Magna Commences Production Of Mild Hybrid Transmission For BMW Group

by Shivani Kumaresan, Benzinga Staff Writer

May 2, 2022 12:23 PM | 1 min read |

Magna International Inc MGA has started the production of its mild hybrid transmission for Bayerische Motoren Werke AG 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.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.