Net Worth: $34.50 Billion

STATISTICS

Type	Public
Traded as	NYSE: MGA TSX: MG
Industry	Manufacturing
Founded	1957; 64 years ago
Founder	Frank Stronach
Headquarters	Aurora, Ontario ,Canada
Area served	Worldwide
Key people	Swamy Kotagiri, CEO Tommy J. Skudutis, Executive VP & COO Vincent J. Galifi, Executive VP & CF James J. Tobin, Executive Vice-President and President, Magna Asia Eric J. Wilds, Executive VP and Chief Sales & Marketing Officer Riccardo C. Trecroce, Executive VP and CLO Aaron D. McCarthy, Executive VP and CHRO Francis C. Seguin, Executive VP Corporate Projects and Strategy Development
Products	Automotive
Revenue	US$40.82 billion (2018)
Operating income	US$2.83 billion (2018)
Net income	US$2.29 billion (2018)
Total assets	US$25.94 billion (2018)
Total equity	US$11.83 billion (2018)
Number of employees	169,000 (2019)
Website	www.magna.com

About Magna International

Magna International Inc. is a Canadian mobility technology company for automakers with an estimated net worth of $34.50 billion. 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 Motor Company and FCA, as well as BMW, Mercedes, Volkswagen, Toyota, Tesla, and Tata Motors, among others.

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.