MGA 📈 Magna International - Overview

Magna International Inc, a global leader in the automotive industry, specializes in designing, engineering, and manufacturing a wide range of components, assemblies, and systems for original equipment manufacturers of vehicles and light trucks worldwide. The company's operations are divided into four distinct segments, each catering to specific needs of the automotive industry. These segments include Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles, allowing Magna to provide a comprehensive suite of products and services to its clients.

The Body Exteriors & Structures segment is responsible for producing a variety of components, such as body and chassis systems, battery enclosures, and exterior products like fascia, trims, and front end modules. Additionally, this segment offers engineering and testing services, further solidifying Magna's position as a one-stop solution for automotive manufacturers. The range of exterior products also includes integration panels, liftgate modules, active aerodynamics, and engineered glass, among others, demonstrating the company's commitment to innovation and quality.

The Power & Vision segment is focused on developing and manufacturing electric drive systems, components, and other related products. This includes emotors, inverters, onboard chargers, and gearboxes, as well as dedicated hybrid drives and transmission systems. The segment also produces a range of vision-related products, such as camera modules, radars, and domain controllers, highlighting Magna's emphasis on safety and advanced technology. Furthermore, the Power & Vision segment offers various other components, including latching systems, door modules, and power systems, showcasing the company's ability to provide a broad spectrum of automotive solutions.

The Seating Systems segment concentrates on designing and manufacturing seat structures, mechanism and hardware solutions, and foam and trim products. By focusing on these critical components, Magna is able to provide its clients with high-quality seating systems that meet the evolving needs of the automotive industry. This segment plays a vital role in enhancing the overall driving experience, as comfortable and safe seating is essential for both drivers and passengers.

The Complete Vehicles segment offers a comprehensive range of services, including vehicle engineering and manufacturing. This segment enables Magna to leverage its expertise and resources to provide turnkey solutions for automotive manufacturers, from design and development to production and testing. By offering such a wide range of services, Magna is able to establish long-term partnerships with its clients, driving growth and innovation in the automotive industry. Founded in 1957 and headquartered in Aurora, Canada, Magna International Inc has established itself as a trusted and reliable partner for automotive manufacturers worldwide, with a strong online presence at https://www.magna.com and a common stock listed under the ISIN CA5592224011, classified under the GICS Sub Industry: Automotive Parts & Equipment.