Magna Powertrain

Last updated
Magna Powertrain Inc.
FormerlyMagna Drivetrain
Company type Privately held company
Industry Automotive
Predecessor
FoundedApril 18, 2004;20 years ago (2004-04-18)
Headquarters
Troy, Michigan
Area served
Worldwide
Products
Services
Parent Magna International
Website Magna Powertrain

Magna Powertrain is a major American manufacturer of transmission and drivetrain systems owned by Magna International. It was formed from multiple subsidiaries and acquisitions. In addition to producing transmission systems and drivetrain systems, they also provide metal-forming and engineering services.

Contents

History

In 1988, Magna formed Tesma International to manufacture engine and transmission parts. Tesma was spun off into a public company in 1995 while retaining affiliation with Magna. [1]

In 2001, founded Magna Steyr (through an acquisition), to engineer, develop and assemble automobiles for other companies on a contractual basis. In April 2004, Magna transferred the powertrain operations of Magna Steyr to a new subsidiary called Magna Drivetrain, to focus on engineering and assembly of chassis, driveline subsystems, and modules. Magna stated the new company would better address the growing importance of all-wheel drive powertrains. [2] In September 2004, [3] 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. [4]

Tesma was privatized again by Magna in December 2004. [5] [6] In 2005, Magna merged Magna Drivetrain with Tesma to form Magna Powertrain. [7] In July 2015 Magna Powertrain acquired Getrag, a major transmission manufacturer, for $1.9 billion. [8] The acquisition gave Magna Powertrain access to Getrag's transmission systems, including recent hybrid designs. [9]

Customers

Major customers include: [10]

Products

Magna Powertrain is divided into two manufacturing group, their transmission systems and their driveline systems groups. [11] 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. [9] 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. [11] The company also has a metal-forming group and an engineering services group. [11]

Locations

Manufacturing plants

Magna Powertrain has manufacturing plants in Canada, Mexico, the United States, Austria, France, Germany, Italy, Slovakia, China, India, and South Korea. [12]

Canada

Mexico

United States

Austria

France

Germany

Italy

Slovakia

China

India

South Korea

Offices

Magna Powertrain also has offices not located within a manufacturing plant in France, Germany, China, India, Japan, South Korea. [12]

France

Germany

China

India

Japan

South Korea

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. [13] 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. [14]

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. [15]

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." [16]

Related Research Articles

<span class="mw-page-title-main">Magna International</span> Canadian automotive supplier

Magna International Inc. is a Canadian parts manufacturer for automakers. It is one of the largest companies in Canada and was recognized on the 2020 Forbes Global 2000. The company is the largest automobile parts manufacturer in North America by sales of original equipment parts; it has ranked consistently in the Fortune Global 500 list for 20 years in a row since 2001. It produces automotive systems, assemblies, modules, and components, which are supplied to General Motors, Ford and Stellantis, as well as BMW, Mercedes, Volkswagen, Toyota, Tesla, and Tata Motors, among others.

<span class="mw-page-title-main">Marelli Europe</span> Italian manufacturer of automotive components

Marelli Europe S.p.A. is a European subsidiary of Marelli Holdings which develop and manufactures the components for the automotive industry. The firm is headquartered in Corbetta, Italy, and includes 86 manufacturing plants, 12 R&D centres, and 26 application centers in 19 countries, with 43,000 employees and a turnover of 7.9 billion euro in 2016.

<span class="mw-page-title-main">Chrysler minivans</span> Motor vehicle platform

The Chrysler minivans are a series of minivans that have been produced and marketed by the American automaker Chrysler since the 1984 model year. Currently in its sixth generation, the model line is marketed worldwide, primarily in North America and Europe. Introduced as the Dodge Caravan and Plymouth Voyager, the Chrysler minivans have been marketed under a variety of nameplates under the Chrysler, Plymouth, Dodge, and Ram brands; through the use of rebadging, the model line has also been marketed under the Lancia and Volkswagen brands.

<span class="mw-page-title-main">Tata Motors</span> Indian multinational automobile manufacturing company

Tata Motors Limited is an Indian multinational automotive company, headquartered in Mumbai and part of the Tata Group. The company produces cars, trucks, vans, and buses.

