News Release - Magna Produces Ten Millionth Rearview Camera in Holly, Michigan
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
"This milestone is a testament to our innovative spirit and commitment
to world-class manufacturing," said Olaf Bongwald, Vice President
Earlier this year, the
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.,
Magna Electronics Holly was recognized last month by the
About
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
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
Image with caption: "Magna recently manufactured its 10 millionth rearview camera since starting in 2005. Magna's electronics plant in
Tracy Fuerst
Director, Corporate Communications & Media Relations
(248) 631-5396
tracy.fuerst@magna.com