Profile: Magna International Inc (MG.TO)
26 May 2017
Magna International Inc. (Magna), incorporated on November 16, 1961, is a global automotive supplier. The Company's segments are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company's product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing. The Company has over 320 manufacturing operations and approximately 100 product development, engineering and sales centers in over 30 countries.
Body and Chassis Systems
The Company's operating unit, Cosma International, is an automotive supplier that provides a range of body, chassis and engineering solutions to its original equipment manufacturer (OEM) customers. The Company is a global supplier of light truck and sport utility vehicle (SUV) frames, as well as both suspension modules and complete body-in-white systems. Cosma International globally designs, engineers and manufactures photovoltaic (PV) mounting systems.
The Company, through its unit Magna Powertrain, has capabilities in powertrain design, development, testing and manufacturing. Its products and services include driveline systems, fluid pressure and controls, metal-forming solutions, and engineering solutions.
The Company, through its unit Magna Exteriors, offers a range of products for the automotive, commercial transportation, consumer and industrial markets. Its products include bumper fascia systems, exterior trim, modular systems, class A body panels and structural components for automotive, commercial truck, consumer and industrial markets. Its manufacturing divisions and engineering facilities are located in North America (Canada, the United States and Mexico), Europe (Germany, the United Kingdom, France, Belgium, Poland, Czech Republic, Romania, Turkey and Russia) and Asia (China and Japan).
The Company, through its unit Magna Seating, is engaged in the development and manufacture of complete seating systems, mechanism and hardware solutions, specialty mechanism solutions, seat structures, as well as foam and trim products for the automotive industry. Its capabilities include market and consumer research, concept development, design and engineering, testing, validation and manufacturing.
The Company's operating unit, Magna Mirror, offers a range of exterior and interior mirror systems, as well as actuators, electrochromic (EC) glass (auto-dimming), and door handle systems through manufacturing divisions and engineering facilities located in North America (the United States and Mexico), Europe (Austria, Germany, France, Spain, Sweden and Slovakia) and Asia (China, Japan and India). It offers products and services, including interior mirrors (prismatic and electronics) and overhead console technologies, and closures.
The Company's operating unit, Magna Closures, supplies closures, sealing, trim, engineered glass, and module systems to the global automotive industry. Its manufacturing divisions and engineering facilities are located globally across North America, South America, Europe and Asia. It offers SmartLatch and PureView slider. Its products and services include latching systems, hinges and wire forming, power closures, electronics, door modules, window systems, engineered glass, and sealing, trim and roof racks.
The Company covers a range of vehicle roof systems from development to production. The Company's range of services includes development and manufacturing of softtops, retractable hardtops, modular tops and hardtops. Its products and services include roof systems, testing centers, and running boards.
The Company's operating unit, Magna Electronics, provides electronic systems to the automotive industry. The Company focuses on the segments of driver assistance and safety, chassis and driveline control units, glow plug control units, as well as battery management systems. The central North American and European development locations are Auburn Hills (Michigan), the United States and Sailauf (near Frankfurt), Germany. Its products and services include driver assistance systems and electronic components.
Vehicle Engineering and Contract Manufacturing
The Company's Magna Steyr is an engineering and manufacturing partner for OEMs. Its products and services include engineering services, contract manufacturing and fuel systems. It also offers a portfolio of products and services for alternative drive and energy storage systems, fuel systems and door modules.
Magna International Inc
337 Magna Dr
AURORA ON L4G 7K1
Company Web Links
- UPDATE 1-Canadian auto parts maker Magna's profit beats estimates
- BRIEF-Magna Q1 earnings per share $1.53
- Canada's Magna International posts 19 pct rise in profit
- BRIEF-Magna International enters into JV with Chinese seating supplier
- CANADA STOCKS-TSX notches a nearly 6-week high, led by resource shares