 | |
| Formerly | Magna Drivetrain |
|---|---|
| Company type | Privately held company |
| Industry | Automotive |
| Predecessor |
|
| Founded | April 18, 2004; 21 years ago (2004-04-18) |
| Headquarters | |
Area served | Worldwide |
| Products | |
| Services |
|
| Parent | Magna International |
| Website | Magna Powertrain |
Magna Powertrain is a major American manufacturer oftransmission anddrivetrain systems owned byMagna International. It was formed from multiple subsidiaries and acquisitions. In addition to producing transmission systems and drivetrain systems, they also providemetal-forming and engineering services.
In 1988, Magna formedTesma 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, foundedMagna 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 calledMagna Drivetrain, to focus on engineering and assembly of chassis, driveline subsystems, and modules. Magna stated the new company would better address the growing importance ofall-wheel drive powertrains.[2] In September 2004,[3] Magna acquired the global operations ofNew Venture Gear fromDaimlerChrysler 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 acquiredGetrag, 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]
Major customers include:[10]
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 hybridtransmissions formerly produced by Getrag.[9] The driveline systems group producesfour-wheel drive andall-wheel drivedriveline systems. They produce transverse and longitudinal drivetrain layouts for a variety of vehicle types.[11] The company also has ametal-forming group and an engineering services group.[11]
Magna Powertrain has manufacturing plants inCanada,Mexico, theUnited States,Austria,France,Germany,Italy,Slovakia,China,India, andSouth Korea.[12]
Magna Powertrain also has offices not located within a manufacturing plant in France, Germany, China, India, Japan, South Korea.[12]
In November 2006, Magna Powertrain and Amtek Auto Ltd. signed a 50-50 joint venture to establish a manufacturing facility outside ofNew 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 inGurgaon. 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 inAsan, Korea. The facility produces and supplies all-wheel-drive couplings forHyundai Motor Group.[15]
In July 2021,LG and Magna Powertrain formed a LG majority (51%-49%) joint venture to establish LG Magna e-Powertrain inIncheon, South Korea. The goal of the joint venture is to manufacture electric motors, inverters, on-board chargers and other"e-drive systems."[16]
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