Company
Magna International Inc.
Headquarters: Aurora, ON, Canada
Founded: 1957
Employees: 158,000
CEO: Mr. Seetarama Swamy Kotagiri
Market Cap
C$23.16 Billion
CAD as of Jan. 1, 2023
US$17.06 Billion
Magna International Inc. Categories
Canada
languages
Consumer Discretionary
languages
Auto Parts
Canada Consumer Discretionary
Canada Auto Parts
Company Description
Magna International Inc. is one of the world's largest automobile parts manufacturer and supplier. Providing its products to several of the world's largest car manufacturers, Magna International regroups hundreds of manufacturing plants and tens of product development, engineering and sales centers across 29 countries.
Top Competitors by Market Capitalization
Industry: Auto Parts
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|---|---|
DENSO Corp
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$35.87 B |
Aptiv PLC
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$25.18 B |
|
Bridgestone Corp
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$23.47 B |
Michelin
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$21.58 B |
LKQ Corporation
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$14.55 B |
Alibaba
Detailed Description
Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. The company operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. Its Body Exteriors & Structures segment provides body and chassis systems, as well as engineering and testing services; exterior systems, including fascia and trims, front end modules, front integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, and side doors; and roof systems, such as modular and textile folding roofs, and hard and soft tops. The company's Power & Vision segment offers dedicated hybrid, dual and e-clutch, and manual transmissions; engine drive plates and accessories; AWD/4WD products, rear drive modules, and hybrid and battery electric drive systems; transmission, engine, and driveline components; advanced driver assistance systems, camera systems, ultrasonic sensors, and electronic controllers; interior and exterior mirrors, actuators, door handles, overhead consoles, and camera monitoring systems; head, tail, and fog lamps; signal and other lighting products; and latching systems, door modules, window systems, power closure systems, hinges and wire forming, and handle assemblies. Its Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The company's Complete Vehicles segment offers vehicle manufacturing and engineering services. It also designs, engineers, and manufactures tooling products. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.
Product & Services
Automotive
Key People
Founder(s): Frank Stronach
Swamy Kotagiri, CEO Tommy J. Skudutis, Executive VP & COO Vincent J. Galifi, Executive VP & C F James J. Tobin, Executive Vice- President and President, Magna Asia Eric J. Wilds, Executive VP and Chief Sales & Marketing Officer Riccardo C. Trecroce, Executive VP and C L O Aaron D. Mc Carthy, Executive VP and C H R O Francis C. Seguin, Executive VP Corporate Projects and Strategy Development
Financials
Revenue: US$40.82 billion (2018)
Operating income: US$2.83 billion (2018)
Net income: US$2.29 billion (2018)
Total assets: US$25.94 billion (2018)
Total equity: US$11.83 billion (2018)