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Magna International Inc: Overview

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Magna International Inc (Magna) is a mobility technology company that offers modular solutions for system and part, and full-vehicle assembly. The company sells its products to original equipment manufacturers of cars and light trucks. It undertakes 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. Its major customers of the company include General Motors, BMW, Ford, Fiat Chrysler, and Daimler, among others. The company operates through its manufacturing operations, product development, engineering and sales centers across Asia, Europe, North and South American regions. Magna is headquartered in Aurora, Ontario, Canada.

Headquarters Canada

Address 337 Magna Drive, Aurora, Ontario, L4G7K1


No of Employees 158,000

Industry Automotive

Ticker Symbol & Exchange MG (TSE)
Revenue (2020) $32.6B -17.2% (2020 vs 2019)

EPS XXX

Net Income (2020) XXX -57.1% (2020 vs 2019)

Market Cap* $25.3B

Net Profit Margin (2020) XXX -48.2% (2020 vs 2019)

* As of and is in US$

Products and Services

Products Services Brands
Body Exteriors and Structures: Design ADAS
Body Structures Engineering FREEFORM
Chassis Structures Testing ClearView
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2021 Contracts/Agreements In October, the company terminated its agreement to merge with Veoneer.
2021 Contracts/Agreements In July, the company and LG Electronics entered into a joint venture agreement to form LG Magna e-Powertrain.
2021 Contracts/Agreements In July, the company agreed to acquire Veoneer Inc for US$3.8 billion.
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Competitor Comparison

Key Parameters Magna International Inc Robert Bosch GmbH Denso Corp Continental AG ZF Friedrichshafen AG
Headquarters Canada Germany Japan Germany Germany
City Aurora Gerlingen Kariya-Shi Hannover Friedrichshafen
State/Province Ontario Baden-Wurttemberg Aichi - Baden-Wurttemberg
No. of Employees 158,000 407,538 168,391 233,365 153,522
Entity Type Public Private Public Public Private
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Executives
Name Position Board Since Age
William L. Young Chairman Executive Board 2012 66
Seetarama (Swamy) Kotagiri Chief Executive Officer; Director Executive Board 2021 54
Vincent J. Galifi Executive Vice President; Chief Financial Officer Senior Management 1997 61
Tommy J. Skudutis Executive Vice President; Chief Operating Officer - Exteriors and Interiors Senior Management 2018 -
Bruce R. Cluney Chief Legal Officer; Executive Vice President Senior Management - -
Non Dignissim Eros Proin vel Convallis 2021 XX
Non Dignissim Eros Proin vel Convallis 2021 XX
Non Dignissim Eros Proin vel Convallis 2021 XX
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