MAGNA INTERNATIONAL INC
Magna International Inc. is a Canadian parts manufacturer for automakers. It is one of the largest companies in Canada and was recognized on the 2020 Forbes Global 2000. The company is the largest automobile parts manufacturer in North America by sales of original equipment parts; it has ranked consistently in the Fortune Global 500 list for 20 years in a row since 2001. It produces automotive systems, assemblies, modules, and components, which are supplied to General Motors, Ford and Stellantis, as well as BMW, Mercedes, Volkswagen, Toyota, Tesla, and Tata Motors, among others.
Basic company information
Each field links to its source. Financial figures retain their reporting periods; background references are identified in the source list.
- Business sectors
- automotive industry [1]
- Company / filing name
- MAGNA INTERNATIONAL INC [2]
- Headquarters location
- Aurora [1]
- Founded
- 1957 [1]
- Legal form
- business corporation [1]
- Founders
- Frank Stronach [1]
- Official website
- www.magna.com ↗ [1]
- ISIN (reported securities)
- CA5592224011 [1]
- CIK
- 749098 [2]
- Country in background record
- Canada [1]
- Symbols / exchanges
- MGA (NYSE) [2]
Company positioning and business
Magna International Inc. is a Canadian parts manufacturer for automakers. It is one of the largest companies in Canada and was recognized on the 2020 Forbes Global 2000. The company is the largest automobile parts manufacturer in North America by sales of original equipment parts; it has ranked consistently in the Fortune Global 500 list for 20 years in a row since 2001. It produces automotive systems, assemblies, modules, and components, which are supplied to General Motors, Ford and Stellantis, as well as BMW, Mercedes, Volkswagen, Toyota, Tesla, and Tata Motors, among others. [3]
The company is headquartered in Aurora, Ontario, and its chief executive officer is Swamy Kotagiri. It has 158,000 employees in 342 manufacturing operations and 91 product development, engineering and sales centres in 27 countries. Magna is governed under a corporate constitution which calls for distribution of profits to employees and shareholders. The terms of this contract are a "fair enterprise system" according to company founder Frank Stronach. [3]
Background text: Wikipedia contributors, Magna International. Selected introductory paragraphs, licensed under CC BY-SA 4.0. Official filing data is cited separately.
Financial year, securities and disclosures
Listed securities: MGA (NYSE). Multiple symbols may represent different share classes or securities of the same registrant. [2]
History and key events
Founding / inception date recorded in Wikidata. [1]
Financial results and regulatory disclosures
No individual financial documents have been indexed yet. Open the source to consult company disclosures. [2]
Related entities and concepts
Frequently asked questions
When was MAGNA INTERNATIONAL INC founded?
Founded: 1957. The linked source provides the background record. [1]
Where is the headquarters of MAGNA INTERNATIONAL INC?
Headquarters location: Aurora. The linked source provides the background record. [1]
Which business sectors are recorded for MAGNA INTERNATIONAL INC?
Business sectors: automotive industry. The linked source provides the background record. [1]
Sources and review dates
- Wikidata — company background record (CC0) ↗
- Company identity and profile data ↗
- Wikipedia contributors — Magna International (CC BY-SA 4.0) ↗
Reviewed 23 October 2026. Financial periods and historical event dates are shown separately. Figures reflect their stated source dates; this page is not a live quote or investment recommendation.