Magna International Inc. (Magna) operates as a mobility technology company. The company is a supplier in the automotive space. Magna has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting and roof systems.
Segments
The company operates through four segments: Body Exteriors & Structures; Power & Vision; Seating Systems...
Magna International Inc. (Magna) operates as a mobility technology company. The company is a supplier in the automotive space. Magna has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting and roof systems.
Segments
The company operates through four segments: Body Exteriors & Structures; Power & Vision; Seating Systems; and Complete Vehicles.
Body Exteriors & Structures segment
This segment includes its body and chassis systems, and exterior systems operations.
Customers: The company's customers include General Motors, Stellantis, General Motors, Mercedes-Benz, and Ford.
The company's vehicles include Full-Size SUVs & Pick-up Trucks; Jeep Grand Cherokee; Ford Bronco Sport; Mercedes-Benz GLE/GLE Coupe, GLS; and Ford F-Series Super Duty.
Segment Trends and Strategic Focus
The company offers its customers a broad range of lightweight product solutions, such as thermoplastic liftgates, as well as reduced-weight products formed through advanced manufacturing processes, such as hot stamping, high-pressure aluminum casting and multi-material joinery.
Body and Chassis
The company's products include body systems, chassis systems, battery enclosures, and engineering and testing.
Customers: The company's customers include BMW; Ford; General Motors; Mercedes-Benz; Stellantis; and Volkswagen.
Competition: The company's competitors include Benteler International AG; Flex-N-Gate Corporation; F-Tech Inc.; Georg Fischer Ltd.; Gestamp Automoción S.L.; Martinrea International Inc.; Metalsa, S.A. de C.V.; Minth Group Ltd.; Nemak, S.A.B. de C.V.; and Autokiniton US Holdings, Inc.
Exteriors
The company's products include fascia, exterior trim, front end modules, body panels & liftgates, engineered glass, step assists, sealing and integrated systems.
Competition: The company's competitors include ABC Group; Flex-N-Gate Corporation; Plastic Omnium S.A.; Röchling Group; Samvardhana Motherson Peguform; and SRG Global Inc.
Power & Vision
This segment consists of its global powertrain systems, electronics systems, and mechatronics, mirrors & lighting, and roof systems operations.
Customers: The company's customers include General Motors; BMW; Chery; and Stellantis.
The company’s vehicles include Full-Size SUVs & Pick-up Trucks; BMW X1; Chery Tiggo 8 Series; Ram Pick-up Trucks; and Jetour Traveller.
In the company’s Power and Vision segment, it seeks to realize opportunities presented by trends toward electrification, advanced driver assistance systems and autonomous driving. The company’s powertrain business is well-positioned to benefit from the shift toward electrification by leveraging the investments it has made in high-voltage technologies, including highly integrated primary and secondary electric drive systems, as well as individual components such as electric traction motors and inverters through its joint venture with LG Electronics Inc. While investing in electrified technologies the company continues to optimize operations in its market-leading traditional products such as 4WD/AWD systems and transmissions. The company’s Vision Systems business is a leading supplier of camera-based driver assistance systems, and it continues to invest in advanced driver assistance technologies to expand the assisted driving systems expertise the company can offer customers. The company continues to leverage its expertise in supplying and integrating the sensor suite to create seamless functionality of features, software, and middleware. Vehicle connectivity is also a crucial aspect of the company’s business, and it develops advanced systems that enable seamless communication between vehicles, infrastructure, and other devices. These investments include both in-house research and development, as well as venture capital investments in and strategic relationships with mobility and technology companies.
Powertrain
The company's Products include high-voltage electric drive systems and components, such as eMotors; inverters, onboard chargers, gearboxes, e-clutches for hybrid and BEVs; transmission systems (dedicated hybrid drives, dual clutch/hybrid dual clutch and manual transmissions); driveline systems (AWD/4WD products, including transfer cases and rear drive modules); metal-forming products (transmission, ICE, and driveline components); and through its joint venture with LG Electronics Inc.
Customers: The company's customers include BMW; Ford; Chery; General Motors; Mercedes-Benz; Nissan; Renault; Renault-Nissan-Mitsubishi; Stellantis; and Volkswagen.
Competition: The company's competitors include Aisin Group; Blue Nexus; BorgWarner Inc.; Dana Inc.; EnPower Electronics; GKN plc; JATCO Ltd.; Linamar Corporation; Nidec Corporation; Robert Bosch GmbH; Schaeffler AG; Valeo S.A.; and ZF Group.
Electronics
The company's products include far camera modules (mono and stereo cameras); remote camera heads; interior sensing cameras; radars; thermal sensing; and domain controllers.
Customers: The company's customers include General Motors; Mercedes-Benz; Stellantis; Subaru; Volkswagen; BMW; and Volvo.
Competition: The company's competitors include Aptiv PLC; Continental AG; Denso Corporation; Forvia Group; Robert Bosch GmbH; Valeo S.A.; and ZF Group.
Mirrors
The company's products include interior mirrors; exterior mirrors; camera monitoring systems driver/occupant monitoring systems; and smart actuators.
Customers: The company's customers include BMW; Ford; General Motors; Mercedes-Benz; Stellantis; and Volkswagen.
Competition: The company's competitors include Ficosa International S.A., Gentex Corporation; and SMR Automotive.
Lighting
The company's products include forward lighting, rear lighting, and lit grilles/panels/displays.
Customers: The company's customers include General Motors; Stellantis; Volkswagen; and Geely.
