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News: Magna Powertrain Germany GmbH is Porsche's Supplier of the Year

		Magna Powertrain Germany GmbH is Porsche's Supplier of the Year more inside Magna Powertrain's Head Office in America has moved more inside Pre-announcement 8. European All-Wheel Drive Congress more inside Magna Powertrain's Headquarter will move more inside Magna Powertrain – a Perfect Combination of Experience, Expertise and Global Presences more inside Magna Powertrain Steps Up Activities and Strengthens Relations with Asian Customers more inside 7th All-Wheel Drive Congress Graz more inside 7th All-Wheel Drive Congress Graz, February 2 - 3, 2006 more inside Greg Deveson to join Magna Powertrain as President North America more inside Dr Herbert Demel appointed President of Magna International's global Powertrain Group more inside Magna announces new appointments more inside MAGNA Drivetrain: global market heights scaled with all-wheel drive technology more inside Graz All-Wheel Drive Congress with record attendance more inside 6th All-Wheel Drive Congress Graz: All-wheel drive between motor sports and hybrid drive more inside MAGNA Drivetrain supplies transfer cases for the new Land Rover Discovery III more inside Magna completes acquisition of New Venture Gear more inside Pre-announcement 6th All-Wheel Drive Congress Graz, February 3 - 4, 2005 more inside Magna and DaimlerChrysler Corporation sign agreement concerning New Venture Gear more inside All-wheel drive competence on two pillars: MAGNA Drivetrain and MAGNA STEYR more inside New Contract Awards more inside New all-wheel drive system improves active safety and dynamic handling more inside
Stuttgart/Leipzig, April 23, 2007. Yesterday in Leipzig, Dr. eng. h.c.F. Porsche AG, Stuttgart, designated Magna Powertrain Germany GmbhH, Roitzsch as Supplier of the Year. The enterprise has been collaborating since 2002 with the Stuttgart sports car manufacturer, and convinces above all through its outstanding achievements in the development and manufacturing of drive shaft systems and components. In this way Magna Powertrain supplies the distribution drives for the sports terrain vehicle Cayenne. In addition to Magna Powertrain, the Porsche chairs Holger P. Härter (Finance and Business Administration) and Michael Macht (Production and Logistics) awarded nine other Porsche suppliers for their outstanding achievements in the business year of 2005/06: Thyssen-Krupp Automotive Systems GmbH (Bochum), Lear Corporation GmbH (Böblingen), Conti-Tech Kühner GmbH & Cie. KG (Oppenweiler), HS Genion GmbH (Krailling), SUSPA Holding GmbH (Altdorf), Arvin-Meritor Emissions Technologies GmbH (Augsburg), REGE Engine Parts GmbH & Co. KG (Hörselberg/Eisenach), APL Vehicle Testing Technique Landau GmbH (Landau) as well as Kühne & Nagel (AG & Co.) KG, Frankfurt am Main. The chair of the board of directors for Porsche AG, Dr. Wendelin Wiedeking, stressed in front of around 3005 guests in the customer centre in the Leipzig facility how important a good cooperative relationship between Porsche and its suppliers is: "We can only successfully defend our top position if we build vehicles that are better than those of all competitors. In this capacity every single part counts, no matter how small." Wiedeking stressed supplier reliability as an important factor of success: "Our clients expect premium vehicles and will not tolerate defects. Therefore we will only consider as potential suppliers for Porsche those who are willing to produce the highest level of achievement. Every year we identify excellent partners through the Porsche Supplier Award - as a standard for all others." According to the Porsche CEO, demands would become even higher in the future. With the Gran Turismo Panamera a new chapter will be written in the Porsche's history of success. For this fourth production line which will hit the market in 2009 the sports car manufacturer will need the full delivery power of its suppliers. GO