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Stronach was born in Newmarket, Ontario, Canada, to Austrian parents Elfriede Sallmutter, and Frank Stronach, Magna International founder and chairman. [4] She graduated from Newmarket High School and in 1985 attended York University, Toronto, Canada, where she studied business and economics, until dropping out one year later to work at Magna.
Magna International Inc. is a Canadian parts manufacturer for automakers. It is one of the largest companies in Canada and was recognized on the 2020 Forbes Global 2000. [ 3 ] The company is the largest automobile parts manufacturer in North America by sales of original equipment parts; it has ranked consistently in the Fortune Global 500 list ...
In March 2000, Magna International distributed shares in its new division to its current stockholders, establishing MEC as a separate public company. [3] Magna Entertainment filed for Chapter 11 bankruptcy. The Stronach Group entered the horse racing industry by purchasing Magna Entertainment Corporation's former holdings from MI Developments. [4]
Frank Stronach CM (born 6 September 1932) is an Austro-Canadian billionaire businessman and politician.. Frank Stronach (2013) He is the founder of Magna International, an international automotive parts company based in Aurora, Ontario, Canada, Granite Real Estate, and the Stronach Group.
In 2009, Magna Entertainment Corporation, which was majority owned by MI Developments, went bankrupt. [2] In the preceding years, MI Developments had provided significant debt financing to MEC, often against the wishes of many of its shareholders, who alleged that the transfers benefited Frank Stronach at the expense of MI Developments.
Newmarket is an English card game of the matching type for any number of players. It is a domestic gambling game , involving more chance than skill, and emerged in the 1880s as an improvement of the older game of Pope Joan .
Newmarket's location on the Holland River enabled travel between Lake Ontario and Lake Simcoe.A portage route, the Toronto Carrying-Place Trail, ran one of its two routes up the Holland River through the Newmarket area, and over the Oak Ridges Moraine to the Rouge River and into Lake Ontario.
NewMarket Corporation was founded in 1887 as the Albemarle Paper Manufacturing Company. [19] In 1964, Albemarle Paper Manufacturing Company acquired Ethyl Corporation, [ 20 ] a company started in 1924 by Charles Kettering following the development of Tetraethyllead , an anti-knocking agent for gasoline engines in passenger vehicles.