Magna International Inc - Company Profile
Powered by
All the data and insights you need on Magna International Inc in one report.
- Save hours of research time and resources with
our up-to-date Magna International Inc Strategy Report
- Understand Magna International Inc position in the market,
performance and strategic initiatives.
- Gain competitive edge and increase your
chances of success
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
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. 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.
Magna International Inc premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Body Exteriors and Structures: | Design | ADAS |
Chassis Structures | Testing | FREEFORM |
Body Structures | Engineering | MezzoPanel |
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 |
---|---|---|
2024 | Acquisitions/Mergers/Takeovers | In May, the company acquired HE System Electronic GmbH from TKH Group N.V. |
2024 | Contracts/Agreements | In May, the company entered into a power purchase agreement with Woodburn Capital Partners under which Woodburn will construct and manage a 2.4 MW photovoltaic array on one of Magna Bohemia’s factories in the Czech Republic. |
2024 | Contracts/Agreements | In April, the company entered into a strategic partnership with Sanctuary AI to expand general-purpose AI robots for use in the company's manufacturing operations. |
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-Shi | Friedrichshafen | Seoul |
State/Province | Ontario | - | Aichi | Baden-Wurttemberg | - |
No. of Employees | 179,000 | 429,416 | 164,572 | 168,738 | 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 | 69 |
Seetarama Kotagiri | Chief Executive Officer; Director | Executive Board | 2021 | 54 |
Patrick W.D. McCann | Executive Vice President; Chief Financial Officer | Senior Management | 2022 | - |
Eric J. Wilds | Chief Marketing Officer; Chief Sales Officer; Executive Vice President | Senior Management | 2020 | - |
Bruce R. Cluney | Chief Legal Officer; Executive Vice President | Senior Management | 2020 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Access more premium companies when you subscribe to Explorer