Competition: The company's competitors include Changzhou Xingyu Automotive Lighting System Co, Ltd.; Hella KGaA Hueck & Co. (part of Forvia Group); Koito Manufacturing Co.; Marelli Automotive Lighting; and Valeo S.A.
Mechatronics
The company's products include latching systems, door modules, charge port doors, power systems, hinges, and door handles.
Customers: The company's customers include BMW; Ford; General Motors; Renault-Nissan-Mitsubishi; and Stellantis.
Competition: The company's competitors include ADAC Automotive; Aisin Corporation; Brose Fahrzeugteile GmbH & Co. KG; Inteva Products, LLC; and Kiekert AG.
Roof Systems
The company's products include modular roofs, hard tops and soft tops, and textile folding roofs.
Customers: The company's customers include BMW; Mercedes-Benz; Renault-Nissan-Mitsubishi; Stellantis; and Toyota.
Competition: The company's competitors include Valmet Automotive Inc. and Webasto Group.
Seating Systems segment
This segment consists of its global seating systems operations.
Customers: The company’s customers include Stellantis; Ford; BMW; Stellantis; and Ford.
The company’s vehicles include Jeep Grand Cherokee; Ford Escape; BMW X5; Chrysler Minivans; and Ford Transit.
The company's Seating Systems group continues to retain and win new business due to expertise in seat complete integration based on disciplined design standards and delivering innovative seating solutions. Capitalizing on the company’s Seating Systems group strength in seat mechanisms and vertical integration, it is developing and supplying reconfigurable seating solutions that enable consumers to use their vehicle cabin more efficiently. With an enhanced focus on sustainability, the company is growing a strong portfolio of disruptive seating solutions, using the circular economy as its framework.
Seating Systems
The company’s products include complete seating systems, seat structures, mechanism & hardware solutions,and foam & trim products, including sustainable seating solutions.
Customers: The company’s customers include BMW, Chang’an; BYD; Ford; Geely; General Motors; Stellantis; and Volkswagen.
Competitors: The company’s competitors include Adient plc; Forvia Group; and Lear Corporation.
Complete Vehicles segment
This segment consists of the company's global complete vehicle engineering and manufacturing operations.
Customers: The company’s customers include Mercedes-Benz; Tata Motors; BMW; Tata Motors; and Toyota.
The company’s vehicle’s include Mercedes-Benz G-Class; Jaguar I-Pace; BMW Z4 Coupe; Jaguar E-Pace; and Toyota Supra.
The company’s Complete Vehicles business continues to provide OEM-level expertise to traditional customers seeking a trusted vehicle complete vehicle outsource partner, as well as new market entrants seeking expertise for their traditional, electrified, autonomous and/or new mobility /MaaS concepts. Traditional OEMs represent the substantial majority of the company’s Complete Vehicles group business customers. However, engineering sales with non-traditional customers, including Asian OEMs and new OEM entrants, continue to grow. MaaS providers represent an important source of new opportunities since they typically do not have the vehicle development, engineering, integration, and assembly capabilities of traditional OEMs and thus require outsource partners to commercialize their concepts. In this segment, the company also focuses on leveraging its expertise in alternative energy storage and propulsion systems by further strengthening and capitalizing on the company’s know-how in different propulsion systems. In addition, it continues to focus on integration and testing of autonomous driving systems, and it supports its customers with one of the most versatile test environments for highly automated vehicles.
Product Capabilities
Vehicle Engineering & Manufacturing
Products: The company's products include complete vehicle manufacturing; and engineering services.
Customers: The company's customers include BMW; Fisker; Mercedes-Benz; and Tata Motors.
Competition: The company's competitors include NEVS AB; Valmet Automotive; VDL Nedcar B.V.; Bertrandt Group; EDAG Engineering GmbH; and IAV GmbH.
Tooling & Engineering
As part of the company’s production programs, it designs, engineers and manufactures tooling for the company’s own use, as well as for sale to its customers. Tooling used in the company’s production programs is often purchased by it from third parties and sold to the company’s customers on a pass-through basis. In addition, the company manufactures tooling for its customers on a standalone basis, which is tooling sold separately and not part of a production arrangement. The company also provides engineering services independent of its production programs, as well as for programs for which the company has production sales.
Acquisition
On May 31, 2024, the company acquired 100% interest in HE System Electronic (‘HES’) that develops and produces micro-electronic assemblies and electronic systems.
Divestiture
In 2024, the company’s divestiture Body Exteriors & Structures operations in India.
Customers
The company’s customers include Toyota Motor Corporation; Volkswagen Group; Hyundai Motor Group; Stellantis N.V.; General Motors Company; BYD Auto; Ford Motor Company; Honda Motor Company; Suzuki Motor Corporation; Zhejiang Geely Holding Group; BMW AG; Mercedes-Benz AG; Renault S.A; and Chery Automobile.
Research and development
For the year ended December 31, 2024, the company’s research and development costs charged to expense, net of reimbursements, included $874 million.
Regulation
In addition to the company’s general privacy and confidentiality commitments, its Global Data Privacy Policy (the ‘Privacy Policy’) has been established. The Privacy Policy is designed to guide the company’s compliance with, among others, the E.U. General Data Protection Regulation (‘GDPR’), China’s Personal Information Protection Law, the Brazilian General Data Protection Law, Thailand’s Personal Data Protection Act and India’s Digital Personal Data Protection Act.
History
Magna International Inc. was founded in 1957. The company was incorporated under the laws of the province of Ontario, Canada in 1961.