Last C$113.50 CAD
Change Today +0.17 / 0.15%
Volume 1.0M
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As of 4:09 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

magna international inc (MG) Snapshot

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08/25/14 - C$125.40
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12/12/13 - C$80.51
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magna international inc (MG) Details

Magna International Inc. develops, manufactures, engineers, supplies, and sells automotive products. It operates through North America, Europe, Asia, and Rest of World segments. The company offers body, chassis, and renewable energy systems; powertrain systems, such as driveline systems, fluid pressure and controls, metal-forming solutions, and engineering services and system integration solutions; and exterior systems consisting of front and rear end fascia systems, exterior trims, modular systems, class A composite panels, structural components under hood and underbody components, and sheet molding compound materials. It also provides seating systems, including complete seating systems, mechanism and hardware solutions, specialty mechanism solutions, and seat structures, as well as foam and trim products; interior systems, such as sidewall and trim, cockpit, cargo management, and overhead systems; fuel, battery, and roof systems; and vision systems comprising interior and exterior mirrors, actuators, electronic vision systems, and door handle and overhead console systems. In addition, the company offers closure systems comprising door modules, window systems, power closure systems, latching systems, handle assemblies, driver controls, obstacle detection systems, engineering glasses, and sealing systems, as well as testing services for window regulators, wiper systems, door modules, cables, door latches, and closures. Further, it provides electronic systems, including eyeris - driver assistance systems, intelligent power systems, body electronics and HMI, engine electronics and liquid sensors, as well as industrial products, such as joysticks and electronic units for fork lifts; and vehicle engineering and contract manufacturing services. The company was founded in 1957 and is headquartered in Aurora, Canada.

Founded in 1957

magna international inc (MG) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $325.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $325.0K
Chief Marketing Officer and President of Magn...
Total Annual Compensation: $325.0K
President of Magna Europe
Total Annual Compensation: $275.6K
Chief Legal Officer and Executive Vice Presid...
Total Annual Compensation: $325.0K
Compensation as of Fiscal Year 2013.

magna international inc (MG) Key Developments

Magna Seeks Disposal

Magna International Inc. (TSX:MG) is looking for acquisitions. Vince Galifi, Executive Vice President and Chief Financial Officer of Magna International said, "We actually just completed the disposition of small operations of four or five plants of some composite manufacturing facilities. We just sold those. But in terms of our overall product portfolio, we have a view in terms of where we want to take that portfolio. We will get there at some point. That will mean some acquisitions. It may mean disposals of some units. The timing is going to have to work out and valuations are going to have to work out".

Magna International Inc. Presents at Morgan Stanley 2nd Annual Laguna Conference, Sep-15-2014 01:00 PM

Magna International Inc. Presents at Morgan Stanley 2nd Annual Laguna Conference, Sep-15-2014 01:00 PM. Venue: Ritz-Carlton, Laguna Niguel Dana Point, California, United States. Speakers: Vincent J. Galifi, Chief Financial Officer and Executive Vice President.

Magna International Inc. Begins Construction on New Tennessee Seating Facility

Magna International Inc. announced that it has started construction on a new, manufacturing facility located in Spring Hill, Tennessee. The 122,500-square-foot facility will manufacture complete seat assemblies supplying General Motors' Spring Hill Assembly Plant. The plant will be fully operational in January 2015. The new facility becomes Magna's fifth location in Tennessee and is expected to employ approximately 75 people when it begins production in 2015.


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