- 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.
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