Magna Powertrain

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Magna Powertrain Inc.
FormerlyMagna Drivetrain
Company type
Privately held company
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Headquarters
Troy, Michigan
Area served
Worldwide
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ParentMagna International
WebsiteMagna Powertrain

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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.

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]

References

  1. ^ Page Module:Citation/CS1/styles.css has no content."TESMA INTERNATIONAL INC. NOTICE OF SPECIAL MEETING OF HOLDERS OF CLASS A SUBORDINATE VOTING SHARES". SEC.gov. January 10, 2005. Archived from the original on December 11, 2021. Retrieved December 11, 2021.
  2. ^ Page Module:Citation/CS1/styles.css has no content.Auer, Georg (April 19, 2004). "Magna creates drivetrain division". Automotive News. Archived from the original on December 11, 2021. Retrieved December 11, 2021.
  3. ^ Page Module:Citation/CS1/styles.css has no content."NOTICE OF SPECIAL MEETING OF HOLDERS OF CLASS A SUBORDINATE VOTING SHARES". U.S. Securities and Exchange Commission. Archived from the original on 2021-12-11. Retrieved 2021-12-11.
  4. ^ Page Module:Citation/CS1/styles.css has no content.World-77, Auto Service (2004-05-18). "Magna Acquires New Venture Gear from DaimlerChrysler Corporation". Auto Service World. Archived from the original on 2021-12-11. Retrieved 2021-12-11.{{cite web}}: CS1 maint: numeric names: authors list (link)
  5. ^ Page Module:Citation/CS1/styles.css has no content."Magna and Tesma announce agreement for privatization of Tesma". www.theautochannel.com. Retrieved 2023-01-12.
  6. ^ Page Module:Citation/CS1/styles.css has no content.Keenan, Greg (2004-10-26). "Magna reverses strategy, plans to take parts subsidiaries private". The Globe and Mail. Retrieved 2021-12-11.
  7. ^ Page Module:Citation/CS1/styles.css has no content."Our History". Magna. Archived from the original on 2021-12-11. Retrieved 2021-12-11.
  8. ^ Page Module:Citation/CS1/styles.css has no content."Magna will become major transmission player with Getrag acquisition". Automotive News Europe. 2015-07-16. Archived from the original on 2021-12-11. Retrieved 2021-12-11.
  9. ^ a b Page Module:Citation/CS1/styles.css has no content.Sharman, Andy (2015-07-16). "Magna International snaps up Getrag for €1.75bn". Financial Times. Archived from the original on 2021-12-11. Retrieved 2021-12-11.
  10. ^ Page Module:Citation/CS1/styles.css has no content."Form 40-F MAGNA INTERNATIONAL INC For: Dec 31". StreetInsider.com. Retrieved 2021-12-11.
  11. ^ a b c Page Module:Citation/CS1/styles.css has no content."Facts & Figures". Magna. Archived from the original on 2021-11-20. Retrieved 2021-12-11.
  12. ^ a b Page Module:Citation/CS1/styles.css has no content."Magna Powertrain". Magna. Retrieved 2021-12-11.
  13. ^ Page Module:Citation/CS1/styles.css has no content."Magna Powertrain and Amtek Establish Joint Venture in India". Powertransmission.com. Archived from the original on 2012-03-06. Retrieved 2016-04-10.
  14. ^ Page Module:Citation/CS1/styles.css has no content."India: Magna Powertrain and Rico Auto sign joint venture agreement". Automotive World. Archived from the original on 2011-09-30. Retrieved 2016-04-10.
  15. ^ Page Module:Citation/CS1/styles.css has no content."Magna Powertrain Inc.: Private Company Information - Businessweek". Investing.businessweek.com. Archived from the original on September 30, 2012. Retrieved 2016-04-10.
  16. ^ Page Module:Citation/CS1/styles.css has no content."LG And Magna Officially Launch LG Magna e-Powertrain". InsideEVs. Retrieved 2021-12-11.

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