Magna International Inc. is a Canadian multinational automotive company with a rich history dating back to its founding in 1957. The company was established in Toronto, Canada, by Frank Stronach and his partners. Today, it has become one of the largest automotive suppliers in the world.
Magna International operates in various segments of the automotive industry, including the design, development, and manufacturing of automotive systems, modules, and components. The company provides solutions to automakers around the globe, offering a wide range of products such as body exteriors, seating systems, powertrains, and electronics.
The company has a strong focus on research and development, consistently working to develop cutting-edge solutions and improve the performance, safety, and efficiency of vehicles. The company's strength lies in its ability to provide comprehensive solutions and services to automakers. Its collaborative approach with customers and its expertise in multiple areas of automotive manufacturing have made it a trusted partner in the industry.
Magna International is a publicly traded company listed on both the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) under the ticker symbol "MG." Its dual listing provides the company with increased access to capital markets and global investors.