Magna International Inc - Company Profile
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Magna International Inc (Magna) is a mobility technology company that offers modular solutions for systems and parts, and full-vehicle assembly. The company sells its products to original equipment manufacturers of cars and light trucks. It carries out the design, engineering, testing and manufacture of automotive systems; seating systems; closure systems; body and chassis systems; vision systems; electronic systems; exterior systems; powertrain systems; roof systems; hybrid and electric vehicles/systems; and complete vehicle engineering and contract manufacturing. The company operates through its manufacturing operations, product development, engineering and sales centers across Asia, Europe, North and South America. Magna is headquartered in Aurora, Ontario, Canada.
Headquarters
Canada
Address
337 Magna Drive, Aurora, Ontario, L4G7K1
Website
www.magna.com
Telephone
1 905 7262462
No of Employees
156,000
Industry
Automotive
Ticker Symbol & Exchange
MG (TSE)
Revenue (2024)
$42.0B
-1.9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-17.8%
(2024 vs 2023)
Market Cap*
$18.6B
Net Profit Margin (2024)
XYZ
-16.5%
(2024 vs 2023)
* As of and is in US$
Magna International Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Body Exteriors and Structures: | Design | Adas |
| Chassis Structures | Engineering | MezzoPanel |
| Exterior Systems and Modules | Testing | ClearView |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In July, the company secured a 250 kW 800V 2-speed eDrive system with Chery to advance next-generation electric drive technologies for localized production in China. |
| 2026 | Divestiture | In June, the company sold its European automotive lighting business to Light Mobility Solutions GmbH. |
| 2026 | Contracts/Agreements | In April, the company signed agreements to sell two automotive supplier businesses to Mutares SE & Co. KGaA. |
Competitor Comparison
| Key Parameters | Magna International Inc | Robert Bosch GmbH | Denso Corp | ZF Friedrichshafen AG | Hyundai Mobis Co Ltd |
|---|---|---|---|---|---|
| Headquarters | Canada | Germany | Japan | Germany | South Korea |
| City | Aurora | Stuttgart | Kariya | Friedrichshafen | Seoul |
| State/Province | Ontario | Baden-Wurttemberg | Aichi | Baden-Wurttemberg | Seoul |
| No. of Employees | 156,000 | 412,774 | 154,716 | 144,991 | 8,569 |
| Entity Type | Public | Private | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Robert F. MacLellan | Chairman | Executive Board | 2022 | 71 |
| Seetarama Swamy Kotagiri | Chief Executive Officer; Director; President | Executive Board | 2021 | 57 |
| Philip D. Fracassa | Executive Vice President; Chief Financial Officer | Senior Management | - | - |
| John H. Farrell | Chief Operating Officer; Executive Vice President | Senior Management | 2024 | - |
| Boris Shulkin | Chief Digital Officer; Executive Vice President; Chief Information Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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