Magna Announces Second Quarter Results

Sales of $10.1 billion decreased 1%, compared to global light vehicle production down 6%Excluding foreign currency translation and divestitures net of acquisitions, sales up 5% with each segment outpacing global light vehicle productionCash provided from operating activities of $920 millionReturned $519 million to shareholders through share repurchases and dividendsOutlook largely unchangedAURORA, Ontario, Aug. 08, 2019… Continue reading Magna Announces Second Quarter Results

Magna Grows Seat Business With New Ohio Facility

Plant to make seat structures150,000-square-foot facility, $60 million initial investmentMarks Magna’s 5th manufacturing plant in OhioTROY, Mich., July 30, 2019 (GLOBE NEWSWIRE) — Magna has won new seating business in North America with a global automaker and will supply seat structures from a new manufacturing facility in Lancaster, Ohio.The company held a groundbreaking ceremony today… Continue reading Magna Grows Seat Business With New Ohio Facility

07/30/2019Changes to the MAHLE Management Board

Changes to the MAHLE Management Board

Stuttgart/Germany, July 30, 2019 – The MAHLE Group is adding a new business unit for electronics and mechatronics, thereby further developing its strategic orientation toward alternative powertrain technologies. Corresponding changes to the MAHLE Management Board will be effective as of January 1, 2020.

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Press release [PDF; 50 KB]Press picture [JPG; 1664 KB]CV Martin Weidlich [PDF; 31 KB] New business unit for electronics and mechatronicsStrategic orientation toward new powertrain technologiesWilhelm Emperhoff to take on new business unitMartin Weidlich to join the MAHLE Management Board“In taking this step, we’re actively reinforcing our innovative strength in the field of alternative drives,” says Prof. Dr. Heinz K. Junker, Chairman of the Supervisory Board of MAHLE GmbH. MAHLE has concentrated all its electrics and electronics activities in its Mechatronics division, which has grown significantly in the last few years. “By transferring these activities into a business unit and combining it with the product areas of compressors and pumps for strategic purposes, we are focusing all our efforts on further growth and the ongoing development of our product portfolio for the mobility of the future,” adds Dr. Jörg Stratmann, CEO of the MAHLE Group.
Wilhelm Emperhoff (57), who is currently responsible for the Filtration and Engine Peripherals business unit, the Mechatronics division, and the Pumps profit center on the Management Board, has been appointed as head of the new business unit. In the future, this segment will include the present Mechatronics division, the Compressors profit center, and the Pumps profit center.
Martin Weidlich (48) was appointed by the Supervisory Board to succeed Wilhelm Emperhoff as the head of the Filtration and Engine Peripherals business unit and as a new Member of the MAHLE Management Board. Both of these personnel changes will be effective as of January 1, 2020.
Wilhelm EmperhoffWilhelm Emperhoff, born on October 26, 1961, in Regensburg/Germany, graduated as an electronic engineer from Regensburg University of Applied Sciences in 1987. From 1989, he worked in various roles at Siemens Automotive before moving to Continental AG in 2007 to become Executive Vice President of the Gasoline Systems business unit. He served as the Chief Executive Officer of Behr-Hella Thermocontrol GmbH between 2009 and 2012, and has been a Member of the MAHLE Management Board since October 2012.
Martin WeidlichMartin Weidlich was born in Cologne/Germany on March 5, 1971. Weidlich is a graduate industrial engineer (Dipl.-Wirt.-Ing., FH) and began his career at the Ford Motor Company in 1991. In January 2001, he moved to Getrag Magna Powertrain (formerly Getrag) where he held numerous positions, ultimately acting as Vice President Research & Development and Director Core Engineering from 2010 to 2013. Martin Weidlich joined Benteler Automobiltechnik in January 2014, and is currently the company’s Executive Vice President Western Europe.
About MAHLEMAHLE is a leading international development partner and supplier to the automotive industry as well as a pioneer for the mobility of the future. The MAHLE Group is committed to making transportation more efficient, more environmentally friendly, and more comfortable by continuously optimizing the combustion engine, driving forward the use of alternative fuels, and laying the foundation for the worldwide introduction of e-mobility. The group’s product portfolio addresses all the crucial issues relating to the powertrain and air conditioning technology—both for drives with combustion engines and for e-mobility. MAHLE products are fitted in at least every second vehicle worldwide. Components and systems from MAHLE are also used off the road—in stationary applications, for mobile machinery, rail transport, as well as marine applications.
In 2018, the group generated sales of approximately EUR 12.6 billion with more than 79,000 employees and is represented in over 30 countries with 160 production locations. At 16 major research and development centers in Germany, Great Britain, Luxembourg, Spain, Slovenia, the USA, Brazil, Japan, China, and India, more than 6,100 development engineers and technicians are working on innovative solutions for the mobility of the future.
For further information, contact:MAHLE GmbH
Ruben Danisch
Corporate Communications/Public Relations
Pragstraße 26–46
70376 Stuttgart/Germany
Phone: +49 711 501-12199
ruben.danisch@mahle.com

BAIC Selects Magna For Complete Electric Vehicle Manufacturing

Magna to produce up to 180,000 electric vehicles per year in China for BAIC, starting in late 2020 The partnership between BAIC Group and Magna in China deepens as the two – with a blessing from the Zhenjiang government – agreed on a complete vehicle manufacturing joint venture. According to a framework agreement, Magna for… Continue reading BAIC Selects Magna For Complete Electric Vehicle Manufacturing

Magna, BAIC Group to establish JV for NEVs in East China

The joint venture marks Magna’s first investment in a complete vehicle manufacturing plant outside Europe.The joint venture will combine the company’s expertise in complete vehicle engineering and manufacturing with BAIC’s advantages in local manufacturing, marketing and distribution to support electric mobility in China, the world’s largest NEV market.China has been promoting the development of NEVs in recent years to help cut pollution.

Magna Celebrates the Signing of Its First Complete Vehicle Manufacturing Joint Venture in China

JV to have capacity of up to 180,000 vehicles per yearFirst production of electric vehicles planned to be launched in late 2020Capability to offer EV contract manufacturing services to other potential customersZHENJIANG, China, July 24, 2019 (GLOBE NEWSWIRE) — Today Magna, BAIC Group and the Zhenjiang government celebrated the signing of a framework agreement governing… Continue reading Magna Celebrates the Signing of Its First Complete Vehicle Manufacturing Joint Venture in China

Fast, efficient, reliable: Artificial intelligence in BMW Group Production

Munich, Germany. Artificial intelligence (AI) is on the rise in automotive production. Since 2018, the BMW Group has been using various AI applications in series production. One focus is automated image recognition: In these processes, artificial intelligence evaluates component images in ongoing production and compares them in milliseconds to hundreds of other images of the… Continue reading Fast, efficient, reliable: Artificial intelligence in BMW Group Production

Jaguar Plans In-House Battery Pack Production Capacity Of 150K / Year

Jaguar Land Rover announced the production of new electrified models, drive units and battery packs in the UK. Calls to build battery cell gigafactory. The official statement from Jaguar Land Rover says that the company is gearing up for the production of an entire range of electrified models in the UK. The first model confirmed for… Continue reading Jaguar Plans In-House Battery Pack Production Capacity Of 150K / Year