Press release from CNW Group
Magna redefines rear seats for sedans
Tuesday, July 08, 2014
Magna redefines rear seats for sedans09:00 EDT Tuesday, July 08, 2014
Sedan Slouch™ fuses relaxation with cargo-hauling flexibility for highly competitive segment
AURORA, ON, July 8, 2014 /CNW/ -Magna International Inc.'s Magna Seating operating unit, a leader in engineering and producing world-class recliners, tracks and complete seat systems for the automotive industry, has developed an innovative seating concept called Sedan Slouch™, the first-to-market rear-passenger sedan seats to offer both seatback recline and fold-flat functionality.
The inspiration behind Sedan Slouch is to create a flexible, functional seat that fits with people's busy lives. For example, a vehicle owner could haul lumber or gardening supplies with the seats folded flat, then take a trip with passengers riding in the reclined rear seats. Sedan Slouch makes this possible by using Magna Seating's best-in-class META™ tracks and an innovative sliding/pivoting seatback latch.
"Consumers demand smarter solutions that fit their lifestyles and provide a best-in-class cabin experience," said Mike Bisson, President of Magna Seating. "We have taken aim at meeting these demands with our Sedan Slouch concept, and we're excited about the market prospects as we present this new technology to our global customers."
Sedan Slouch is available in both manual and power versions, and it provides auto makers with the opportunity to upgrade and differentiate their brands in the highly competitive sedan segment. With approximately six million vehicles globally in the medium- and large-sedan segments, there is significant sales potential for Magna's latest seating innovation.
About Magna Seating
Magna Seating, 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
We are a leading global automotive supplier with 315 manufacturing operations and 82 product development, engineering and sales centres in 29 countries. We have over 128,000 employees focused on delivering superior value to our customers through innovative products and processes, and World Class Manufacturing. Our product capabilities include producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing. 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.
Video with caption: "Video: Magna redefines rear seats for sedans". Video available at: http://stream1.newswire.ca/cgi-bin/playback.cgi?file=20140708_C9985_VIDEO_EN_42002.mp4&posterurl=http://photos.newswire.ca/images/20140708_C9985_PHOTO_EN_42002.jpg&clientName=Magna%20International%20Inc%2E&caption=Video%3A%20Magna%20redefines%20rear%20seats%20for%20sedans&title=MAGNA%20INTERNATIONAL%20INC%2E%20%2D%20Magna%20redefines%20rear%20seats%20for%20sedans&headline=Magna%20redefines%20rear%20seats%20for%20sedans
For further information:
Director, Corporate Communications
& Media Relations