North American college students can win trips
to CES 2016, cash prizes
AURORA, ON, Oct. 22, 2015 /PRNewswire/ - Magna
International Inc., one of the world's largest global automotive
parts suppliers, is tapping into the brain power of today's youth
through its student innovation challenge.
Magna is asking college students to answer questions such as:
What features will the car of 2030 have? What will it look like?
How will it perform? Students attending a college or university in
Canada, Mexico or the United
States are invited to submit their ideas at
http://www.magna.com/studentinnovationchallenge by November 15, 2015, for a chance to attend CES
2016 in Las Vegas and compete in a
team innovation competition with a total prize purse of
$30,000.
"We look forward to hearing new ideas from the next generation
of engineers, entrepreneurs and consumers, and we are excited to
both mentor and learn from them," said Swamy Kotagiri, Magna's Chief Technology
Officer. "CES showcases the latest automotive technologies in key
areas such as autonomous driving, vehicle-to-vehicle communication
and cybersecurity, and it provides the ideal forum to inspire
students as they compete in our innovation challenge."
To apply, students must submit a 500-word essay describing their
idea along with three additional pages of supporting material.
Entries will be judged on innovation and creativity, feasibility,
and benefits/improvements to the consumer experience.
Nine finalists will travel to Las
Vegas as guests of Magna at CES 2016 where they will form
teams to compete in the three-day innovation challenge. During the
challenge, students will have an opportunity to network with
industry leaders, engage in hands-on discussions with Magna's
R&D team, and experience the largest consumer electronics show
in the world. The challenge results will be announced on
Friday, January 8, 2016, at Magna's
booth in the North Hall of the Las
Vegas Convention Center.
About Magna International
We are a leading global
automotive supplier with 287 manufacturing operations and 81
product development, engineering and sales centres in 29 countries.
We have approximately 124,000 employees focused on delivering
superior value to our customers through innovative products,
processes and World Class Manufacturing. Our product capabilities
include producing body, chassis, 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.
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.