What is Magna known for?

What is Magna known for?

Company Description Magna International, Inc. is a mobility technology company, which supplies to the automotive industry. It operates through the following segments: Body Exteriors and Structures, Power and Vision, Seating Systems, and Complete Vehicles.

Who owns Magna Corp?

Stronach Group
He is the founder of Magna International, an international automotive parts company based in Aurora, Ontario, Canada, Granite Real Estate, and The Stronach Group. With an estimated net worth of $CAD 3.06 billion (as of December 2017), Stronach was ranked by Canadian Business as the 31st Richest Canadian.

How many Magna locations are there?

With more than 135 manufacturing facilities and over 69,500 employees throughout Canada, Mexico, and the United States, Magna is helping to forge this dramatic shift in the continent’s largest manufacturing industry.

How many countries is Magna in?

28 countries
About Magna’s Global Footprint* Our operations span five continents and 28 countries, giving us a global footprint to support every major automaker in the world. An investment in Magna is an investment in a global network of 347 manufacturing operations and 90 product development, engineering and sales centres .

How many Magna plants are there in Ontario?

46 auto plants
Magna operates 46 auto plants in Canada, all in Ontario where the major auto makers’ assembly plants are located.

Who does Magna manufacture for?

Its contract manufacturing subsidiary, Magna Steyr, builds premium vehicles at a factory in Graz, Austria, including the Mercedes-Benz G-Class, the electric Jaguar I-Pace, the BMW Z4 sportscar and its platform sibling, the Toyota Supra.

Is Magna International a good buy?

Magna International has received a consensus rating of Buy.

How large is Magna?

It is one of the largest companies in Canada and was recognized on the 2020 Forbes Global 2000….Magna International.

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)
Number of employees 169,000 (2019)


Back to Top