<span class="mw-page-title-main">Powertrain</span> System that powers a motor vehicle

In a motor vehicle, the powertrain comprises the main components that generate power and deliver that power to the road surface, water, or air. This includes the engine, transmission, drive shafts, differentials, and the final drive. Hybrid powertrains also include one or more electric traction motors that operate to drive the vehicle wheels. All-electric vehicles eliminate the engine altogether, relying solely on electric motors for propulsion. Occasionally the term powerplant is casually used to refer to the engine or, less often, the entire powertrain.

Getrag, stylized as GETRAG, was a major supplier of transmission systems for passenger cars and commercial vehicles. The company was founded on 1 May 1935, in Ludwigsburg, Germany, by Hermann Hagenmeyer; as the Getriebe und Zahnradfabrik Hermann Hagenmeyer GmbH & Cie KG.

<span class="mw-page-title-main">ZF Friedrichshafen</span> German car parts maker

ZF Friedrichshafen AG, also known as ZF Group, originally Zahnradfabrik Friedrichshafen, and commonly abbreviated to ZF, is a German technology manufacturing company that supplies systems for passenger cars, commercial vehicles and industrial technology. It is headquartered in Friedrichshafen, in the south-west German state of Baden-Württemberg. Specializing in engineering, it is primarily known for its design, research and development, and manufacturing activities in the automotive industry and is one of the largest automotive suppliers in the world. Its products include driveline and chassis technology for cars and commercial vehicles, along with specialized plant equipment such as construction equipment. It is also involved in the rail, marine, defense and aviation industries, as well as general industrial applications. ZF has 162 production locations in 31 countries with approximately 168,700 (2023) employees.

Global Hybrid Cooperation, formerly Advanced Hybrid System 2 (AHS2), is a set of hybrid vehicle technologies jointly developed by General Motors, Daimler, and Chrysler LLC, with BMW joining in 2005. It uses 2 or 3 planetary gearsets in an automatic transmission: one on the internal combustion engine (ICE) side paired with a second, forming the compound split, and possibly one third additional planetary gearset to multiply the number of fixed gear ratios. General Motors has stopped using the "AHS2" name as of 2006, preferring to call it simply a two-mode hybrid system.

<span class="mw-page-title-main">Aisin</span> Japanese corporation that develops components and systems for the automotive industry

Aisin Corporation is a Japanese corporation that develops and produces components and systems for the automotive industry. Aisin is a Fortune Global 500 company, ranked 359 on the 2020 rankings. Aisin is a member of the Toyota Group of companies.

<span class="mw-page-title-main">Dodge Caliber</span> Motor vehicle

The Dodge Caliber is a compact hatchback manufactured and marketed by Chrysler's Dodge division from the 2007 through 2012 model years, replacing the Dodge Neon and Chrysler PT Cruiser.

BorgWarner Inc. is an American automotive and e-mobility supplier headquartered in Auburn Hills, Michigan. As of 2022, the company maintains production facilities and sites at 92 locations in 24 countries, and generates revenues of US$15.8 billion, while employing around 52,000 people. The company is one of the 25 largest automotive suppliers in the world.

New Venture Gear was an automobile and light truck transmission company that was started in 1990 as the first-ever joint venture between any of the Big Three U.S. automakers. General Motors and Chrysler Corporation were the participants. Operation and management of Chrysler's New Process Gear plant in Syracuse, New York, and GM's underutilized Hydramatic transmission plant in Muncie, Indiana, were shifted to New Venture Gear Company.

<span class="mw-page-title-main">PACE Award</span> Annual Automotive News award

The PACE Award is an annual award from Automotive News. The focus of the award is an innovation (i) developed primarily by a supplier, (ii) that is new to the automotive industry, (iii) that is in use, and (iv) that "changes the rules of the game". Awards have been given for products, materials, processes, capital equipment, software and services. A panel of independent judges from industry, finance, research, and academia choose finalists from the initial applicants, make site visits to evaluate the innovation, and then gather to select winners, independent of the sponsors. Winners to date include suppliers from Japan, Korea, China, the US, Canada, Brazil, Germany, France, Italy, Poland and other European countries. Among the most awarded companies over the years are BorgWarner, Delphi Automotive, Federal-Mogul, Valeo and PPG Industries as well as Robert Bosch GmbH, Gentex Corporation, and Siemens.

