Last last week, Canadian automotive parts supplier Magna International announced that it had signed an agreement to acquire the German transmission manufacturer Getrag for approximately €1.75 billion (RM7.22 billion). The purchase is expected to be completed towards the end of this year, subject to a number of conditions including obtaining all necessary regulatory approvals.
Aside from its wholly-owned operations, Getrag is best known for its significant joint-venture relationship with Ford (headlining applications include the dry-clutch 6DCT250 and wet-clutch 6DCT450 PowerShift dual-clutch units) – in more recent times JVs have come about with Chinese automakers Jiangling and Dongfeng. Other Getrag customers include BMW, Daimler, Renault, Volvo and Great Wall.
The German company has approximately 13,500 employees and operates 13 manufacturing and 10 engineering centres in nine countries in Europe, Asia and North America. In 2014, Getrag’s consolidated sales were approximately €1.7 billion, not including the €1.6 billion in sales generated by its non-consolidated joint-ventures.
The company built around four million transmissions in 2014, which amounted to about five percent of the global total.
Looking to sell your car? Sell it with Carro.
Our Pariah Proton is the best. Buy an Italian Motorbike company for 500 million Euro. Then sell the company for 1 Euro. 3 years later, the buyer who bought it from Proton sold it to another person for over 2 billion ringgit.
WTF?!?!?! What does this article has to do with Proton?
At most, Getrag supplies them for the 6-speed manual. Just a customer & technical partner relationship.
Anyhoo, if they gattai then should rename them Magnatrag.
Getrag supplies the 5-speed manual in the Preve and, if I recall correctly, the Saga also.
don’t put wrong figures..p1 buy mv agusta for 70 million euro n later sold for 1 euro in 2004..500 million euro?… harley davidson buy for $109 million mv agusta in 2008 n later sold mv agusta for 3 euro..last year daimler buy agusta for 30 million euro..where come RM2 billion?
Another day, another moron pretending to be expert
1MDB can buy 7 of this.
This one lagi topkek. What does 1mdb has to do (at all) with Magna & Getrag?
Please re-direct ur hate-spewing nonsense in a more relevant post.