Magna International Inc.

Magna International Inc. is a leading global automotive supplier with a presence in 29 countries and over 166,000 employees. It is one of the world’s largest automotive parts manufacturers, specializing in the design, engineering, and manufacturing of components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks. Magna International Inc. operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.

The Body Exteriors & Structures segment provides body and chassis, exterior, and roof systems, as well as battery enclosures and engineering and testing services, 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. The Power & Vision segment offers hybrid and electric drive systems, motors, inverters, onboard chargers, and e-clutch; dedicated hybrid, dual and hybrid dual, and manual transmissions; AWD/4WD products and rear drive modules; transmission, engine, driveline components, engine drive plates, and accessories; engineering services; advanced driver assistance systems and sensors, and electronic control units; interior and exterior mirrors, camera and driver monitoring systems and electronics, actuators, door handles, and overhead consoles; forward, rear, and auxiliary lighting products; latching, door modules, window, power closure, and hinges and wire forming systems; and modular and textile folding roofs, and hard and soft tops. The Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The Complete Vehicles segment offers vehicle engineering and manufacturing services. The company also designs, engineers, and manufactures tooling products.

Magna International Inc. is a Fortune 500 company with a long history of innovation, having been founded in 1957. It is a publicly traded company with a market capitalization of over $30 billion and has been listed on the Toronto Stock Exchange since 1986. It is one of the world’s leading automotive suppliers, with over $40 billion in sales in 2019. Magna’s customers include some of the world’s largest and most respected automotive manufacturers such as BMW, Ford, General Motors, Honda, and Toyota. The company has a strong presence in the US, Europe, and Asia and is well-positioned to benefit from the growing demand for electric and hybrid vehicles.