Magna International Inc. (TSX: MG), is an automotive supplier headquartered in Aurora, Ontario, Canada. It is Canada's largest automobile parts manufacturer, and one of the country's largest companies. It owns the Magna Steyr automobile production company of Austria.
Magna also 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 96,000 employees in 256 manufacturing operations and 82 product development, engineering and sales centres in 26 countries. – less