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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Magna International Inc.
Type
Public
Traded as NYSE: MGA
TSX: MG
Industry Auto and Truck parts
Founded 1957
Headquarters Aurora, Ontario, Canada
Key people
Donald Walker, CEO
Vincent J. Galifi, Executive VP & CFO
Swamy Kotagiri, Chief Technology Officer
Revenue Increase US$ 036.4 billion (2016)
Operating income
Increase US$ 02.78 billion (2016)
Net income
Increase US$ 002.03 billion (2016)
Total assets Increase US$ 22.5billion (2016)
Total equity Increase US$ 09.7 billion (2016)
Number of employees
159,000
Website www.magna.com

Magna International Inc. is a Canadian global automotive supplier headquartered in Aurora, Ontario, Canada. In 2014 it was the largest automobile parts manufacturer in North America by sales of original equipment parts, and one of Canada's largest companies. Its operating groups include Magna Steyr, Magna Powertrain, Magna Exteriors, Magna Seating, Magna Closures, Magna Mirrors, Magna Electronics and Cosma International.

Magna manufactures auto parts that are primarily supplied to General Motors, Ford Motor Company, and Chrysler LLC. In addition to the Big 3 U.S. automakers, Magna's major customers include Tesla Motors, Volkswagen, BMW and Toyota. In Europe, Magna Steyr holds contracts for the assembly of the Peugeot RCZ and Mini Countryman.

Magna has approximately 159,000 employees in 321 manufacturing operations and 102 product development, engineering and sales centres in 29 countries. Magna operates under a corporate constitution which calls for distribution of profits to employees and shareholders. The terms of this contract are "fair enterprise" according to Frank Stronach, company founder.

Magna’s capabilities include the design, engineering, testing and manufacture of exterior systems, seating systems, closure systems, vision systems, powertrain systems, electronic systems, roof systems, body & chassis systems, hybrid & electric vehicle systems, and vehicle engineering & contract assembly.

The company was founded in 1957 by Frank Stronach as Multimatic Investments Ltd. This company merged with Magna Electronics in 1969, and the combined company became Magna International in 1973.

Magna acquired 80% of New Venture Gear, once a joint venture between General Motors and Chrysler, in September 2004, and combined it into Magna Powertrain. It assumed full ownership in 2007.

Magna purchased CTS Fahrzeug-Dachsysteme, a supplier of convertible roofs, from Porsche in November 2005.

The Sunday Telegraph in London reported January 2007 that Magna International was on a short list of bidders to purchase Aston Martin. Their bid was unsuccessful; the company instead went to a British consortium led by Dave Richards of Prodrive for £479 million.

According to a NPR broadcast on March 23, 2007, Magna showed interest in acquiring the Chrysler division of DaimlerChrysler. However, on 14 May 2007, it was announced that Cerberus Capital Management had won the acquisition bid for $7.4 billion.

In April 2008, Magna's wholly owned subsidiary, Cosma International, announced that they were buying the Ogihara America Corp. stamping plant in Birmingham, Alabama, that makes parts for Mercedes-Benz and other automakers.

During the second quarter of 2015, the Magna battery pack business, Magna Steyr, was sold to Samsung SDI approximately $120 million.

In July 2015, Magna bought the German company Getrag, specialized in transmission systems with about 13,500 employees, for 1.9 billion dollars.

Magna has produced a number of first-to-market technologies and manufacturing processes throughout its history. Some of these innovations include the integrated child safety seat, stow-into-floor minivan seats, and plastic, reaction injection moulding (RIM) bumpers.

Magna has also been recognized with several Automotive News PACE Awards for its innovations. Magna technologies that received PACE Awards in recent years include its BlindZone outside mirror (2009), Infinity rearview mirror (2012), laser-welded, hot-stamped door ring (2014, in partnership with Honda and ArcelorMittal) and PureView seamless sliding window (2015).

In 2005, Magna began producing automotive rearview cameras at its facility in Holly, Michigan, and in September 2014, Magna produced its 10 millionth rearview camera in Holly.

In 2011, Magna supplied the complete electric drivetrain on the 2012 Ford Focus Electric, Ford’s first full production, all-electric passenger vehicle. The Focus Electric was awarded the 2011 Green Car Vision Award at the 2011 Washington Auto Show.

In June 2014, Magna presented a Multi-Material Lightweight Vehicle (MMLV) concept developed in partnership with Ford Motor Company. The vehicle was based on a 2013 Ford Fusion and represented a 25 percent vehicle weight reduction. The vehicle was cosponsored by the U.S Department of Energy and was praised by numerous industry leaders for its innovative approach to vehicle lightweighting and fuel efficiency.

In 2015, Magna’s SmartLatch, an industry-first, 100 percent electronic door latching system, was named a finalist for the 2016 Automotive News PACE Awards.

Investment goal date:
Dividends reinvested
Magna International Inc. MGA report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-05-07
--
--
Q4 2017
2018-02-26
--
--
Q4 2017
2018-02-22
--
--
Q3 2017
2017-11-09
--
--
Q3 2017
2017-11-09
1.3700
0.0000
Q2 2017
2017-08-11
1.4900
1.4800
Q1 2017
2017-05-11
1.5400
1.5300
Q4 2016
2017-02-24
1.3100
1.2400
Q3 2016
2016-11-03
1.2900
1.2900
Q2 2016
2016-08-05
1.4100
1.4100
Q1 2016
2016-05-05
1.2200
1.2200
Q4 2015
2016-02-26
1.2200
1.1900
Q3 2015
2015-11-05
0.9700
1.1300
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
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Ticker shares
ALLIANCEBERNSTEIN L.P.
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WELLINGTON MANAGEMENT CO LLP
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Major Shareholders
Name Relationship
Total Shares
Holding stocks