GETRAG Business Report FY ended Dec. 2014
Acquired by Magna International
-In January 2016, the Company was acquired by Magna International, a Canada-based leading automotive component supplier.
-The Company is supplying two new manual transmissions for the third generation of the Mini. They are designed for the new generation of BMW engines which are characterized by higher torque and lower consumption, amongst other things. One key feature of the transmissions is the torque capacity in relation to the weight, which is around 15% higher compared to the manual transmissions used previously. They are designed for maximum torques of 220 and 360 Nm. Thanks to a new main bearing holder and functions integrated into the housing, some 30 components could be eliminated. Production of both transmissions could be assigned outright to the Rosenberg plant in Germany. To meet the higher production volumes, the Company is investing a total of EUR 45 million in expanding the site. (From a press release on June 11, 2014)
Five-Year Outlook (2015-2019)
-In 2019, the Company plans to generate EUR 5.0 billion revenue and to sell 6.6 million transmissions globally.
-Between 2015 and 2019, sales of manual transmissions will grow by 42%. In the same time, dual clutch transmission volume will show a growth rate of 62%.
-The Company's Chinese plants currently represent roughly one quarter of its global production. This ratio will rise up to 45% until 2019.
-The Company announced that it has agreed the joint development of dual clutch transmissions with its Chinese joint venture partner Dongfeng Getrag Transmission Co., Ltd. Dongfeng Getrag Transmission will start the manufacturing of this dual clutch transmission for compact cars as of 2016 in Wuhan, Hubei Province, China. (From a press release on October 13, 2014)
Investment Outside Germany
-In autumn 2012, the Company entered into another partnership in Asia: together with the second largest Chinese automobile manufacturer, the Dongfeng Motor Group Co. Ltd., they launched the Dongfeng GETRAG Transmission Co. Ltd. joint venture. Production there will commence towards the end of 2016. GAP headquarters are in Shanghai.