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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.

Magna Powertrain Inc.
FormerlyMagna Drivetrain
Company typePrivately held company
IndustryAutomotive
Predecessor
FoundedApril 18, 2004; 20 years ago (2004-04-18)
Headquarters
Troy, Michigan
Area served
Worldwide
Products
Services
ParentMagna International
WebsiteMagna Powertrain

History

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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

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Major customers include:[10]

Products

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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

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Manufacturing plants

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

Canada

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Mexico

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United States

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Austria

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France

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Germany

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Italy

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Slovakia

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China

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India

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South Korea

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Offices

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

France

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Germany

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China

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India

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Japan

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South Korea

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Joint ventures

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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

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  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. ^ a b 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. ^ a b c "Facts & Figures". Magna. Retrieved 2021-12-11.
  12. ^ a b "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.
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