Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Business

Shivani Kumaresan

Magna Commences Production Of Mild Hybrid Transmission For BMW Group

Magna (Organization) BMW BMW Group MGA Bayerische Motoren Werke AG Magna International Inc NYSE Germany Slovakia

Magna International Inc (NYSE:MGA) has started the production of its mild hybrid transmission for Bayerische Motoren Werke AG (OTC:BMWYY).
Magna's new 7-speed, mild hybrid dual-clutch transmission is the latest to be featured exclusively on BMW Group's compact class, accelerating its electric mobility transformation.
The contract will also include the production of mild hybrid transmissions for additional BMW models extending CO2 emissions reductions across multiple platforms.
Magna's 7HDT400 48V transmission enables optimal efficiency of an internal combustion engine and electric motor.
The mild-hybrid transmissions are built at Magna's facilities in Neuenstein, Germany, and Kechnec, Slovakia.
Price Action: MGA shares are trading lower by 0.88% at $59.74 on the last check Monday.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Singapore hangs third drug trafficker in a week

Singapore hangs third drug trafficker in a week

Southeast Asian city-state is among a handful of countries that impose the death penalty for drug offences.

Colorado funeral home owners charged with 100s of corpse abuse counts set to plead guilty

Colorado funeral home owners charged with 100s of corpse abuse counts set to plead guilty

Colorado funeral home owners accused of stashing 190 decaying bodies and giving grieving families fake ashes are expected to plead guilty

The Independent UK

Russia's Missile 'Warning' To Ukraine And West: What We Know

Russia's Missile 'Warning' To Ukraine And West: What We Know

Russia on Thursday fired an experimental missile at Ukraine in a clear warning of its capabilities, officials from Western governments said, even as they pushed back against Ukrainian claims of a more provocative action by Moscow.

International Business Times

St. Petersburg City Council Reverses Decision On Ballpark Repairs

St. Petersburg City Council Reverses Decision On Ballpark Repairs

St. Petersburg City Council's decision on Tropicana Field roof repair impacts future of Rays ballpark. MLB support noted.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Florida parents caught on camera attacking school officer who disciplined their son for pushing a girl

Florida parents caught on camera attacking school officer who disciplined their son for pushing a girl

Jorge Rivera and his wife Dagmarie Aponte Iturrino attended a meeting with a school resource officer on Tuesday, before the situation escalated

The Independent UK

Trump Transition Delay Raises Concerns Over Security Clearances

Trump Transition Delay Raises Concerns Over Security Clearances

Delays in transition process for Trump administration may impact security clearances and vetting of nominees, potentially affecting national security prepa...

Related Stories

Top stories on inkl right now

Singapore hangs third drug trafficker in a week

Singapore hangs third drug trafficker in a week

Southeast Asian city-state is among a handful of countries that impose the death penalty for drug offences.

Colorado funeral home owners charged with 100s of corpse abuse counts set to plead guilty

Colorado funeral home owners charged with 100s of corpse abuse counts set to plead guilty

Colorado funeral home owners accused of stashing 190 decaying bodies and giving grieving families fake ashes are expected to plead guilty

The Independent UK

Russia's Missile 'Warning' To Ukraine And West: What We Know

Russia's Missile 'Warning' To Ukraine And West: What We Know

Russia on Thursday fired an experimental missile at Ukraine in a clear warning of its capabilities, officials from Western governments said, even as they pushed back against Ukrainian claims of a more provocative action by Moscow.

International Business Times

St. Petersburg City Council Reverses Decision On Ballpark Repairs

St. Petersburg City Council Reverses Decision On Ballpark Repairs

St. Petersburg City Council's decision on Tropicana Field roof repair impacts future of Rays ballpark. MLB support noted.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Florida parents caught on camera attacking school officer who disciplined their son for pushing a girl

Florida parents caught on camera attacking school officer who disciplined their son for pushing a girl

Jorge Rivera and his wife Dagmarie Aponte Iturrino attended a meeting with a school resource officer on Tuesday, before the situation escalated

The Independent UK

Trump Transition Delay Raises Concerns Over Security Clearances

Trump Transition Delay Raises Concerns Over Security Clearances

Delays in transition process for Trump administration may impact security clearances and vetting of nominees, potentially affecting national security prepa...

Our Picks

Cher Reveals the "Fiasco" That Ensued When She Performed for Princess Margaret in 1965: "I Was Mortified"

"It was like a bad dream that we couldn’t get out of; we just had to stand there and wait for it to be over."

From frozen to feast, how to safely defrost your Thanksgiving turkey

Experts have recommended three different methods to defrost your turkey for Thanksgiving dinner

The Independent UK

“One of the most important guitars in rock and roll history”: George Harrison’s Futurama smashes auction estimate and sets a new record with staggering $1.27 million sale

The oddball electric – which was used during the Beatles’ early years, and saw action in over 300 historic shows – becomes the most expensive electric guitar formerly owned by a Beatle to sell at auction

Keke Palmer: I'm living life on my own terms

Keke Palmer has revealed that she feels proud to be living life "on [her] own terms".

Crypto entrepreneur Justin Sun buys $6 million banana—and plans to eat it unless Elon Musk wants to send it to space

Sun outbid six others for the iconic work.

Paul Simon names the fan-favorite song he’ll never perform again

The folk rock icon said his hearing loss has limited the songs he can perform live

The Independent UK

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play