Magna International Inc - Company Profile
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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. 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
Website
www.magna.com
Telephone
1 905 7262462
No of Employees
179,000
Industry
Automotive
Ticker Symbol & Exchange
MG (TSE)
Revenue (2022)
$42.8B
13.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
104.9%
(2022 vs 2021)
Market Cap*
$14.4B
Net Profit Margin (2022)
XYZ
81.4%
(2022 vs 2021)
* As of and is in US$
Magna International Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Body Exteriors and Structures: | Design | ADAS |
| Chassis Structures | 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 | 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. |
| 2024 | Contracts/Agreements | In March, the company, Wipro, and General Motors signed an agreement to acquire a 27% stake in SDVerse. |
| 2024 | Contracts/Agreements | In March, the company along with General Motors and Wipro Limited partnered to launch a B2B sales platform called SDVerse for buying and selling automotive software. |
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 | 421,338 | 164,572 | 151,895 | 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 | Chief Financial Officer; Executive Vice President | Senior Management | 2022 | - |
| Eric J. Wilds | Executive Vice President; Chief Marketing Officer; Chief Sales Officer | Senior Management | 2020 | - |
| Bruce R. Cluney | Executive Vice President; Chief Legal Officer | 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 |
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