FACTOID # 16: In the 2000 Presidential Election, Texas gave Ralph Nader the 3rd highest popular vote count of any US state.
 
 Home   Encyclopedia   Statistics   States A-Z   Flags   Maps   FAQ   About 
   
 
WHAT'S NEW
 

SEARCH ALL

FACTS & STATISTICS    Advanced view

Search encyclopedia, statistics and forums:

 

 

(* = Graphable)

 

 


Encyclopedia > Magna International
Magna International
Image:Magnalogo.gif
Type Public (NYSE: MGA)
(TSX: MG)
Founded 1957
Location Aurora, Ontario, Canada
Key people Donald Walker, co-CEO
Siegfried Wolf, co-CEO
Industry Automotive systems, components and modules
Products See products listing.
Revenue Image:green up.png $20.7 billion USD (2004)
Operating income {{{operating_income}}}
Net income {{{net_income}}}
Employees 82,000 (2005)
Website www.magna.ca
{{{footnotes}}}

Magna International Inc. TSX: MG is a Canadian company based in Aurora, Ontario. It is Canada's largest automobile parts manufacturer, and one of the country's largest companies. It also owns the successful Magna Steyr automobile production company of Austria. Image File history File links Magnalogo. ... A public company is a company owned by the public. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE), also nicknamed the Big Board, is the second largest stock exchange in the world, although its trading volume was exceeded by that of NASDAQ (historic comparison graph {{pdf}) during the 1990s. ... Former logo of the Toronto Stock Exchange prior to the switch to TSX. The Toronto Stock Exchange (TSX) is Canadas largest stock exchange, and the division of the TSX Group that holds senior equities. ... 1957 (MCMLVII) was a common year starting on Tuesday of the Gregorian calendar. ... Aurora (2001 population 40,167) is a town located roughly 40 kilometres north of Toronto, Ontario, Canada. ... Magna International Inc. ... In business, revenue is the amount of money that a company actually receives from its activities, mostly from sales of products and/or services to customers. ... Green up arrow for a positive change in revenue from last fiscal year. ... USD redirects here. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... EBIT stands for Earnings before Interest and Taxes (operating income). ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... 2005 (MMV) is a common year starting on Saturday of the Gregorian calendar. ... The front page of the English Wikipedia Website. ... Former logo of the Toronto Stock Exchange prior to the switch to TSX. The Toronto Stock Exchange (TSX) is Canadas largest stock exchange, and the division of the TSX Group that holds senior equities. ... This article does not cite its references or sources. ... Aurora (2001 population 40,167) is a town located roughly 40 kilometres north of Toronto, Ontario, Canada. ... A small variety of cars, the most popular kind of automobile. ... Manufacturing is the transformation of raw materials into finished goods for sale, or intermediate processes involving the production or finishing of semi-manufactures. ... Magna Steyr (properly Magna Steyr Fahrzeugtechnik AG & Co KG ) is an automobile manufacturer based in Oberwaltersdorf, Austria. ...


The company was founded in 1957 by Frank Stronach as Multimatic. This company merged with Magna Electronics in 1969, and the combined company became Magna International in 1973. 1957 (MCMLVII) was a common year starting on Tuesday of the Gregorian calendar. ... Frank Stronach, CM (born September 6, 1932 as Franz Strohsack) is an Austrian and Canadian businessman. ... 1969 (MCMLXIX) was a common year starting on Wednesday For other uses, see Number 1969. ... 1973 (MCMLXXIII) was a common year starting on Monday. ...


