Decoma

Magna International Inc.

Type	Public
Traded as	: MGA : MG
Industry	Auto and Truck parts
Founded	1957
Headquarters	Aurora, Ontario, Canada
Key people	Donald Walker, CEO Vincent J. Galifi, Executive VP & CFO Swamy Kotagiri, Chief Technology Officer
Revenue	US$ 036.4 billion (2016)
Operating income	US$ 02.78 billion (2016)
Net income	US$ 002.03 billion (2016)
Total assets	US$ 22.5billion (2016)
Total equity	US$ 09.7 billion (2016)
Number of employees	159,000
Website	www.magna.com

Magna International Inc. is a Canadian global automotive supplier headquartered in Aurora, Ontario, Canada. In 2014 it was the largest automobile parts manufacturer in North America by sales of original equipment parts, and one of Canada's largest companies. Its operating groups include Magna Steyr, Magna Powertrain, Magna Exteriors, Magna Seating, Magna Closures, Magna Mirrors, Magna Electronics and Cosma International.

Magna manufactures auto parts that are primarily supplied to General Motors, Ford Motor Company, and Chrysler LLC. In addition to the Big 3 U.S. automakers, Magna's major customers include Tesla Motors, Volkswagen, BMW and Toyota. In Europe, Magna Steyr holds contracts for the assembly of the Peugeot RCZ and Mini Countryman.

Magna has approximately 159,000 employees in 321 manufacturing operations and 102 product development, engineering and sales centres in 29 countries. Magna operates under a corporate constitution which calls for distribution of profits to employees and shareholders. The terms of this contract are "fair enterprise" according to Frank Stronach, company founder.

Magna’s capabilities include the design, engineering, testing and manufacture of exterior systems, seating systems, closure systems, vision systems, powertrain systems, electronic systems, roof systems, body & chassis systems, hybrid & electric vehicle systems, and vehicle engineering & contract assembly.

The company was founded in 1957 by Frank Stronach as Multimatic Investments Ltd. This company merged with Magna Electronics in 1969, and the combined company became Magna International in 1973.