Magna International is a Canadian automotive parts manufacturer headquartered in Aurora, Ontario, the largest automobile parts manufacturer in North America by sales of original equipment parts. It produces automotive systems, assemblies and components supplied to major automakers including General Motors, Ford, Volkswagen and Toyota, and is governed under a corporate constitution, established by founder Frank Stronach, that calls for distribution of profits to employees as well as shareholders.
Facts
Company TypeCanadian automotive parts manufacturer 2 Founded Year HeadquartersAurora, Ontario, Canada 2 Company Type
Company Type (category) FAQs
How did Magna International get its start?
It began as Frank Stronach's one-man tool and die shop, Multimatic, in Toronto.
Magna's own company history traces it to a one-man tool and die shop that Frank Stronach opened in Toronto under the name Multimatic. That shop received its first part contract from General Motors in Oshawa, Ontario, to produce metal-stamped sun visor brackets.
Connections
Operates In
A major automotive manufacturer; classified in the atlas automotive-industry.
In the Other Atlases
Located In
Also in Geography Atlas: where this subject is located.
Source Wikipedia, Magna InternationalLead paragraph of the cited Wikipedia articletier 2Quote, Lead paragraph of the cited Wikipedia article
It is one of the largest companies in Canada and was recognized on the 2020 Forbes Global 2000.
Sources
1. Wikidata: Magna International
- Wikidata Q697311, class allow-list match (w-wdresolver-0926)
- Wikidata Q697311 P31=Q891723 (public) (w-bbfill-business4-0926 knownqid fetch)
View the Source2. Wikipedia, Magna International
WikipediaLead section
Magna International Inc. is a Canadian parts manufacturer for automakers.
Infobox: founded
1957
Second paragraph, lead section
The company is headquartered in Aurora, Ontario, and its chief executive officer is Swamy Kotagiri.
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