Magna manufactures auto parts that are primarily supplied to General Motors, Ford Motor Company, and Chrysler Group of Daimler-Chrysler. In addition to the Big 3 automakers, Magna's major customers include Volkswagen, BMW and Toyota. In Europe, Magna Steyr holds contracts for the assembly of the Jeep Grand Cherokee, Chrysler Voyager minivan and BMW X3 SUV. Magna has a relativelely minimal presence in Asia. General Motors Corporation NYSE: GM, also known as GM, is a United States-based automobile maker with worldwide operations and brands including Buick, Cadillac, Chevrolet, GMC, Holden, Hummer, Opel, Pontiac, Saturn, Saab and Vauxhall. ... The Ford Motor Company (often referred to simply as Ford; sometimes nicknamed FoMoCo), NYSE: F is an automobile maker founded by Henry Ford in Dearborn, Michigan, United States (where the company is currently headquartered), and incorporated on June 16, 1903. ... The Chrysler Corporation is a United States-based automobile manufacturer, since 1998 merged with Daimler_Benz into DaimlerChrysler. ... DaimlerChrysler AG (Xetra: DCX) , (NYSE: DCX), with headquarters in Stuttgart, Germany and Auburn Hills, Michigan, is a prominent automobile and truck manufacturer, formed in 1998 by the buyout of the Chrysler Corporation (USA) by Daimler-Benz (Germany). ... The big three is a term used to refer to three large powers or companies. ... Volkswagen [literally: peoples car] (also known as VW) is an automobile manufacturer based in Wolfsburg, Germany. ... BMW AG (an abbreviation for Bayerische Motoren Werke AG, or in English, Bavarian Motor Works), is a German company and manufacturer of automobiles and motorcycles. ... Toyota redirects here. ... A satellite composite image of Europe // Etymology Picture of Europa, carried away by bull-shaped Zeus. ... Wikimedia Commons has media related to: Jeep Grand Cherokee The Jeep Grand Cherokee is a midsize SUV made by Jeep, a division of Daimler-Chrysler. ... Categories: Automobile stubs | Dodge vehicles | Chrysler vehicles ... 2004 BMW X3 3. ... A sport utility vehicle (SUV) or off-roader is a vehicle that combines the load-hauling and passenger-carrying capacity of a large station wagon or minivan with features designed for off-road driving. ... Asia is the largest and most populous of the Earths continents. ...


Magna will purchase CTS Fahrzeug-Dachsysteme, the world's leading supplier of convertible roofs, from Porsche in early 2006. CTS Fahrzeug-Dachsysteme (CTS Car Top Systems in German) is a supplier of convertible tops. ... Saab 900 Convertible Convertible can also refer to a convertible (security) A convertible is an automobile with a folding or retracting roof. ... Porsche (), (pronounced porsh-uh) is a German manufacturer of sports cars, founded in 1931 by Ferdinand Porsche, the engineer who created the first Volkswagen. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...

Contents


Products and services

Magna's products and services include:

  • Automotive interior and closure components
  • Metal body systems, components, assemblies and modules
  • Exterior and interior mirror and engineered glass systems
  • Fascias
  • Front and rear end modules
  • Plastic body panels
  • Exterior trim components and systems
  • Greenhouse and sealing systems
  • Roof modules
  • Lighting components
  • Engine, transmission and fueling systems and components
  • Drivetrain components
  • Complete vehicle engineering and assembly through Magna Steyr.

Confusingly, fascia is used for two completely different things in the automotive world. ... An engine is something that produces some effect from a given input. ... Transmission is the following: Generally, transmission is the act of passing something on. ... Drivetrain is the twelfth studio album by southern rock band . ... Engineering applies scientific and technical knowledge to solve human problems. ... Assembly may refer to the following things: In politics, any body meeting together to discuss matters, a parliament or a legislative assembly such as the French revolutionary Legislative Assembly, or a body more designed to mediate between otherwise independent bodies, such as the United Nations General Assembly. ...

Political connections

The firm is also known for its political connections, such as having former Premiers of Ontario of every stripe on its board, as well as connections with numerous other former politicians. Some politicians who have had notable positions with Magna include Mike Harris and Brian Tobin. In 1988, Stronach ran as a candidate for parliament for the federal Liberal Party. A premier is an executive official of government. ... Michael Deane Harris (born January 23, 1945, in Toronto, Ontario) was the twenty-second Premier of Ontario from June 26, 1995 to April 15, 2002. ... The Honourable Brian Vincent Tobin, PC (born October 21, 1954 in Stephenville, Newfoundland and Labrador) is a Canadian politician. ... The Paliament of Canada (French: Parlement du Canada) is Canadas legislative branch, seated at Parliament Hill in Ottawa, Ontario. ... The Liberal Party of Canada (French: Parti libéral du Canada) is a political party in Canada. ...


Magna International has also been noted also for its connections to the Ontario Progressive Conservative Party and the Ontario Liberal Party. In 2003, the Progressive Conservatives under Ernie Eves presented the provincial budget at a Magna plant leading to accusations that the government was violating centuries of parliamentary tradition. It is believed that this decision had a negative impact on the Progressive Conservatives in the next provincial election. The Ontario Progressive Conservative Party (PC Party of Ontario, also known as Tories) is a right-of-centre political party in Ontario, Canada. ... The Ontario Liberal Party is a centrist provincial political party in the province of Ontario, Canada. ... 2003 (MMIII) is a common year starting on Wednesday of the Gregorian calendar. ... Ernest Eves (born June 17, 1946) was the twenty-third Premier of the province of Ontario, Canada, from April 15, 2002, to October 23, 2003. ...


