Magna International Inc

Company Profile

• Business description

  Magna International prides itself on an entrepreneurial culture and a corporate constitution that outlines the 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 2024, 48% of Magna's USD 42.8 billion of revenue came from North America, while Europe accounted for approximately 37% and Asia the remainder. The firm's top six customers constituted 72.9% of revenue, with the top three being GM, Mercedes, and Ford. GM was the largest contributor at 15.4%. Magna was founded in 1957, has over 170,000 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 2026

  Employees

  170,000