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MGA Magna International Inc

46.37
-0.33 (-0.71%)
Last Updated: 16:16:15
Delayed by 15 minutes
Share Name Share Symbol Market Type
Magna International Inc NYSE:MGA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.33 -0.71% 46.37 47.70 46.33 47.26 644,965 16:16:15

Tow Like a Pro with Magna's Trailer Angle Detection System

14/12/2017 2:15pm

PR Newswire (Canada)


Magna (NYSE:MGA)
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  • Technology named a 2018 Automotive News PACE Awards finalist
  • Provides the foundation for trailer assist systems in Ford F-Series pickups
  • Makes backing up with a trailer safer and more convenient

AURORA, ON, Dec. 14, 2017 /CNW/ - At work or play, trailer angle detection technology from Magna helps drivers tow like a pro. The electronic driver assistance system, available on Ford F-Series pickup trucks, has been named a finalist for the 2018 Automotive News PACE Awards.

Trailer angle detection from Magna makes backing up with a trailer safer and more convenient. The technology is a finalist in the 2018 Automotive News PACE Awards, which recognize top innovations from automotive suppliers. (CNW Group/Magna International Inc.)

Magna's technology provides the foundation and enables the Trailer Reverse Guidance and Pro-Trailer Backup Assist systems jointly developed by Magna and Ford.

Image-processing software determines the angle between truck and trailer and provides the most appropriate view to the driver, depending on the trailer's trajectory. High-resolution cameras and color-coded diagrams of the truck help warn the driver of potential jackknife conditions. Additional technology shows the driver the required steering wheel movement for reversing in a straight line.

"Ford approached Magna to develop a solution for customers for whom trailering and towing is a priority," said Swamy Kotagiri, Chief Technology Officer at Magna. "We are proud to support Ford with this innovation to make trailering safer and more convenient, and for this recognition as a PACE Award finalist."

The Magna camera-and-software technology helps make Ford's F-Series trailer assist systems exclusive in the pickup truck segment and best-in-class for any vehicle segment. Magna and Ford have multiple patents on the trailer angle detection and guidance technology.

The Automotive News PACE Awards celebrate automotive suppliers' innovations in products, manufacturing processes and information technology. PACE Award winners will be announced at the 24th annual Automotive News PACE Awards ceremony on April 9, 2018, in Detroit, Mich.

TAGS
Trailer angle detection, towing and trailering, electronic trailer assist

ABOUT MAGNA
We are a leading global automotive supplier with 328 manufacturing operations and 99 product development, engineering and sales centres in 29 countries. We have over 163,000 employees focused on delivering superior value to our customers through innovative products and processes, and world class manufacturing. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, vision, closure and roof systems and have electronic and software capabilities across many of these areas. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at www.magna.com.

THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE "FORWARDLOOKING STATEMENTS" UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT MAGNA PUTS A NEW TWIST ON WELDING CONNECT WITH MAGNA ARE SET OUT IN MAGNA'S REGULATORY FILINGS. PLEASE REFER TO MAGNA'S MOST CURRENT MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA'S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA'S WEBSITE AT WWW.MAGNA.COM.

SOURCE Magna International Inc.

Copyright 2017 Canada NewsWire

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