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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 stated the new company would better address the growing importance of all-wheel drive powertrains. [2] In September 2004, [3] Magna acquired the global operations of New Venture Gear from DaimlerChrysler for an estimated price of $435 million, and integrated it with Magna Drivetrain. The acquisition helped establish the newly formed Magna ...
On 31 August 2015, the company announced the acquisition of Magna Interiors, the interiors business of Magna International. [ 1 ] [ 2 ] Grupo Antolín acquired an automobile parts manufacturing plant in Nashville, Illinois , originally established in 1987 as Ligma Corporation, a joint venture between Magna International and Lignotock of West ...
Magna International opened the doors to a new 170,000-square-foot mirror manufacturing facility in Duncan Thursday that will employ about 255 workers. Magna Mirrors opens Duncan plant, to supply ...
Magna Steyr Fahrzeugtechnik GmbH & Co KG is an automobile manufacturer based in Graz, Styria, Austria, where its primary manufacturing plant is also located. It is a subsidiary of Canadian-based Magna International and was previously part of the Steyr-Daimler-Puch conglomerate.
The location of each company's headquarters and its industry sector are also listed in the table below.The figures are in billions of US dollars and are for the year 2018. All 56 companies from Canada are listed. [3]
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.
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