<span class="mw-page-title-main">NTN Corporation</span> Japanese manufacturer of bearings

NTN Corporation is one of the most prominent manufacturers of bearings in Japan, second domestically only to NSK Ltd. The company is one of the largest exporters worldwide of friction-reducing products, such as constant-velocity joints.

<span class="mw-page-title-main">GKN Automotive</span> Manufacturer of driveline components

GKN Automotive is a multinational manufacturer of driveline components, all-wheel drive systems and plug-in hybrid systems for the automotive industry.

<span class="mw-page-title-main">Drivetrain</span> Group of components that deliver power to the driving wheels

A drivetrain or transmission system, is the group of components that deliver mechanical power from the prime mover to the driven components. In automotive engineering, the drivetrain is the components of a motor vehicle that deliver power to the drive wheels. This excludes the engine or motor that generates the power. In marine applications, the drive shaft will drive a propeller, thruster, or waterjet rather than a drive axle, while the actual engine might be similar to an automotive engine. Other machinery, equipment and vehicles may also use a drivetrain to deliver power from the engine(s) to the driven components.

<span class="mw-page-title-main">Fiat 124 Spider (2016)</span> Motor vehicle

The Fiat 124 Spider, is a front-engine, rear-drive, two-passenger roadster manufactured by Mazda for FCA over a single generation. The 124 debuted at the 2015 LA Auto Show for model year 2016, with production reaching just over 41,000 for model years 2016-2020.

<span class="mw-page-title-main">Stellantis</span> Multinational automotive manufacturing corporation

Stellantis N.V. is a multinational automotive manufacturing corporation formed from the merger in 2021 of the Italian–American conglomerate Fiat Chrysler Automobiles (FCA) and the French PSA Group. The company headquarters is in Hoofddorp, Netherlands.

References

  1. ↑ "TESMA INTERNATIONAL INC. NOTICE OF SPECIAL MEETING OF HOLDERS OF CLASS A SUBORDINATE VOTING SHARES". SEC.gov. January 10, 2005.
  2. ↑ Auer, Georg (April 19, 2004). "Magna creates drivetrain division". Automotive News .
  3. ↑ "NOTICE OF SPECIAL MEETING OF HOLDERS OF CLASS A SUBORDINATE VOTING SHARES". U.S. Securities and Exchange Commission . Retrieved 2021-12-11.
  4. ↑ World-77, Auto Service (2004-05-18). "Magna Acquires New Venture Gear from DaimlerChrysler Corporation". Auto Service World. Retrieved 2021-12-11.{{cite web}}: CS1 maint: numeric names: authors list (link)
  5. ↑ "Magna and Tesma announce agreement for privatization of Tesma". www.theautochannel.com. Retrieved 2023-01-12.
  6. ↑ Keenan, Greg (2004-10-26). "Magna reverses strategy, plans to take parts subsidiaries private". The Globe and Mail . Retrieved 2021-12-11.
  7. ↑ "Our History". Magna. Retrieved 2021-12-11.
  8. ↑ "Magna will become major transmission player with Getrag acquisition". Automotive News Europe. 2015-07-16. Retrieved 2021-12-11.
  9. 1 2 Sharman, Andy (2015-07-16). "Magna International snaps up Getrag for €1.75bn". Financial Times. Retrieved 2021-12-11.
  10. ↑ "Form 40-F MAGNA INTERNATIONAL INC For: Dec 31". StreetInsider.com. Retrieved 2021-12-11.
  11. 1 2 3 "Facts & Figures". Magna. Retrieved 2021-12-11.
  12. 1 2 "Magna Powertrain". Magna. Retrieved 2021-12-11.
  13. ↑ "Magna Powertrain and Amtek Establish Joint Venture in India". Powertransmission.com. Retrieved 2016-04-10.
  14. ↑ "India: Magna Powertrain and Rico Auto sign joint venture agreement". Automotive World. Retrieved 2016-04-10.
  15. ↑ "Magna Powertrain Inc.: Private Company Information - Businessweek". Investing.businessweek.com. Archived from the original on September 30, 2012. Retrieved 2016-04-10.
  16. ↑ "LG And Magna Officially Launch LG Magna e-Powertrain". InsideEVs. Retrieved 2021-12-11.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.