A first for N.A. market; 30% weight savings
AURORA, ON, April 15, 2014 /PRNewswire/ - Magna International Inc. announces that its Magna Exteriors operating unit is producing the North American automotive industry's first all-thermoplastic, fully recyclable liftgate module for the 2014 Nissan Rogue crossover utility vehicle.
The Rogue liftgate is unique in that all materials are fully olefinic and therefore fully recyclable at the end of the vehicle's life, and it features the first painted outer panel made from thermoplastic olefin. The full liftgate assembly is 30 percent lighter than comparable stamped steel systems, which helps contribute to the vehicle's overall fuel economy increase. The liftgate was recognized in November 2013 by the Society of Plastics Engineers as the year's most innovative use of plastics in the auto industry.
Magna developed the liftgate in collaboration with Nissan, Hitachi Chemical, and materials suppliers LyondellBasell and Advanced Composites Inc. Magna serves as the Tier 1 supplier in North America. The liftgate assembly is made by Magna Exteriors' Decostar division in Carrollton, Georgia, and is delivered to Nissan as a module for single-point installation at its Smyrna, Tennessee, assembly plant.
"We worked with Nissan and our team of suppliers for a number of years to bring this innovation to life," said Joe Pittel, Global President Magna Exteriors, Interiors and Seating. "The success of our customers is a testament to the hard work of our entire team and helps validate Magna's commitment to solving challenges with an innovative spirit and can-do attitude."
About Magna Exteriors
Magna Exteriors, an operating unit of Magna International Inc., is a full-service global supplier of automotive exterior systems. We design, engineer and manufacture bumper fascia systems; exterior trim; modular systems; class A body panels; structural components; and under hood and underbody components for automotive, commercial truck, consumer, and industrial markets.
About Magna International
We are a leading global automotive supplier with 316 manufacturing operations and 84 product development, engineering and sales centres in 29 countries. We have over 125,000 employees focused on delivering superior value to our customers through innovative products and World Class Manufacturing. Our product capabilities include producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at www.magna.com.
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.
Video with caption: "Magna makes the North American automotive industry's first all-thermoplastic, fully recyclable liftgate module for the 2014 Nissan Rogue crossover utility vehicle. The liftgate assembly is 30 percent lighter than comparable stamped steel systems, which contributes to the vehicle's overall fuel economy increase.". Video available at: http://stream1.newswire.ca/cgi-bin/playback.cgi?file=20140415_C9754_VIDEO_EN_39217.mp4&posterurl=http://photos.newswire.ca/images/20140415_C9754_PHOTO_EN_39217.jpg&clientName=Magna%20International%20Inc%2E&caption=Magna%20makes%20the%20North%20American%20automotive%20industry%27s%20first%20all%2Dthermoplastic%2C%20fully%20recyclable%20liftgate%20module%20for%20the%202014%20Nissan%20Rogue%20crossover%20utility%20vehicle%2E%20The%20liftgate%20assembly%20is%2030%20percent%20lighter%20than%20comparable%20stamped%20steel%20systems%2C%20which%20contributes%20to%20the%20vehicle%27s%20overall%20fuel%20economy%20increase%2E&title=MAGNA%20INTERNATIONAL%20INC%2E%20%2D%20Magna%20introduces%20all%2Dthermoplastic%2C%20modular%20liftgate&headline=Magna%20introduces%20all%2Dthermoplastic%2C%20modular%20liftgate