Magna International Inc - Company Profile
Powered by 
All the sales intelligence you need on Magna International Inc in one solution.
- Save hours of research time with a comprehensive
Sales Intelligence Solution.
- Understand how Magna International Inc fits into your total
addressable market and Ideal Customer Profile.
- Gain competitive edge with triggers that tell you
when and how to engage with Magna International Inc.
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward
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.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
R&D Overview
The research and development (R&D) activities of the company focus on technology and product development through advanced engineering. The company also works in collaboration with other companies and educational institutions to jointly carry out technological innovations. The company also focuses on launching new products and technologies by harnessing its innovative capabilities. Magna’s R&D also focuses on driver assistance with innovations that enhance road safety for everyone. Its full-system solutions, scalable domain controllers, and comprehensive suite of ADAS products make vehicles smarter and provide greater driving comfort. In eco-innovation, the company delivers power to the wheels with electrified powertrain solutions, manages airflow through active aerodynamics, and optimizes vehicle weight with innovative materials. In FY2024, the company incurred R&D expenses of US$874 million, which as a percentage of total revenue, stood at 2% and increased 1.4% 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
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Overview
Includes the company’s contract manufacturing operations and complete vehicle engineering centers.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Overview
Intercompany fees charged to the automotive segments.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Overview
Comprises operations related to powertrain, mirrors, lighting electronics, and mechatronics.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Overview
Includes the operations of complete seat assembly facilities and trim, foam, structures and mechanisms.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Geographical Segments
Target Markets
China, Japan, India, Thailand, South Korea.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Target Markets
Austria, Germany, Italy, Czech Republic, Poland, United Kingdom, Russia, Spain, Turkey, France, Slovakia and Other Europe.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Target Markets
Canada, the US and Mexico.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer