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In February 2015, Samsung SDI agreed to purchase the battery pack business from Magna Steyr, an Austrian operating unit of Magna International, for $120 million. [16] Magna International partnered with Argus Cyber Security after joining in a 2015 Series B funding round to access the company's security technology. [17] The company sold its ...
Walker began his career in the automotive industry working for General Motors. From 1980 to 1987, he held various engineering and manufacturing positions at the company. In 1987, wanting to start his own automotive company, he met with Frank Stronach, founder of Magna International, to see if he would be interested in establishing a joint ...
Power Corporation of Canada: Montreal 40.0 1.0 326.7 11.4 Finance 17 427 Magna International: Aurora 40.8 2.3 25.9 18.3 Automotive parts 18 501 National Bank of Canada: Montreal 8.4 1.7 200.5 15.9 Banking 19 566 Rogers Communications: Toronto 11.6 1.6 23.4 26.6 Telecommunication 20 623 Teck Resources: Vancouver: 9.7 2.4 29.0 14.1 Mining 21 625 ...
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.
Magna Entertainment Corporation (MEC) was created in 1999 by parent company Magna International Inc. Magna International, a major automotive supplier based in Ontario, Canada, underwent a corporate reorganization in which its non-automotive businesses and interests were transferred to MEC.
In 1988, Magna formed Tesma International to manufacture engine and transmission parts. Tesma was spun off into a public company in 1995 while retaining affiliation with Magna. [1] In 2001, founded Magna Steyr (through an acquisition), to engineer, develop and assemble automobiles for other companies on a contractual basis.