MAGNA INTERNATIONAL INC (MG)

Equity
Sell: 73.36 CAD|Buy: 73.74 CAD|Change: 0.32 (-0.43%)

Company profile

Magna International prides itself on an entrepreneurial culture and a corporate constitution that outlines the distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2024, 48% of Magna's USD 42.8 billion of revenue came from North America, while Europe accounted for approximately 37% and Asia the remainder. The firm's top six customers constituted 72.9% of revenue, with the top three being GM, Mercedes, and Ford. GM was the largest contributor at 15.4%. Magna was founded in 1957, has over 170,000 employees, and is based in Aurora, Ontario.

Address

337 Magna Drive
Aurora
ON
CAN
L4G 7K1


Sector 

Consumer Cyclical


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