AURORA, Ontario
,
June 3, 2022
(press release)
–
Click here for the PDF version of the release: https://www.magna.com/docs/default-source/2022-press-and-news-releases/magna_news_release_litgate_06-02-2022_final-01.pdf?sfvrsn=ab511c07_2 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 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. TAGS INVESTOR CONTACT MEDIA CONTACT ABOUT MAGNA 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. Source: Magna International Inc.
Breakthrough Lighting, LitGate, liftgate, vehicle exteriors, thermoplastics, ADAS, sensors, design
Louis Tonelli, Vice-President, Investor Relations
louis.tonelli@magna.com, 905.726.7035
Tracy Fuerst, Vice President, Corporate Communications & PR
tracy.fuerst@magna.com, 248-761-7004
Magna 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.
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