InStride to Help Magna Meet New Skills Demands & Develop the Workforce of the Future

In order to meet new skills demands and develop the workforce of the future
for the automotive industry, InStride today announced the launch of a pilot
program with leading automotive technology company Magna International to
develop strategic education programs for qualified employees to access
undergraduate degrees and other learning and development opportunities. The
company’s initial education offerings will be available for US-based
employees beginning this month.

“The mobility industry is transforming rapidly and in need of ever-changing
skill sets to meet new demands. As vehicles change, the way we design and
build them will be drastically different, requiring employees to expand
their knowledge in order to maintain our company’s competitive advantage”

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“We are incredibly excited to work with a global mobility powerhouse such as
Magna and are looking forward to serving their employees through our
academic partnerships,” said Vivek Sharma, CEO of InStride. “The executive
team at Magna have been thoughtful in their strategic design of this pilot
education program to ensure that Magna employee-learners have the
opportunity to access life-changing credentials and skills.”

With this education initiative, internally known as EPIC (Educational
Pathways for Innovative Careers), Magna looks to build on its culture of
creating continuous, scalable, lifelong learning opportunities for its
employees. One way they expect to achieve this objective is by establishing
pathways to learning and educational opportunities using InStride’s
strategic enterprise educationTM programs. Magna will draw on relevant
education providers from InStride’s leading academic network to address
skills needs within their organization and support the career objectives of
qualified employees.

“The mobility industry is transforming rapidly and in need of ever-changing
skill sets to meet new demands. As vehicles change, the way we design and
build them will be drastically different, requiring employees to expand
their knowledge in order to maintain our company’s competitive advantage,”
said Aaron McCarthy, Magna Chief Human Resources Officer. “With the help of
this pilot program, we hope to continue moving the company forward for and
with our employees as part of our learning culture.”

Magna is a leading global automotive supplier dedicated to delivering new
mobility solutions and technology that will change the world. Magna products
can be found on most vehicles today and come from 347 manufacturing
operations and 84 product development, engineering and sales centers in 28
countries. The company’s 158,000-plus employees focus on delivering superior
value to their customers through innovative processes and world-class
manufacturing, with operations spanning five continents and 27 countries,
giving them a global footprint to support every major automaker in the
world.

About InStride

As the premier global provider of strategic enterprise educationT programs,
InStride enables employers to provide career-boosting degrees and
credentials to their employees, through leading global academic
institutions. InStride helps organizations achieve transformative business
and social impact by unlocking the power of education, through advanced
technology-enabled experiences for learners and corporate partners alike.
Given its focus on generating social impact, InStride received Fortune’s
Impact 20 and Inc.’s Best in Business awards in 2020. For more information,
please visit www.instride.com or follow InStride on Twitter and LinkedIn.