Magna Powertrain is not a charter to restrain the tyrannical power of a high-speed bullet train -- the name is purely automotive and refers to Magna Powertrain USA, Inc., which concerns itself with the manufacture of powertrain components. The company makes driveline & chassis control systems, including its Dynamax all-wheel-drive coupling system, transfer cases, axle drives, and steering systems. Fluid pressure & controls products include engine, oil, water and vacuum pumps. It also offers stampings, die castings, and engineering services. An operating unit of Canada-based Magna International, Magna Powertrain has about 40 global manufacturing sites. Customers include BMW, Chrysler, Ford, and General Motors.
Magna Powertrain USA, Inc., which does business as Magna Powertrain, is the global headquarters for Magna International's powertrain business. It conducts operations in about a dozen countries.
Leveraging global partnerships, Magna Powertrain continues to expand operations in emerging markets. Magna Steyr India, a joint venture between Magna Steyr and Magna Powertrain, agreed in late 2010 to produce engine transmission systems with Hero Motors (HML), a Hero Group subsidiary.
In mid-2010 Magna Powertrain and Hyundai Wia, a South Korean-based powertrain company that is affiliated with Hyundai Motor, opened a manufacturing facility in Asan, South Korea. The two companies formed their 50/50 joint venture in 2009 to establish the plant, which will make all-wheel-drive (AWD) couplings to be used initially on Kia's new Sportage SUV.
Magna Powertrain also has a strong presence in China. Since opening its manufacturing plant in Changzhou in 2005, the company has expanded the plant and tripled the number of employees. It announced in 2010 its plans to double the number of local engineers, so that it may tackle more projects in the China market.
The company supports its global expansion with high-tech products that provide enhanced driving performance to its customers. In mid-2010 Magna Powertrain debuted its intelligent AWD coupling system -- Dynamax. The system continuously monitors driving conditions, anticipating AWD system requirements. The technology improves traction, thus reducing fuel consumption and CO2 emissions.
Automotive companies that did not perish during the economic crisis in 2009 emerged shaken, but more than ready to get back in the driver's seat. The powertrain market was definitely hit, showing declining revenues throughout 2008 and 2009. However, sales increased in 2010 and industry reports forecast that 116 million powertrain units will sell by 2017. It's clear that a goodly number of sales will be from customers in India and China, which are expected to be the biggest drivers of growth. – less