This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Magna Mirrors Wins Pace Award

AURORA, ON, April 24, 2012 /PRNewswire/ - Magna International, the world's most diversified automotive supplier, announced today that its Magna Mirrors operating unit has been selected as a 2012 Automotive News PACE Award winner for its Infinityâ„¢ rearview mirror.

"On behalf of Magna Mirrors and our product development, engineering and sales teams, we are honored to accept this 2012 PACE Award for our Infinity mirror, and we appreciate the prestigious recognition our innovative product has received," said Frank Seguin, president of Magna Mirrors.

The Infinity mirror redefines the appearance of the inside rearview mirror by replacing the traditional bezel around the mirror's perimeter with a highly polished, precision-ground glass edge. With the Infinity mirror, the driver sees and interacts only with the glass mirror and no part of the assembly extends beyond the mirror, resulting in a clean, futuristic design that automakers see as a differentiating feature. Elimination of the bezel also reduces forward obstruction by decreasing the overall mirror size by 24 percent compared to a conventional mirror, while the buttons commonly located in mirror bezels are replaced with touch-screen style buttons on the glass surface.

Magna Seating was also a finalist in this year's PACE Awards competition for its One-Touch Stow n' Go® seat mechanism. (Stow n' Go is a registered trademark of Chrysler Group LLC.) This latest-generation mechanism started in 2011 Chrysler and Dodge minivans and features a unique, one-touch mechanical mechanism that -- all at once -- folds down the head restraint, folds the seatback, releases the floor latch, tumbles the seat forward, and translates the seat inboard to align with the floor tub for easy stowing. The mechanism provides the ease of use of a power folding seat for the mass and cost of a mechanical seat, without compromise in functionality.

The Automotive News PACE Awards celebrate automotive suppliers' innovations in products, manufacturing processes and information technology. PACE Award winners were announced at the 18th annual Automotive News PACE Awards ceremony on April 23, 2012, in Detroit, Michigan.

About Magna Mirrors

Magna Mirrors ( www.magnamirrors.com ), an operating unit of Magna International Inc. and recipient of a 2009 PACE Award for its BlindZoneMirrorâ„¢, is one of the largest producers of automotive mirror and vision systems to the global automotive industry. We are focused on developing value-added products including interior and exterior mirrors, door handles, actuators, and electronic vision systems that deliver new products and technological solutions to enhance the driving experience. The group serves customers around the world from manufacturing and engineering facilities located in North America, Europe, Asia and South Africa.

About Magna Seating

Magna Seating ( www.magnaseating.com ), an operating group of Magna International Inc., is an innovative leader in the development and manufacture of high-quality complete seating systems, seat structure and mechanism solutions, and foam & trim products for the global automotive industry. Our capabilities range from consumer and market research, full concept development, design and engineering, and testing and validation to world-class manufacturing of seating components and complete seat assemblies.

About Magna International

Magna is the most diversified global automotive supplier. We design, develop and manufacture technologically advanced automotive systems, assemblies, modules and components, and engineer and assemble complete vehicles, primarily for sale to original equipment manufacturers ("OEMs") of cars and light trucks. Our capabilities include the design, engineering, testing and manufacture of automotive interior systems; seating systems; closure systems; body and chassis systems; vision systems; electronic systems; exterior systems; powertrain systems; roof systems; hybrid and electric vehicles/systems; as well as complete vehicle engineering and assembly.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,096.90 -106.47 -0.58%
S&P 500 2,098.53 -9.25 -0.44%
NASDAQ 4,967.1410 -12.76 -0.26%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs