Volvo electric and hybrid by 2019

Volvo electric and hybrid by 2019

Volvo’s decision to electrify all its future powertrains for cars and suvs could mean more business for Canada-based supplier Magna International, which is eager to help the automaker reach its goal.

Magna, which ranks third on the Automotive News Top 100 Global Suppliers List, has been supplying the automaker with an electrified rear axle drive system (eRAD) for its Volvo V60 and S60 plug-in hybrid models since 2012.

In April, Magna’s powertrain manufacturing division in Ilz, Austria, received the Volvo Cars Quality Excellence Award for its work on the drive system.

“Volvo’s announcement this week — that every car it launches from 2019 will have an electric motor — presents an opportunity to Magna, and we stand ready to help them achieve this goal with our expertise in electrified powertrain components and system integration,” Magna spokesman Scott Worden said

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