Profile: Magna International Inc (MGA.N)
Magna International Inc. (Magna), incorporated on November 16, 1961, is an automotive supplier. The Company's segments are North America, Europe, Asia, Rest of World, and Corporate and Other. Its product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing. The Company has over 290 manufacturing operations and over 80 product development, engineering and sales centers in approximately 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. The Company produces a range of body-in-white solutions from the smallest stamping up to assembled body-in-white modules, such as the SMART fortwo built for Mercedes-Benz in Europe and the Ford Fusion. Exterior sheetmetal and closure systems, as well as body structure assemblies and energy management solutions are all part of body system product mix. The Company utilizes the hydroforming process of the vehicle frame and subframe product lines, and delivers sequenced chassis modules direct to its customers. The Chassis Systems include frames and chassis subframes; suspension links and arms, and chassis modules. The Company designs, engineers and manufactures photovoltaic (PV) mounting systems. The Company offers vehicle program management, virtual engineering, prototype and testing.
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 services and system integration.
The Company, through its unit Magna Exteriors, offers various 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 Mirrorr, offers a variety 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), Asia (China, Japan and India) and South Africa. It offers products and services, including interior mirrors (prismatic and electronics), exterior mirrors, actuators, electronic vision systems, door handle and overhead console technologies, and closures.
The Company's operating unit, Magna Closures, supplies closure systems and modules to automotive industry. Its products and services include door modules, window systems, power closure systems, latching systems, handle assemblies, driver controls, obstacle detection systems, European testing center, engineered glass, sealing systems, roof systems, lighting systems and closures testing laboratories.
The Company's covers the spectrum of vehicle roof systems from development to production. Its range of services includes development and manufacturing of softtops, retractable hardtops, modular tops and hardtops. Its products and services include door modules, window systems, power closure systems, latching systems, handle assemblies, driver controls, obstacle detection and engineered glass.
The Company's operating unit, Magna Electronics, provides electronic systems through manufacturing facilities and engineering divisions located around the world. Its capabilities include driver assistance systems, as well as systems to support the powertrain electrification. It manufactures and assembly of electronic, electromechanical and mechatronical products, soft- and hardware development, numerical simulation, layout and design, prototyping and project management and delivers electronic solutions to the automotive industry. 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 original equipment manufacturers (OEMs). Its products and services include engineering services, vehicle contract manufacturing, fuel systems and battery 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
- BRIEF-Magna to acquire automotive closure systems supplier
- BRIEF-Magna says will build new BMW 5 series
- CANADA STOCKS-TSX rises as Magna jumps, U.S. jobs data boosts sentiment
- UPDATE 2-Magna profit grows more than expected on robust auto sales; stock up
- BRIEF-Magna Q2 diluted EPS from continuing operations $1.41