerly produced by Getrag.[7] The driveline systems group produces four-wheel drive and all-wheel drive driveline systems. They produce transverse and longitudinal drivetrain layouts for a variety of vehicle types.[9] The company also has a metal-forming solutions group and an engineering services group.[9]

Locations[]

Magna Powertrain has manufacturing plants in Canada, Mexico, the United States, Austria, France, Germany, Italy, Slovakia, China, India, and Korea. In Canada, their manufacturing plants are located in Aurora, Ontario, Mississauga, Markham, Ontario, and Vaughan. In Mexico they have plants located in Irapuato, and Ramos Arizpe. In the United States they are located in Lansing, Michigan, Muncie, Indiana, and Sterling Heights, Michigan. In Austria they are located in Albersdorf, Ilz, Styria, Lannach, St. Valentin, and Traiskirchen. In france they have one manufacturing plant located in Bordeaux. In Germany they have plants located in Bad Windsheim, Neuenstein, Baden-Württemberg, Roitzsch, and Rosenberg (Baden). In Italy they have a plant in Modugno and in Slovakia they have on in Kechnec. In China, they have manufacturing plants in Changzhou, Ganzhou, Nanchang, and Tianjin. In India they have plant located in Sanand and in Korea they have one in Asan.[10]

Magna Powertrain also has offices not located within a manufacturing plant in Paris, Shanghai, Pune, India, Tokyo, and Seoul. In Germany, they have offices in Cologne, Munich, St. Georgen, and Untergruppenbach. Their headquarters is located in Troy, Michigan.[10]

Joint ventures[]

In November 2006, Magna Powertrain and Amtek Auto Ltd. signed a 50-50 joint venture to establish a manufacturing facility outside of New Delhi, for two-piece flexplate assemblies for automotive applications.[11] In October 2007, Magna Powertrain and RICO Auto Industries Ltd, a full-service Indian-based powertrain components and assemblies supplier, signed a 50-50 joint venture to establish a new manufacturing facility located in Gurgaon. The facility produces oil and water pumps with aluminum housings for automotive engine applications for Indian and European markets.[12]

In January 2009, WIA Corporation and Magna Powertrain formed a 50-50 joint ventures to establish a new manufacturing facility located in Asan, Korea. The facility produces and supplies all-wheel-drive couplings for Hyundai Motor Group.[13]

In July 2021, LG and Magna Powertrain formed a LG majority (51%-49%) joint venture to establish LG Magna e-Powertrain in Incheon, South Korea. The goal of the joint venture is to manufacture electric motors, inverters, on-board chargers and other "e-drive systems."[14]

References[]

  1. ^ a b Auer, Georg (April 19, 2004). "Magna creates drivetrain division". Automotive News.{{cite web}}: CS1 maint: url-status (link)
  2. ^ "NOTICE OF SPECIAL MEETING OF HOLDERS OF CLASS A SUBORDINATE VOTING SHARES". U.S. Securities and Exchange Commission. Retrieved 2021-12-11.{{cite web}}: CS1 maint: url-status (link)
  3. ^ World-77, Auto Service (2004-05-18). "Magna Acquires New Venture Gear from DaimlerChrysler Corporation". Auto Service World. Retrieved 2021-12-11.
  4. ^ "Our History". Magna. Retrieved 2021-12-11.
  5. ^ Keenan, Greg (2004-10-26). "Magna reverses strategy, plans to take parts subsidiaries private". The Globe and Mail. Retrieved 2021-12-11.
  6. ^ "Magna will become major transmission player with Getrag acquisition". Automotive News Europe. 2015-07-16. Retrieved 2021-12-11.
  7. ^ a b Sharman, Andy (2015-07-16). "Magna International snaps up Getrag for €1.75bn". Financial Times. Retrieved 2021-12-11.
  8. ^ "Form 40-F MAGNA INTERNATIONAL INC For: Dec 31". StreetInsider.com. Retrieved 2021-12-11.
  9. ^ a b c "Facts & Figures". Magna. Retrieved 2021-12-11.
  10. ^ a b "Magna Powertrain". Magna. Retrieved 2021-12-11.
  11. ^ "Magna Powertrain and Amtek Establish Joint Venture in India". Powertransmission.com. Retrieved 2016-04-10.
  12. ^ "India: Magna Powertrain and Rico Auto sign joint venture agreement". Automotive World. Retrieved 2016-04-10.
  13. ^ "Magna Powertrain Inc.: Private Company Information - Businessweek". Investing.businessweek.com. Retrieved 2016-04-10.
  14. ^ "LG And Magna Officially Launch LG Magna e-Powertrain". InsideEVs. Retrieved 2021-12-11.

External links[]

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