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| About us >> History |
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HISTORY
100 years of experience leads the way to innovation |
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Magna Powertrain looks back on a successful history of more than hundred years. After acquisition of the New Venture Gear business in 2004 and the merger of Magna Drivetrain, Tesma International and the Engineering Center Steyr in 2005, Magna Powertrain is a global group with a perfect combination of experience and a worldwide presence for the customer.
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MAGNA STEYR's business unit Powertrain is spun off into the independent MAGNA Drivetrain group.
100% subsidiary of DaimlerChrysler
Merger to Steyr Daimler Puch AG
Merger to Austro Daimler Puchwerke AG
Renamed Puchwerke AG
Founding of PUCH
Founding of DAIMLER
Josef und Franz Wemdl & Comp. is renamed STEYR-WERKE AG
Privatization of Tesma International
Founding of New Process Gear Division
W. P. Chrysler purchased the company
Founding of New Venture Gear as joint venture between Chrysler and GM
Founding of Magna Powertrain, following the merger of MAGNA Drivetrain, Tesma International and Engineering Center Steyr
MAGNA Drivetrain acquires business of New Venture Gear
Founding of MAGNA STEYR
Magna International acquires a majority holding in Steyr-Daimler-Puch AG
Founding of Tesma International
Founding of Magna International Inc.