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Magna International history
Magna International company history timeline
Magna International was founded by Frank Stronach in 1957 and is headquartered in Aurora, Canada.“
1990: Magna begins major restructuring to sell non-strategic operating divisions.
Other highlights include ringing the bell to celebrate 25 years on the New York Stock Exchange and recognition by Forbes as a top United States and Canadian employer and a Global 2000 Top Multinational Performer.
The 6.5% Convertible Unsecured Subordinated Debentures (formerly Decoma International 6.5% Convertible Unsecured Subordinated Debentures), were redeemed on December 7, 2009.
Magna Mirrors wins a 2009 Automotive News PACE Award for its BlindZoneMirror™ product.
Effective August 31, 2010, the Class A Subordinate Voting Shares have been re-named Common Shares, changing its share symbol on the TSX to MG.
2020 will be remembered as one of the most challenging and pivotal in Magna’s history, as the company grappled with the COVID-19 pandemic, helped lead the industry in safely restarting, and closed the year by naming a new CEO.
Added the 2020 Toyota Supra to the complete vehicle assembly line-up and collectively contributed key elements to the sports car, including a composite space frame to reinforce the liftgate and the seats.
Executed a seamless transition to a new Chief Executive Officer as Swamy Kotagiri was named to succeed the retiring Don Walker on January 1, 2021.
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Magna International competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| MTD Products | 1946 | $2.0B | 6,800 | - |
| Decoma International of America, Inc. | 1987 | $1.1B | 2,400 | - |
| Briggs & Stratton | 1908 | $1.8B | 5,200 | 61 |
| Goodman Manufacturing | 1975 | $2.6B | 5,000 | 16 |
| Honda Lock | - | $6.4M | 313 | 1 |
| M-Tek | 1986 | $500.0M | 3,000 | - |
| Igloo Coolers | 1947 | $350.0M | 1,200 | 17 |
| DENSO Manufacturing Michigan (DMMI) | 1984 | $470.0M | 2,500 | - |
| Hillshire Brands | 2012 | $4.1B | 7,500 | - |
| Ssi Technologies | - | $211.1M | 372 | - |
Zippia gives an in-depth look into the details of Magna International, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Magna International. The employee data is based on information from people who have self-reported their past or current employments at Magna International. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Magna International. The data presented on this page does not represent the view of Magna International and its employees or that of Zippia.
Magna International may also be known as or be related to Magna International, Magna International Of America Inc and Magna International of America Inc.