Magna International has created a technology advisory council to help the supplier identify additional business opportunities.
The company said in a statement the council of six will “contribute to future innovation projects” and “provide direction to Magna’s technology road map.”
The council is led by Magna’s chief technology officer Swamy Kotagiri. “The pace of innovation in the automotive industry is like nothing we have ever seen before, creating even more challenges and opportunities,” Kotagiri said in the same statement.
Magna has been busy investing in technology. It’s one of several backers of Peloton Technology, a company developing vehicle-to-vehicle technology that would improve the fuel efficiency of commercial trucks. In March, the company pledged $5 million to the Vector Institute, an artificial intelligence research centre in Ontario. Also in March, the supplier unveiled a fuel cell range-extended electric vehicle (FCREEV) concept. It’s a debadged Mercedes Viano minivan packing a smaller-than-average fuel-cell to recharge its battery on the move.
Council members have experience in and will provide strategic planning for the areas of advanced driver assistance systems, environmental and automotive safety, overall industry trends, and next-generation technologies.
The council also includes Tony Fadell, widely recognized as the inventor of Apple’s iPod. He’s also the founder of Nest, the company behind sensor-driven, Wi-Fi-enabled, learning programmable thermostats.
"Magna's deep vehicle systems knowledge and electronics capabilities, combined with its global engineering and manufacturing expertise, are remarkable," Fadell said in the same statement. “They are in a great position to help drive change in the auto industry and I am excited to be working with such an innovative company."
The other four members of the council include: