Magna International Inc.
Auto Parts
Magna started in 1957 as a one-man tool-and-die shop in a Toronto garage, founded by Austrian immigrant Frank Stronach. Seven decades later it is the most diversified auto supplier in the world: 179,000 employees across roughly 340 manufacturing plants in 28 countries, with 2023 sales near US$42 billion.
Unusual for a parts maker, Magna can build an entire car. Its complete-vehicle assembly unit has produced millions of vehicles for brands including Mercedes-Benz (the G-Class) and BMW, while its component divisions span body exteriors, seating, powertrain, mirrors, lighting, electronics, and mechatronics such as smart door systems. The company is also a major EV supplier, manufacturing battery enclosures, e-drive units, and thermal management systems.
Buyers work with Magna for a specific reason: one supplier that can handle a system rather than just a part, with engineering centers near most OEM plants and a launch-quality record that keeps it on virtually every automaker's approved vendor list.
