Magna Wins Three Innovation Awards From SPE Europe

• Lightweight, recyclable thermoplastic liftgate takes top spot in body exteriors category
• Carbon fiber subframe wins first place in chassis category
• Thin wall torsional welding process wins enabling technology category

SAILAUF, Germany, July 17, 2018 (GLOBE NEWSWIRE) -- Magna collected three first-place awards at the 2018 Society of Plastics Engineers (SPE) Automotive Awards gala held on July 6 in Dusseldorf, Germany. In recognition of its innovative lightweighting efforts enabled by advanced materials, Magna's thermoplastic liftgate for the 2019 Jeep Cherokee won the body exterior category; its carbon fiber subframe prototype won the chassis category; and its torsional welding joining process won in the enabling technology category.

"SPE clearly recognizes the importance of lightweighting innovations in today's automotive manufacturing environment," said Magna Exteriors President Grahame Burrow. "We appreciate this recognition and look forward to bringing automakers more new products and processes to help them meet their goals."

Lightweight, fully recyclable, composite liftgates, like those found on all 2019 Jeep Cherokees, are particularly beneficial as demand for crossover and sport utility vehicles remains high globally. These liftgate modules achieve up to 25 percent mass savings over steel versions and are delivered as complete assemblies to the customer. Composite materials allow for greater design flexibility with deeper draws and tighter radii. Additional benefits of Magna's full-system assembly and delivery approach include reduced complexity of the total liftgate module, lower tooling investment and increased throughput at the assembly plant.

The carbon fiber subframe is the result of an ongoing joint R&D project with Ford Motor Company. The prototype subframe achieves an 82 percent part reduction by replacing 45 steel parts with two molded parts and six steel parts, as well as a 34 percent mass savings compared to a subframe made of stamped steel. Vehicle-level testing is currently underway.

Torsional welding joins plastic brackets to thermoplastic fascia with a high-speed twisting motion that creates enough friction-based heat to meld them together. Working with a technology partner, Magna became the first to use torsional welding for automotive fascia. The process is currently used for the front fascia of the 2017 Skoda Octavia in Europe, and there are plans to use it soon in the North American market.

TAGS
Automotive exterior systems, liftgates, composites, welding

INVESTOR CONTACT
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ABOUT MAGNA
We have more than 172,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a mobility technology company and one of the world's largest automotive suppliers with 340 manufacturing operations and 93 product development, engineering and sales centres in 28 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.

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