TROY, MI,
Sept. 2, 2014 /CNW/ - Magna
International Inc. has reached a production milestone at its
electronics facility in Holly,
Michigan, where the 10 millionth automotive rearview camera
was recently manufactured.
With more than 130,000 square feet of engineering and
manufacturing space and approximately 390 employees, Magna
Electronics Holly is the only rearview camera maker in the United States and the North American
market leader in automotive camera manufacturing. Serving many of
the world's leading auto makers, Holly ships its cameras to 47 different
locations in North and South
America, Europe and
Asia. It began manufacturing
cameras in 2005 and has steadily increased its annual output as
rearview monitors and other camera-based driver assistance systems
have grown in popularity.
The Holly operation also serves
as the global incubator for Magna's camera products and the
manufacturing expertise required to make them. Since establishing
its camera-manufacturing template in Holly, Magna has duplicated the processes and
equipment in its facilities in Germany and China to achieve consistently high quality and
the ability to support customers on a global basis.
"This milestone is a testament to our innovative spirit and
commitment to world-class manufacturing," said Olaf Bongwald, Vice
President Magna Electronics. "As
driver assistance technologies continue to expand globally, Magna
looks forward to sustained market leadership and future production
milestones."
Earlier this year, the U.S. National Highway Traffic Safety
Administration ("NHTSA") adopted a rule mandating rear visibility
technology in all vehicles under 10,000 lbs. manufactured on or
after May 1, 2018. Since rearview
cameras offer auto makers a cost-effective and reliable way to
comply with the recent NHTSA rule, Magna expects to realize
additional opportunities to further enhance its leadership position
in this product area.
Magna's complete portfolio of camera and driver assistance
systems includes rearview, side-view and front-facing cameras that
support systems such as adaptive cruise control, collision
mitigation braking, 360° bird's-eye view and automated parking.
"With engineering and manufacturing teams in the U.S.,
Germany and China, Magna is uniquely positioned to support
our global customers with our innovative camera technology," said
Swamy Kotagiri, Magna's Chief
Technical Officer. "Cameras are a highly flexible sensor to include
in an automobile - once we have one or more cameras in place, there
are many natural applications for driver assistance and safety that
enhance the driving experience."
Magna Electronics Holly was recognized last month by the I-69
Next Michigan Development Corporation for job creation and the
positive impact the facility has made on mid-Michigan.
About Magna International
We are a leading global automotive supplier with 317
manufacturing operations and 83 product development, engineering
and sales centres in 29 countries. We have over 130,000 employees
focused on delivering superior value to our customers through
innovative products and processes, and World Class Manufacturing.
Our product capabilities include producing body, chassis, interior,
exterior, seating, powertrain, electronic, vision, closure and roof
systems and modules, as well as complete vehicle engineering and
contract manufacturing. 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.
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SOURCE Magna International Inc.
Image with caption: "Magna recently manufactured its 10
millionth rearview camera since starting in 2005. Magna's
electronics plant in Holly, Mich.,
is the only rearview camera maker in the
United States. (CNW Group/Magna International Inc.)". Image
available at:
http://photos.newswire.ca/images/download/20140902_C8303_PHOTO_EN_42595.jpg