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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Magna International Inc | TSX:MG | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.71 | -1.21% | 57.97 | 57.88 | 58.01 | 58.09 | 56.76 | 58.00 | 842,191 | 21:14:58 |
AURORA, ON, Jan. 2, 2018 /PRNewswire/ - Magna, a technology company and one of the world's largest suppliers to the automotive industry, will showcase key products in electrification, autonomy and mobility during CES 2018.
At the Magna booth, #7506 in North Hall LVCC, attendees will get an interactive glimpse into the car of the future in two ways:
In addition, the company will showcase its latest electrification technology through its e1 demonstration concept vehicle. The e1 consists of one integrated e-drive system on the front axle and one on the rear axle with two electric motors (e-motors) providing superior longitudinal and lateral dynamics combined with excellent vehicle stability for more safety.
"Magna is a company of entrepreneurial-minded people dedicated to developing mobility solutions that will change the way the world moves," said Swamy Kotagiri, Magna's Chief Technology Officer. "At CES 2018, we will demonstrate why Magna is an ideal partner for the industry's autonomy, electrification and new mobility needs."
Magna also comes to CES ready to vet new partners. The company has already partnered with universities (including MIT, Stanford, etc.), technology companies, incubators and start-ups to identify and auto-qualify new technologies. In the past 12 months, Magna has scanned more than 800 companies and entered proof-of-concept stage with more than 30 start-ups.
Visit Magna's booth at CES, #7506 in the North Hall LVCC from Jan. 9-12, 2018. For more information on Magna and its capabilities please visit www.magna.com.
TAGS
CES, virtual reality, mobility, car of the future, mixed reality, electrification, autonomy, start-ups, partnerships
ABOUT MAGNA
We have more than 163,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a technology company and one of the world's largest automotive suppliers with 328 manufacturing operations and 99 product development, engineering and sales centres in 29 countries. Our competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit www.magna.com.
THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE "FORWARD-LOOKING STATEMENTS" UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT 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 2018 PR Newswire
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