Magna Illuminates the Future of Styling With Breakthrough Lighting
June 02 2022 - 8:00AM
Exterior lighting is increasingly becoming a central styling
differentiator while helping to improve safety through greater
visibility. Magna’s Breakthrough Lighting solution featured on the
thermoplastic liftgate known as Litgate, combines the company’s
expertise in exteriors and lighting and offers new ways to
personalize and allow consumers to interact with their vehicles.
Magna plans to have the technology ready for production in 2023.
“Magna’s Breakthrough Lighting enables increased design freedom
and features more options for brand differentiation that can
elevate our customers’ experiences,” said Grahame Burrow, Global
President of Magna Exteriors. “As the industry builds significant
momentum around electrified and autonomous vehicles, we expect more
desire for developments like this that are seamlessly integrated
into exterior surfaces.”
Magna’s competitive advantage is its ability to create solutions
leveraging a full-systems approach. Uniting Magna’s in-house
capabilities in exteriors and lighting early in the vehicle
development and design process creates synergies that allow for
more holistic product development.
Breakthrough Lighting enhances the overall appearance as well as
function of lighting by refining communication between the user,
the vehicle and its surroundings including key differentiators such
as:
- Breakthrough hidden-until-lit light
effects
- Communicative, functional and
decorative lighting
- Molded-in styling features and
intricate textured surfaces
- Extensive color palette available,
programmable to customer spec
Breakthrough Lighting technology is applicable on thermoplastic
material surfaces including polycarbonate and thermoplastic
polyolefins. Through materials, coatings and processing
advancement, the desired lighting effects are achievable on various
exterior panels.
Magna offers its customers a wide choice of lighting solutions,
each with specific characteristics that are designed to help
achieve striking and captivating brand identities. For more
information on our lighting solutions, please click here.
TAGSBreakthrough Lighting, LitGate, liftgate, vehicle exteriors,
thermoplastics, ADAS, sensors, design
INVESTOR CONTACTLouis Tonelli, Vice-President, Investor
Relations louis.tonelli@magna.com, 905.726.7035
MEDIA CONTACTTracy Fuerst, Vice President, Corporate
Communications & PRtracy.fuerst@magna.com, 248-761-7004
ABOUT MAGNAMagna is more than one of the world’s largest
suppliers in the automotive space. We are a mobility technology
company with a global, entrepreneurial-minded team of over 161,000
employees and an organizational structure designed to innovate like
a startup. With 60+ years of expertise, and a systems approach to
design, engineering and manufacturing that touches nearly every
aspect of the vehicle, we are positioned to support advancing
mobility in a transforming industry. Our global network includes
340 manufacturing operations and 89 product development,
engineering and sales centres spanning 28 countries.
For further information about Magna [(NYSE:MGA; TSX:MG)], please
visit www.magna.com or follow us on Twitter @MagnaInt.
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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ccba3a86-663b-48e1-a4f7-b5f60f9b5ba5
Magna (TSX:MG)
Historical Stock Chart
From Oct 2024 to Nov 2024
Magna (TSX:MG)
Historical Stock Chart
From Nov 2023 to Nov 2024