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Magna Reveals New Seating Ecosystem Designed to Offer More Flexible, Collaborative Interior

TROY, Mich., Dec. 10, 2018 (GLOBE NEWSWIRE) — Today, Magna revealed its vision for a flexible vehicle interior centered around seating reconfigurability and the opportunities new mobility and autonomy will offer passengers in the future. Seat positioning will play an increasingly important role in creating a flexible space where drivers and riders can move cargo, get work done and interact with each other more freely.

The company used rich digital and in-market consumer research in China, Europe and the United States to understand the views of the consumer when it comes to their personal experiences with seats. After observing consumers in their daily lives, Magna created an innovative seating platform focused on delivering the ideal user experience. From carrying cargo and fostering conversation on a long car ride to enabling a mobile meeting space during a ride share – Magna is developing reconfigurable seating solutions and technologies to reshape the vehicle cabin.

“Magna’s seating innovation is driven by the belief that while the vehicle occupant experience will be very different with the introduction of mobility and autonomy, the functional basics will remain the same: passengers want convenience, flexibility and comfort,” said Mike Bisson, President Magna Seating. “This approach has essentially helped us create seats that adjust to the consumer, instead of having the consumer adjust to seats.”

The newly unveiled Magna concept seat ecosystem includes three specific configurations; each boasting its own set of features and technologies including:

Car Sharing

Long Road Trip

Autonomous Ride Sharing

Magna pioneered reconfigurable seating with the game-changing Stow ‘n Go® Seating and Storage System on Chrysler minivans in 2004. Most recently, Magna brought the fourth-generation Stow ‘n Go to market on the 2016 Chrysler Pacifica and was first to bring the Pitch Slide EZ EntryTM seat to the North American market on the GMC Acadia. Magna designs seats at six R&D centers and manufactures seats at 50 locations around the globe.

TAGS
Automotive seating, automotive seat systems, Magna seating

INVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relations
louis.tonelli@magna.com, (+1) 905.726.7035

MEDIA CONTACT
Tracy Fuerst, Global Director of Corporate Communications & PR
tracy.fuerst@magna.com, (+1) 248.631.5396

ABOUT MAGNA
We have more than 173,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a mobility technology company and one of the world’s largest automotive suppliers with 340 manufacturing operations and 89 product development, engineering and sales centres in 27 countries. Our competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit 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.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/5fd9b9ca-4d6d-4b17-aab2-8b49596cf16c