Magna International Inc - Company Profile
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Business Description
Magna International Inc (Magna) is a mobility technology company that develops and manufactures automotive systems, assemblies, modules and components. It provides these products to original equipment manufacturers of cars and light trucks. The company operates through five business segments: Body Exteriors and Structures, Power and Vision, Seating Systems, Complete Vehicles and Corporate and Other. The company has an operational presence in 28 countries.
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R&D Overview
The company’s research and development (R&D) efforts center on technology and product advancement through sophisticated engineering. It also collaborates with other firms and academic institutions to pursue technological innovation together. The company further prioritizes introducing new products and technologies by leveraging its innovative strengths. Magna’s R&D also targets driver assistance, developing innovations that improve road safety for all. Its full-system solutions, scalable domain controllers, and broad ADAS portfolio make vehicles smarter and deliver enhanced driving comfort. In eco-innovation, the company powers the wheels with electrified powertrain solutions, controls airflow via active aerodynamics, and reduces vehicle weight using innovative materials. In FY2025, the company incurred R&D expenses of US$792 million, which as a percentage of total revenue, stood at 1.8% and decreased 9.3% YoY.
Business Segments
- Body Exteriors and Structures
- Complete Vehicles
- Corporate and Other
- Power and Vision
- Seating Systems
Overview
Comprises operations related to body and chassis business, roof systems, sealing systems exteriors, and fuel systems.
Performance
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Overview
Includes the company’s contract manufacturing operations and complete vehicle engineering centers.
Performance
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Overview
Intercompany fees charged to the automotive segments.
Performance
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Overview
Comprises operations related to powertrain, mirrors, lighting electronics, and mechatronics.
Performance
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Overview
Includes the operations of complete seat assembly facilities and trim, foam, structures and mechanisms.
Performance
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Geographical Segments
Target Markets
China, Japan, India, Thailand, South Korea.
Performance
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Target Markets
Austria, Germany, Italy, Czech Republic, Poland, United Kingdom, Russia, Spain, Turkey, France, Slovakia and Other Europe.
Performance
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Target Markets
Canada, the US and Mexico.
Performance
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Performance
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