Magna International (NYSE:MGA) is a global automotive supplier that designs, develops and manufactures a broad range of vehicle components, systems and modules. The company serves major original equipment manufacturers (OEMs) with products spanning body exteriors, chassis, powertrain, seating, mirrors, door systems and closures. In addition to component manufacturing, Magna offers comprehensive engineering, testing and assembly services, supporting customers from initial concept through to full-vehicle production.
Founded in 1957 by Frank Stronach in Ontario, Canada, Magna International began as a small tool and die shop and has since grown into one of the world’s largest automotive suppliers. Throughout its history, the company has expanded through strategic acquisitions and joint ventures, enhancing its capabilities in electronics, lightweight materials and advanced driver assistance systems (ADAS). Magna’s evolution has been marked by a commitment to innovation, reflected in its investment in research and development facilities across North America, Europe and Asia.
Magna operates in over 25 countries, with manufacturing plants, engineering centers and technical hubs on five continents. Its global footprint allows it to support automakers in key markets including the United States, Canada, Mexico, Germany, China and India. The company’s product portfolio addresses the full spectrum of vehicle architectures, from internal combustion and hybrid powertrains to fully electric platforms. Recent initiatives have focused on electrification, autonomous driving technologies and lightweighting solutions to improve vehicle efficiency and safety.
Under the leadership of CEO Swamy Kotagiri, who was appointed in early 2021, Magna continues to pursue strategic partnerships and technology collaborations aimed at shaping the future of mobility. The executive team emphasizes sustainability, digitalization and customer-centric innovation as core tenets of the company’s growth strategy. With a diverse workforce of more than 160,000 associates worldwide, Magna International remains poised to adapt to evolving industry trends and deliver value to automakers and stakeholders alike.
