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AURORA, Ontario, April 22, 2022 – Four Magna product and process innovations were named as finalists for the 2022 Automotive News PACE Awards – the most of any company for the award year.
The Magna innovations on the finalist list include:
The company has won five PACE Awards in the last eight years.
Magna also landed a PACE Pilot finalist spot with its Aural 5R Alloy, offering a better performing alloy for structural applications at a lower cost and lower carbon footprint. It is the only aluminum die-cast alloy for structural applications created from 100% recycled materials.
“Having placed multiple finalists among some the industry’s top automotive innovations is a testament to our unmatched capabilities,” said Swamy Kotagiri, Magna CEO. “Our product teams continue to push the boundaries of innovation in product and process and it is exciting to see that the PACE Award judges agree by naming many of our submissions as finalists.”
The Automotive News PACE Awards, in their 28th year, are given to suppliers for game-changing product and process innovations that have succeeded in reaching the market. Winners will be announced on Monday, September 19, 2022, and are determined by an independent panel of judges. Read more about the finalists here.
TAGS ADAS, Radar, Haptics, Electronics, Mechatronics, Exteriors, Body, Chassis, Structures
INVESTOR CONTACT Louis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com, 905.726.7035
MEDIA CONTACT Tracy Fuerst, Vice President, Corporate Communications & PR tracy.fuerst@magna.com, 248.631.5396
ABOUT MAGNA We are a mobility technology company. We have more than 152,000 entrepreneurial-minded employees and 346 manufacturing operations and 93 product development, engineering and sales centres in 27 countries. We have complete vehicle engineering and contract manufacturing expertise and product capabilities that include body, chassis, exteriors, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting, and roof systems. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit www.magna.com.
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