News Release - Magna Partners with RocketSpace to Accelerate Automotive Innovation
- Collaboration supports growth of tech startups focusing on mobility
- Magna will provide mentoring to startups
- Outreach builds on Magna's open for business mindset
The Mobility Tech Accelerator Program is RocketSpace's third industry-focused accelerator program. As part of the program and as a corporate partner, Magna will be alongside companies such as BP,
"Our open for business mentality helps us stay at the forefront of emerging technologies and potentially validate them for automotive applications," said
RocketSpace has fueled corporate innovation programs with over 150 global brands by tapping into the ecosystem of startups around the world. The
"Magna brings global market knowledge and access to participants of our Mobility Tech Accelerator. Startups alongside global players in this accelerator are helping drive the future of mobility and Magna is a key part of this exciting future," said
For more information about RocketSpace's Mobility Tech Accelerator Program, visit: http://info.rocketspace.com/mobility-tech-accelerator
TAGS
Open for business, incubator, accelerator, mobility, connected car, RocketSpace
ABOUT MAGNA
We are a leading global automotive supplier with 321 manufacturing operations and 102 product development, engineering and sales centres in 29 countries. We have over 159,000 employees focused on delivering superior value to our customers through innovative products and processes, and world class manufacturing. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, vision, closure and roof systems. We also have electronic and software capabilities across many of these areas. 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
INVESTOR CONTACT: Louis Tonelli, Vice-President, Investor Relations, louis.tonelli@magna.com, 905.726.7035; MEDIA CONTACT: Tracy Fuerst, Global Director of Corporate Communications & PR, tracy.fuerst@magna.com, 248.631.5396