Magna International Inc - Company Profile
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Business Description
Magna International Inc (Magna) is a mobility technology company that develops and manufactures automotive systems, assemblies, modules and components. It provides these products to original equipment manufacturers of cars and light trucks.
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R&D Overview
Research and development (R&D) activities of the company is focused on technology and product development through advanced engineering. The company also works in collaboration with other companies and educational institutions to jointly carry out technological innovations. The company is also focused on launching new products and technologies through its innovative capabilities. In FY2022, the company incurred an R&D expense of US$649 million, which as a percentage of total revenue stood at 1.7% and increased 2.4% YoY.
Business Segments
Overview
Comprises operations related to body and chassis business, roof systems, sealing systems exteriors, and fuel systems.
Performance
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Overview
Includes the company’s contract manufacturing operations and complete vehicle engineering centers.
Performance
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Overview
Comprises operations related to powertrain, mirrors, lighting electronics, and mechatronics.
Performance
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Overview
Includes the operations of complete seat assembly facilities and trim, foam, structures and mechanisms
Performance
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Geographical Segments
Target Markets
China, Japan, India, Thailand, South Korea.
Performance
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Target Markets
Austria, Germany, Italy, Czech Republic, Poland, United Kingdom, Russia, Spain, Turkey, France, Slovakia, Other Europe.
Performance
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Target Markets
Canada, the US and Mexico.
Performance
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Performance
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