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Stock impact report

Magna Wins 2020 PACE Award for Composite Space Frame Liftgate Reinforcement [Canadian Business Journal (Canada)]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Lightweight solution debuted on the 2020 Toyota SupraComposite reinforcement enables 10 percent mass reductionFirst application of composite space frame for automotive liftgateAURORA, Ontario, April 28, 2020 (GLOBE NEWSWIRE) — Magna’s composite space frame liftgate reinforcement solution, which debuted on the Toyota Supra, has earned a 2020 News“Innovative lightweight solutions, such as this composite space frame, are integral in helping automakers meet sustainability goals, including reduced emissions and improved fuel economy,” said Magna Exteriors President Grahame Burrow. “With ongoing requirements for design freedom in larger, lighter modules, we see strong growth for advanced plastics and composites to shape future mobility.  We thankTheIHS Markit estimates 62 percent of the world’s vehicles have liftgates with a small percentage currently being made of plastic. “This is one of the fastest growing products in Magna, and we expect this to continue as automakers seek more innovati Show less Read more
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