| Business Summary | | Magna
International
Inc.
and
its
subsidiaries
design,
engineer
and
manufacture
a
diversified
range
of
automotive
parts,
components,
assemblies,
modules
and
systems.
The
Company
also
engineers
and
assembles
complete
vehicles
primarily
for
sale
to
original
equipment
manufacturers
(OEMs)
of
cars
and
light
trucks
in
North
America,
Europe,
South
America
and
Asia.
Magna's
products
include
exterior
decorative
systems;
interior
products
including
complete
seats,
instrument
and
door
panel
systems
and
sound
insulation;
stamped
and
welded
metal
parts
and
assemblies;
electro-mechanical
devices
and
assemblies
and
navigation
systems;
a
variety
of
plastic
parts,
including
body
panels,
fascias
and
front
rear-end
modules
through
Decoma
International
Inc.;
various
engine,
powertrain
and
fueling
and
cooling
components
through
Tesma
International
Inc.;
a
variety
of
drivetrain
components,
and
complete
vehicle
engineering
and
assembly. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Magna
offers
complete
vehicle
engineering,
assembly
of
niche
or
derivative
vehicles
for
OEM
customers,
supplies
technologically
advanced
integrated
automotive
systems
and
provides
a
wide
range
of
services
and
products
for
the
design
and
development
of
integrated
automotive
systems.
For
the
six
months
ended
6/01,
sales
rose
5%
to
$5.68
billion.
Net
income
applicable
to
Common
rose
13%
to
$332
million.
Results
reflect
increases
in
content
per
vehicle
and
lower
debt
levels. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Frank Stronach | Chairman | James Nicol, 47 | Pres,
COO, Director | Belinda Stronach, 34 | Vice
Chairman, CEO | Siegfried Wolf | Vice
Chairman | Vincent Galifi | Exec.
VP, Fin. and CFO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|