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Magna International Inc(MG-T)
TSX

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Day Low65.45
Day High66.56
Open:65.50
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GlobeNewswire
Magna Announces Date for Q1 2024 Results Call
GlobeNewswire
Magna Posts 2023 Annual Report
GlobeNewswire
Magna Announces Senior Notes Offering
GlobeNewswire
General Motors, Magna, and Wipro Team Up to Develop Automotive Software Marketplace: ‘SDVerse’
Baystreet
Stocks in play: Magna International Inc.
GlobeNewswire
TSX Accepts Notice of Intention to Make Normal Course Issuer Bid
Baystreet
Stocks in play: Magna International Inc.

Profile

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2023, 48% of Magna's $42.8 billion of revenue came from North America while Europe accounted for approximately 38% and Asia the remainder. The firm's top six customers constituted 76% of revenue with the top three being GM, Mercedes, and BMW. GM was the largest contributor at 14%.