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Magna International Inc(MG-T)
TSX

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GlobeNewswire
Magna Accelerates Hybrid Innovation With First Dedicated Drive System Award
Baystreet
Stocks in play: Magna International Inc.
GlobeNewswire
Magna Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan
Baystreet
Stocks in play: Magna International Inc.
GlobeNewswire
Magna Announces Third Quarter 2024 Results
GlobeNewswire
Magna Debuts Scalable, Eco-Friendly ICE to Hybrid Transmission for European OEM
GlobeNewswire
Magna Announces Date for Q3 2024 Results Call

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%. The company was founded in 1957, has over 179,000 employees, and is based in Aurora, Ontario.