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 us 032.1 billion 2014 1 operating income us 02.54 billion 2014 1 net income us 001.88 billion 2014 1 total assets us 18.13 billion 2014 1 total equity us 08.6 billion 2014 1 number of employees 152 000 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 . 2 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 . citation needed in addition to the big 3 u.s. automakers magna s major customers include tesla motors volkswagen bmw and toyota . 3 in europe magna steyr holds contracts for the assembly of the peugeot rcz and mini countryman . 4 magna has approximately 152 000 employees in 309 manufacturing operations and 99 product development engineering and sales centres in 29 countries . 5 magna operates under a corporate constitution 6 which calls for distribution of profits to employees and shareholders . the terms of this contract are fair enterprise according to frank stronach company founder . citation needed contents 1 capabilities and products 2 history 3 innovations 4 restatement 5 see also 6 references 7 external links capabilities and products edit magna international global locations in 2016 . 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 . 7 history edit the company was founded in 1957 by frank stronach as multimatic and multimatic motorsports . 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 . 8 their bid was unsuccessful ; the company instead went to a british consortium led by dave richards of prodrive for 479 million . 9 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 . 10 in july 2015 magna bought the german company getrag specialized in transmission systems with about 13 500 employees for 1.9 billion dollars . 11 innovations edit this section has multiple issues . please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this section does not cite any sources . please help improve this section by adding citations to reliable sources . unsourced material may be challenged and removed . november 2010 learn how and when to remove this template message the neutrality of this section is disputed . relevant discussion may be found on the talk page . please do not remove this message until conditions to do so are met . november 2010 learn how and when to remove this template message learn how and when to remove this template message 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 acelermittal 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 . 12 in 2011 magna supplied the complete electric drivetrain on the 2012 ford focus electric ford s first full production all electric passenger vehicle . 13 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 . 14 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 . 15 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 . 16 restatement edit on may 18 2000 the company restated its net income and earnings per share previously 109 million and 1.22 respectively due to an accounting policy change relating to design and engineering and pre production start up costs . 17 on may 2 2001 the company restated diluted earnings per share previously 1.55 due to an accounting policy change related to the adoption of the treasury stock method . 18 see also edit companies portal linamar mi developments inc. references edit a b c d e 2014 annual report to shareholders . magna international inc. retrieved 2016 04 08 . automotive news top 150 suppliers 2014 pdf . diamts.com . retrieved 2012 06 06 . cosma international body & chassis systems customers . magna cosma international website . retrieved 2 june 2014 . complete vehicle production contract manufacturing product & services vehicle engineering & contract manufacturing capabilities . magna . retrieved 2016 04 08 . press releases & news media . magna.com . retrieved 2016 04 08 . 1 dead link capabilities . magna . retrieved 2016 04 08 . post national 2007 01 12 . is magna eyeing aston . canada.com . retrieved 2016 04 08 . article . bbc news . 2007 06 12 . retrieved 2011 03 02 . ogihara america sells local auto supply plant birmingham business journal . bizjournals.com . 2008 04 22 . retrieved 2011 03 02 . rocha euan 2015 07 16 . canadian auto parts maker magna to buy germany s getrag for 1.9 billion . reuters . retrieved 2016 04 08 . news release magna produces ten millionth rearview camera in holly michigan . www.magna.com . retrieved 2016 01 22 . barkholz david . how magna s electrified focus wowed ford . automotive news . retrieved 2016 01 22 . multi material lightweight vehicle hurdles into the future . energy.gov . retrieved 2016 01 22 . mmlv life cycle assessment . papers.sae.org . retrieved 2016 04 08 . 2016 automotive news pace awards . autonews.com . retrieved 2016 04 08 . magna announces record first quarter results . free online library . thefreelibrary.com . retrieved 2016 04 08 . press release distribution targeting monitoring and marketing . pr newswire . 2016 04 04 . retrieved 2016 04 08 . external links edit official website v t e s & p tsx 60 companies of canada february 22 2016 agnico eagle mines agrium arc resources bank of montreal barrick gold bce inc. blackberry bombardier brookfield asset management cameco canadian imperial bank of commerce canadian national canadian natural resources canadian pacific canadian tire cenovus energy cgi group constellation software couche tard crescent point energy dollarama eldorado gold emera enbridge encana first quantum minerals franco nevada fortis inc. gildan goldcorp husky energy imperial oil inter pipeline kinross gold loblaw companies magna international manulife financial metro national bank of canada pembina pipeline potashcorp power corporation restaurant brands international rogers communications royal bank of canada saputo scotiabank shaw communications silver wheaton snc lavalin sun life financial suncor energy teck telus thomson reuters toronto dominion bank transcanada valeant weston yamana gold v t e magna international subsidiaries cts fahrzeug dachsysteme getrag magna powertrain new venture gear new venture gear 3500 transmission new venture gear 4500 transmission new venture gear 5600 transmission magna steyr eurostar automobilwerk ksu gazal 1 multimatic multimatic motorsports people belinda stronach frank stronach related granite real estate stronach group retrieved from https en.wikipedia.org w index.php title magna international & oldid 743943134 categories s & p tsx 60 indexs & p tsx composite indexcompanies listed on the new york stock exchangecompanies listed on the toronto stock exchangeauto parts suppliersautomotive companies of canadamagna internationalmanufacturing companies of canadaaurora ontarioelectric vehicle manufacturerscompanies established in 1957canadian brandscompanies based in york regionmultinational companies headquartered in canadahidden categories all articles with dead external linksarticles with dead external links from april 2016all articles with unsourced statementsarticles with unsourced statements from april 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