Magna Joins The BMW Group, Intel and Mobileye Platform as an Integrator to Bring Autonomous Driving Technology to the Market

AURORA, ON, Oct. 10, 2017 — (PRNewswire) — The BMW Group, Intel and Mobileye, an Intel company, are on a mission to deliver a self-driving, flexible vehicle platform by 2021. Magna joins as a Tier 1 technology integrator and will help automakers industrialize and customize the domain controller designed by BMW Group, Intel and Mobileye.

"Many of the autonomy challenges the industry is facing can't be handled in isolation," said Magna's Chief Technology Officer Swamy Kotagiri. "I am confident that the many strengths brought forward by each partner will contribute to the delivery of a self-driving platform the market can leverage. We are extremely excited to be one of the early integrators bringing our unique capabilities to the platform."

Through this collaboration, the BMW Group, Intel and Mobileye plan to provide an autonomous vehicle platform that can be flexible and adoptable for integration by multiple automakers.

"We are very pleased to welcome Magna as the next major industry player to support our non-exclusive platform. This underlines the success story we have been writing over the past year with our unique cooperation and it gives us additional boost in creating a leading ecosystem for the industry of autonomous driving," said Klaus Fröhlich, Member of the Board of Management of BMW AG for Development, on behalf of the cooperation of BMW Group, Intel and Mobileye.

"Magna has a long-term experience in integrating complex systems seamlessly onto individual vehicle platforms, while securing differentiation for individual OEM customers."

Magna has been a supplier to the BMW Group on a global scale for many years and a contract vehicle manufacturer for them for more than 15 years.

TAGS
BMW, Intel, Mobileye, autonomous driving, self-driving, sensors, technology development integrator

ABOUT MAGNA
We are a leading global automotive supplier with 327 manufacturing operations and 100 product development, engineering and sales centres in 29 countries. We have over 161,000 employees focused on delivering superior value to our customers through innovative products and processes, and world class manufacturing. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, vision, closure and roof systems. We also have electronic and software capabilities across many of these areas.  Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at 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.

SOURCE Magna International Inc.

Contact:
Magna International Inc.
INVESTOR CONTACT: Louis Tonelli, Vice-President, Investor Relations
Email Contact 905.726.7035; MEDIA CONTACT: Tracy Fuerst, Global Director of Corporate Communications & PR
Email Contact 248.631.5396
Web: http://www.magna.com




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