Business
An Open and Shut Case: Magna Makes 50 Millionth Side Door Latch
SAILAUF, Germany , Sept. 25, 2014 /CNW/ - Magna International Inc., the global lead...
About this update from Magna International Inc.
[{"type":"text","content":"\n\n\n\n\n\nSAILAUF, Germany, Sept. 25, 2014 /CNW/ - Magna International Inc., the global leader in volume and sales for\n automotive latching products, announces that its Motrol closures\n manufacturing division in Guasticce, Italy, has achieved a noteworthy\n milestone: 50 million side-door latches manufactured for Volkswagen\n Group vehicles. Since starting production in 2003, Magna's Motrol\n division has supplied many of the Group's vehicles with its highly\n engineered side-door latches.\n\n\nThe Magna plant in Guasticce initially supplied one Audi model, and in\n the following years production was expanded to supply side-door latches\n on additional vehicles within the Volkswagen Group portfolio. This led\n to a rapid increase in door-latch production volume for the plant,\n which by 2012 was producing an average of 6 million latches per year, a\n production record for the facility.\n\n\n\"We have been developing and manufacturing side-door latches for our\n Volkswagen Group customers for more than 10 years, and our product is a\n true benchmark in terms of reliability, quietness and real-world\n quality performance,\" said Frank Seguin, president of Magna Closures.\n \"This production milestone demonstrates our capabilities in supporting\n global vehicle programs with innovative and competitive products, as\n well as the confidence our customers place in us.\"\n\n\nAbout Magna International \nWe are a leading global automotive supplier with 317 manufacturing\n operations and 83 product development, engineering and sales centres in\n 29 countries. We have over 130,000 employees focused on delivering\n superior value to our customers through innovative products and\n processes, and World Class Manufacturing. Our product capabilities\n include producing body, chassis, interior, exterior, seating,\n powertrain, electronic, vision, closure and roof systems and modules,\n as well as complete vehicle engineering and contract manufacturing. Our\n Common Shares trade on the Toronto Stock Exchange (MG) and the New York\n Stock Exchange (MGA). For further information about Magna, visit our\n website at www.magna.com.\n\n\nTHIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE \"FORWARD-LOOKING\n STATEMENTS\" UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO,\n AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE S...