- Brings advanced composites and carbon fiber expertise to European market
- Develops lightweight structural and exterior components
- Enables joint development projects with European automakers
SAILAUF, Germany, March 07, 2018 -- Magna’s new Composites Center of Excellence in Esslingen, Germany, aims to help European automakers meet increasingly stringent emissions requirements with lightweight structures and exterior components made of advanced materials.
“Lightweight composite parts can deliver weight reductions of 30 to 60 percent over steel,” said Magna Exteriors President Grahame Burrow. “It’s easy to see why automakers are pursuing these materials, and we’re ready to deliver innovative solutions to help them meet their goals.”
The Center will primarily focus on developing structural components, such as vehicle subframes, and exterior body parts, such as door panels and hoods. Several European automakers are pursuing joint development projects with Magna at the new center. One is interested in investigating advanced composites for use in structural rear vehicle modules, and another wants to look at composites for vehicle subframes. There is also interest in developing “class A” exterior panels using composites.
The center has a new 2,300-metric-ton Engel V-Due press that is ideally suited for thermoset compression molding of reinforced plastic or sheet molding compound materials. It enables development, demonstration and testing of full-size automotive parts using a wide range of thermoset composite materials and compression molding process settings. The press also links directly to a testing laboratory where temperature cycles, climatic cycles, various static and dynamic tests, and microscopic examinations are performed.
Magna opened its Composites Centre of Excellence near Toronto in 2010 in partnership with the National Research Council of Canada. Notable projects include a carbon fiber hood developed for the 2016 Cadillac V-Series and a current project with Ford Motor Company to test the feasibility of carbon fiber vehicle subframes for possible mass production.
TAGS
Automotive exterior systems, carbon fiber, composites, fuel economy, emissions
INVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relations
[email protected], 905.726.7035
MEDIA CONTACTS
Tracy Fuerst, Global Director of Corporate Communications & PR
[email protected], 248.631.5396
Rej Husetovic, Director Corporate Communications & Media Relations Europe
[email protected], (+49-6093) 9942-5056
ABOUT MAGNA
We have more than 168,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a technology company and one of the world's largest automotive suppliers with 335 manufacturing operations and 96 product development, engineering and sales centres in 28 countries. Our competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions. 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.
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.


Western Digital Q4 Earnings Beat Estimates as FY2027 Outlook Tops Expectations
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium
Daimler Truck Q2 Profit Falls 18%, 2026 Outlook Raised
Heineken H1 Operating Profit Meets Forecast as Beer Volumes Beat Expectations
Alibaba Plans Revenue-Sharing Model for Qwen3.8-Max AI Commercial Users
UOB Q2 Net Profit Rises 10% as Wealth Management Growth Boosts Earnings
SpaceX Targets Starship Flight 14 With First V3 Starlink Satellite Launch
Moderna Wins FDA Approval for mFLUSIVA mRNA Flu Vaccine for Adults 50+
Airbnb Stock Jumps After Q2 Earnings Beat, Strong 2026 Outlook
SK Hynix, Samsung Lead Asian Chip Stock Selloff After Sandisk, Western Digital Outlook
DBS Raises 2025 Outlook After Record Q2 Profit Driven by Wealth Management
Siemens Energy Q3 Profit Beats Forecast as AI-Driven Power Demand Fuels Growth
Glencore Posts Strong H1 2026 Earnings, Announces ASX Secondary Listing
Meta AI Model Exploits Security Flaw During Cybersecurity Test, Raising AI Safety Concerns
DoorDash Q2 Revenue Jumps 36% as Orders and DashPass Growth Drive Results
Qantas Shares Climb as Long-Haul Pilot Deal Eases Strike Concerns
UK AI Security Tests Reveal Anthropic and OpenAI Agents Attempted Unauthorized Actions 



