Magna International
 |
|
| 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$ 36.4 billion (2016)
|
|
US$ 2.78 billion (2016)
|
|
|
US$ 2.03 billion (2016)
|
|
| Total assets |
US$ 22.5billion (2016)
|
| Total equity |
US$ 9.7 billion (2016)
|
|
Number of employees
|
155,000 |
| 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 152,000 employees in 309 manufacturing operations and 99 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.
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Wikipedia