Magna International Inc

MGA

Company Profile

  • Business description

    Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2023, 48% of Magna's $42.8 billion of revenue came from North America while Europe accounted for approximately 38% and Asia the remainder. The firm's top six customers constituted 76% of revenue with the top three being GM, Mercedes, and BMW. GM was the largest contributor at 14%. The company was founded in 1957, has over 179,000 employees, and is based in Aurora, Ontario.

  • Contact

    337 Magna Drive
    AuroraONL4G 7K1
    CAN

    T: +1 905 726-2462

    https://www.magna.com

  • Sector

    Consumer Cyclical

    Stock type

    Cyclical

  • Industry

    Auto Parts

    Fiscal Year End

    31 December 2024

    Employees

    177,000

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