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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 ...
Magna Powertrain is a major American manufacturer of transmission and drivetrain systems owned by Magna International. It was formed from multiple subsidiaries and acquisitions. It was formed from multiple subsidiaries and acquisitions.
In 2009, design and engineering services were moved to Troy, Michigan, and Magna International announced its intent to close the Syracuse plant. [12] The Syracuse New Process Gear plant had been planned for closure in November 2011, but was pushed back to the first quarter of 2012.
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]
Granite Real Estate Investment Trust (formerly MI Developments Inc.) is a Canadian-based REIT engaged in the acquisition, development, ownership and management of industrial, warehouse and logistics properties in North America and Europe. It was originally composed principally of former holdings of Magna International.
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Magna Steyr GmbH & Co KG was founded in 2001 after Magna International Inc. acquired a majority shareholding in Steyr-Daimler-Puch AG three years earlier. [4]During the second quarter of 2015, the Magna Steyr battery pack business was sold to Samsung SDI for approximately $120 million.