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FINWIRES

Magna International Awarded Driver And Occupant Monitoring System Program With European OEM

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Magna International (MG.TO, MGA) was awarded a Driver and Occupant Monitoring System (DMS/OMS) program with a European OEM, it said Tuesday.

Magna's mirror-integrated DMS/OMS is designed to add "advanced" driver and occupant awareness capability without increasing interior complexity or visible hardware, it said.

"The system combines a behind-the-glass camera architecture with software-enabled functionality, with Magna providing the DMS software and system integration support aligned with centralized vehicle compute platforms," said Magna in a statement.

Shares of the company closed down 4.5% to $83.05 on Friday on the Toronto Stock Exchange.

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