Magna

Magna designs, develops, and manufactures control modules, chassis structures, exterior components and seating systems for the automotive industry. Read more

Seetarama Kotagiri's photo - President & CEO of Magna

President & CEO

Seetarama Kotagiri

CEO Approval Rating

75/100

Founded:

1957

Status:

PublicIndependent CompanyNYSEMGA

MAGNA TOP COMPETITORS OR ALTERNATIVES

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CEO

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Dana has been one of Magna's top competitors. Dana was founded in 1904, and is headquartered in Maumee, Ohio. Dana competes in the Automobile Parts industry. Dana generates $25.2B less revenue vs. Magna.

Lear is a top competitor of Magna. Lear is a Public company that was founded in Southfield, Michigan in 1917. Like Magna, Lear also competes in the Automobile Parts industry. Lear has 169,000 more employees vs. Magna.

Johnson Controls is perceived as one of Magna's biggest rivals. Johnson Controls was founded in 1885, and its headquarters is in Cork, County Cork. Johnson Controls competes in the Industrial Machinery & Equipment field. Johnson Controls has 91,400 more employees than Magna.

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Magna Quarterly and Annual Revenue

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Annual Revenue

$32.6B

Magna's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 18.6B.

Magna Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION

-

Honglizhixin

Sep 2020

Source »
undisclosed
-
Wipac Czech s.r.o.

Nov 2019

Source »
$1.2M
Wipac Czech designs, develops and manufactures LED lighting products for the automotive industry.

-

VIZA Geca SL

Dec 2018

Source »
undisclosed
-

-

Haptronik GmbH

Oct 2018

Source »
undisclosed
-
OLSA S.p.A.

Jun 2018

Source »
$267.1M
OLSA is a manufacturer and distributor of automotive headlamps, tail lamps and other lighting products.

These are all the companies that Magna has acquired. Magna has acquired 12 companies and its latest acquisition was Honglizhixin in Sep 2020.

Magna Funding History

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Grant
Oct 2019
--

U.S. Department of Energy

Since Magna was founded in 1957, it has participated in 1 round of funding. In total Magna has raised $0. Magna's funding round was on Oct 2019 for a total of $0

Magna Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Waymo is a California-based company that develops and markets self-driving technology for electric vehicles and also provides taxi services in Arizona.
$2.5B
Jun 15, 2021
Equity
Jun 01, 2016
Waymo is a California-based company that develops and markets self-driving technology for electric vehicles and also provides taxi services in Arizona.
$2.3B
Mar 01, 2020
Equity
Jun 01, 2016
Innoviz is an Israel-based manufacturer and distributor of LiDAR sensors and related products for the automotive industry.
$38M
Jun 09, 2019
Series C
Apr 05, 2021
Innoviz is an Israel-based manufacturer and distributor of LiDAR sensors and related products for the automotive industry.
$132M
Mar 25, 2019
Series C
Apr 05, 2021
Lyft operates a ridesharing platform that allows users to find rides from individual drivers.
$200M
Mar 15, 2018
Corporate Round
Mar 28, 2019

These are all the companies that Magna has invested in. Magna has invested 12 companies and its latest investment was Honglizhixin in Sep 2020.

Magna News

June 18, 2021AutoCar Professional

Magna's new surface element lighting enables more expressive vehicle design

Magna International is pushing vehicle design possibilities with its new innovative Surface Element L... See more »
June 17, 2021AutoCar Professional

Magna to begin manufacturing Fisker Ocean SUV from November 2022

Electric vehicle manufacturer has signed a binding agreement supporting manufacturing with Magna Inte... See more »
June 17, 2021VC News Daily

Waymo Snares $2.5B Funding Round

MOUNTAIN VIEW, CA, Google's autonomous driving unit, Waymo announced a $2.5 billion investment round.... See more »
June 14, 2021Design News

How Magna Tricked Plain LED Lights to Look Like Costly OLEDs

Magna Surface Element Lighting costs only about 15 percent more than conventional LEDs.... See more »
June 10, 2021LEDinside

Magna Ignites Vehicle Design With Surface Element Lighting Technology

New animated lighting technology opens the door for more expressive design First-to-market technology... See more »
June 4, 2021Plastics News

Magna sells three German exteriors plants

Magna International Inc. has agreed to sell three of its plants in Germany to Mutares SE & Co., affec... See more »
May 31, 2021Webindia123

LG Electronics, Magna International joint venture gets EU nod, set for July launch

Seoul [South Korea], May 31 (ANI/Global Economic): The European Commission (EC) has approved the esta... See more »

Magna Press Releases

May 13, 2020GlobeNewswire

Magna dvoile les rsultats de son assemble annuelle 2020

AURORA, Ontario, 13 mai 2020 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX : MG ; NYSE : MGA) a d... See more »
May 13, 2020GlobeNewswire

Magna gibt Ergebnisse der Jahreshauptversammlung 2020 bekannt

AURORA, Ontario, May 13, 2020 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) gab h... See more »
April 21, 2020GlobeNewswire

Webkonferenz zu Ergebnissen fr das erste Quartal 2020

Aurora, Ontario, April 21, 2020 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)... See more »
February 10, 2020GlobeNewswire

Webkonferenz zu den Ergebnissen für das vierte Quartal und das Gesamtjahr 2019

Aurora, Ontario, Feb. 10, 2020 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)... See more »
January 16, 2020GlobeNewswire

Magna Announces Outlook

AURORA, Ontario, Jan. 16, 2020 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) toda... See more »
October 12, 2019GlobeNewswire

Telefonkonferenz zum dritten Quartalsergebnis 2019

AURORA, Ontario, Oct. 12, 2019 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)... See more »
October 12, 2019GlobeNewswire

Téléconférence sur les résultats du troisième trimestre 2019

AURORA, Ontario, 12 oct. 2019 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX : MG) (NYSE : MGA)... See more »

Magna Videos

Social Media

Magna Headquarters

337 Magna Drive

Aurora, OntarioL4G 7K1

905-726-2462

Driving Directions »

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Magna Summary

ABOUT

Overview

Magna designs, develops, and manufactures control modules, chassis structures, exterior components and seating systems for the automotive industry. Magna was founded in 1957. Magna's headquarters is located in Aurora, Ontario, CA L4G 7K1. It has raise...

CEO

Magna's President & CEO, Seetarama Kotagiri, currently has an approval rating of 75%. Magna's primary competitors are Dana, Lear & Johnson Controls.

Website

magna.com

Frequently Asked Questions about Magna

  1. When was Magna founded?

    Magna was founded in 1957
  2. Who is Magna's CEO?

    Magna's CEO is Seetarama Kotagiri
  3. How much revenue does Magna generate?

    Magna generates $32.6B in revenue
  4. How much funding does Magna have?

    Magna has historically raised $0 in funding
  5. Where is Magna's headquarters?

    Magna's headquarters is in Aurora Ontario, CA
  1. How many employees does Magna have?

    Magna has 5,600 employees
  2. What sector does Magna operate in?

    Magna is in Automobile Manufacturers, Automobile Parts
  3. Who are Magna's competitors?

    Magna's top competitors are Dana, Lear, Johnson Controls
  4. Who has Magna invested in?

    Magna's has invested in companies such as Waymo, Waymo, Innoviz