Magna International Inc. , is an automotive supplier headquartered in Aurora, Ontario, Canada. It is North America's largest automobile parts manufacturer, and one of Canada's largest companies. It owns the Magna Steyr automobile production company of Austria. Magna manufactures auto parts that are primarily supplied to GM, Ford Motor Company, and Chrysler LLC. In addition to the Big 3 U.S. automakers, Magna's major customers include Volkswagen, BMW and Toyota. In Europe, Magna Steyr holds contracts for the assembly of the Peugeot RCZ, Aston Martin Rapide and Mini Countryman. Magna has... approximately 104,000 employees in 269 manufacturing operations and 84 product development, engineering and sales centres in 26 countries. The company was founded in 1957 by the Austrian-born Frank Stronach as Multimatic. This company merged with Magna Electronics in 1969, and the combined company became Magna International in 1973. Magna acquired 80% of New Venture Gear, once a joint-venture between General Motors and Chrysler, in September 2004, and combined it into Magna Powertrain. It assumed full ownership in 2007.
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| NYSE symbol: | MGA |
| Founded: | 1957 |
| Headquarters: | Aurora, Canada |
| Annual revenue: | $23,704,000,000 |
| Net income: | $-39,000,000 |
| Operating income: | $1,703,000,000 |
| Market cap: | $8,800,000,000 |
| Employees: | 84,000 |
| Industries: | Manufacturing, Motor Vehicle Body Manufacturing, Motor Vehicle Parts and Accessories |