Magna is a leading global automotive supplier with more than 300 manufacturing operations and over 170,000 employees worldwide. The company designs, develops, and manufactures automotive systems, assemblies, modules, and components for OEMs.
Founded in 1957 by Frank Stronach as a small tool and die shop in Ontario, Canada.
Entered the automotive market in 1960s with the production of automotive mirrors.
Expanded globally and diversified its product portfolio in the 1980s and 1990s.
Currently, Magna is one of the top three automotive suppliers by sales in the world.
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Magna's seating systems provide comfort, style, and safety features to both drivers and passengers in various types of vehicles.
Magna's body exteriors and structures products include sheet metal stampings, exterior vehicle skin systems, closure systems, welded assemblies, chassis frames and structural components for both passenger cars and light trucks.
Magna's power and vision products are designed to enhance the driving experience and include electro-mechanical systems catering to vehicle closure systems, window systems, and roof systems.
Magna's major customers include BMW, Ford, General Motors, Honda, Tesla, Toyota, Volkswagen and Volvo, among others.
Magna generated revenue of $39.4 billion in 2020.
Magna's headquarters are located in Aurora, Ontario, Canada.
Magna is committed to sustainability across its business, including reducing greenhouse gas emissions, improving sustainability in its supply chain, and increasing sustainability in its operations.
Yes, Magna has various partnerships and joint ventures with other automotive suppliers and OEMs, such as Fisker, LG Electronics, and Beijing Electric Vehicle Company.