Magna Electronics

Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company with a global, entrepreneurial-minded team of 166,000 employees and an organizational structure designed to innovate like a startup. With 65 years of expertise, and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, we are positioned to support advancing mobility in a transforming industry. Our global network includes 342 manufacturing operations and 103 product development, engineering and sales centres spanning 28 countries.
We are a company that began more than 65 years ago, launching from a garage with small stampings and big aspirations.

By the end of the 60s, Magna had grown to more than $4 million in sales.

Our decentralized culture started taking shape in the ‘70s and we reached $100 million in sales, reflecting an average growth rate of 38%.

We accelerated growth during the ‘80s. We expanded into seating and launched our RIM process for bumpers, and in just a decade we had grown 10-fold – to a billion dollars in sales.

In the ‘90s, we took hydroforming technology from the plumbing industry and developed a high-pressure process for truck frames. This eventually helped us win business on the largest program in the world. At the time, we had never built a truck frame.

That same decade, we acquired Complete Vehicle manufacturing, and reached more than $9 billion in sales – reflecting an average growth rate of 22%.

Over the past 20 years, Magna grew organically and through key acquisitions. We brought composite liftgates to market, led the industry in rear view cameras and accelerated our powertrain business.

Today, we are a $42 billion company and one of the largest automotive suppliers globally, with 166,000+ employees.