Magna Powertrain
Magna Powertrain is a major American manufacturer of transmission and drivetrain systems owned by Magna International. It was formed from multiple subsidiaries and acquisitions. In addition to producing transmission systems and drivetrain systems, they also provide metal-forming and engineering services.
History
In 1988, Magna formed Tesma International to manufacture engine and transmission parts. Tesma was spun off into a public company in 1995 while retaining affiliation with Magna.In 2001, founded Magna Steyr, to engineer, develop and assemble automobiles for other companies on a contractual basis. In April 2004, Magna transferred the powertrain operations of Magna Steyr to a new subsidiary called Magna Drivetrain, to focus on engineering and assembly of chassis, driveline subsystems, and modules. Magna stated the new company would better address the growing importance of all-wheel drive powertrains. In September 2004, Magna acquired the global operations of New Venture Gear from DaimlerChrysler for an estimated price of $435 million, and integrated it with Magna Drivetrain. The acquisition helped establish the newly formed Magna Drivetrain group as a major supplier of four-wheel and all-wheel drive systems manufactured in Europe and North America.
Tesma was privatized again by Magna in December 2004. In 2005, Magna merged Magna Drivetrain with Tesma to form Magna Powertrain. In July 2015 Magna Powertrain acquired Getrag, a major transmission manufacturer, for $1.9 billion. The acquisition gave Magna Powertrain access to Getrag's transmission systems, including recent hybrid designs.
Customers
Major customers include:- General Motors
- Mercedes-Benz Group
- Tata
- BMW
- Ferrari
- Stellantis North America
- Stellantis Europe
- Ford.
Products
Locations
Manufacturing plants
Magna Powertrain has manufacturing plants in Canada, Mexico, the United States, Austria, France, Germany, Italy, Slovakia, China, India, and South Korea.Canada
- Aurora, Ontario
- Mississauga, Ontario
- Markham, Ontario
- Vaughan, Ontario
Mexico
- Irapuato, Guanajuato
- Ramos Arizpe, Coahuila
United States
- Lansing, Michigan
- Muncie, Indiana
- Sterling Heights, Michigan
Austria
- Albersdorf
- Ilz
- Lannach
- St. Valentin
- Traiskirchen
France
- Bordeaux
Germany
- Bad Windsheim
- Neuenstein
- Roitzsch
- Rosenberg
Italy
- Modugno
Slovakia
- Kechnec
China
- Changzhou, Jiangsu
- Ganzhou, Jiangxi
- Nanchang, Jiangxi
- Tianjin
India
- Sanand, Gujarat
South Korea
- Asan
Offices
France
- Paris
Germany
- Cologne
- Munich
- St. Georgen
- Untergruppenbach
China
- Shanghai
India
- Pune, India
- Bengaluru, India
Japan
- Tokyo
South Korea
- Seoul
Joint ventures
In January 2009, WIA Corporation and Magna Powertrain formed a 50-50 joint ventures to establish a new manufacturing facility located in Asan, Korea. The facility produces and supplies all-wheel-drive couplings for Hyundai Motor Group.
In July 2021, LG and Magna Powertrain formed a LG majority joint venture to establish LG Magna e-Powertrain in Incheon, South Korea. The goal of the joint venture is to manufacture electric motors, inverters, on-board chargers and other "e-drive systems."