In 2004, Stronach's daughter and former company head Belinda Stronach ran for the leadership of the Conservative Party. While she failed in her bid for the leadership of the party, she was elected in her riding (Newmarket-Aurora) in the 2004 federal election. In May 2005 she switched to the Liberal Party and was appointed to cabinet. 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... The Hon. ... The Conservative Party of Canada (French: Parti conservateur du Canada) is a right-of-centre political party in Canada, formed by the merger of the Canadian Alliance and the Progressive Conservative Party of Canada in December 2003. ... Newmarket—Aurora is a federal electoral district in Ontario, Canada, containing the cities of Newmarket and Aurora. ... A Canadian federal election (more formally, the 38th general election) was held on June 28, 2004. ...


On March 18, 2005, former United States ambassador to Canada and former Massachusetts Governor, Paul Cellucci, joined Magna as a vice-president of its entertainment division. March 18 is the 77th day of the year in the Gregorian calendar (78th in leap years). ... 2005 (MMV) is a common year starting on Saturday of the Gregorian calendar. ... State nickname: Bay State Official languages English Capital Boston Largest city Boston Governor Mitt Romney (R) Senators Edward Kennedy (D) John Kerry (D) Area  - Total  - % water Ranked 44th 27,360 km² 25. ... A governor is also a device that regulates the speed of a machine. ... Paul Cellucci Argeo Paul Cellucci (April 24, 1948 - ), better known as Paul Cellucci, is an American politician and diplomat, former Governor of Massachusetts, and former Ambassador to Canada. ...


Corporate governance

Current members of the board of directors of Magna International are: William Fike, Manfred Gingl, Mike Harris, Edward Lumley, Klaus Mangold, Donald Resnick, Royden Richardson, Frank Stronach, Franz Vranitzky, and Siegfried Wolf. It has been suggested that Board of Trustees be merged into this article or section. ... Michael Deane Harris (born January 23, 1945, in Toronto, Ontario) was the twenty-second Premier of Ontario from June 26, 1995 to April 15, 2002. ... The Honourable Edward C. Lumley, PC (born July 8, 1934) is a corporate executive and former Canadian politician. ... Frank Stronach, CM (born September 6, 1932 as Franz Strohsack) is an Austrian and Canadian businessman. ... Franz Vranitzky (born October 4, 1937) is an Austrian politician of the SPÖ party (social democrats). ...


The board of directors of the company formerly included Belinda Stronach. Siegfried Wolf's pay for the 2004 fiscal year was $4.78 million USD [1]. USD redirects here. ...


External link

  • Magna International website
Magna International Inc.

Corporate Directors: William Fike | Manfred Gingl | Mike Harris | Edward Lumley | Klaus Mangold | Donald Resnick | Royden Richardson | Frank Stronach | Franz Vranitzky | Siegfried Wolf A corporation is a legal entity (distinct from a natural person) that often has similar rights in law to those of a Civil law systems may refer to corporations as moral persons; they may also go by the name AS (anonymous society) or something similar, depending on language (see below). ... It has been suggested that Board of Trustees be merged into this article or section. ... Michael Deane Harris (born January 23, 1945, in Toronto, Ontario) was the twenty-second Premier of Ontario from June 26, 1995 to April 15, 2002. ... The Honourable Edward C. Lumley (born July 8, 1934) is a corporate executive and former Canadian politician. ... Frank Stronach, CM (born September 6, 1932 as Franz Strohsack) is an Austrian and Canadian businessman. ... Franz Vranitzky (born October 4, 1937) is an Austrian politician of the SPÖ party (social democrats). ...

Annual Revenue: $24.4 billion CAN ( image:green up.png15% FY 2004) | Employees: 81,000 | Stock Symbol: TSX: MG | Website: www.magna.ca The Canadian dollar, CAD or C$, is the unit of currency of Canada. ... Green up arrow for a positive change in revenue from last fiscal year. ... A fiscal year or financial year is a 12-month period used for calculating annual (yearly) financial reports in businesses and other organizations. ... Former logo of the Toronto Stock Exchange prior to the switch to TSX. The Toronto Stock Exchange (TSX) is Canadas largest stock exchange, and the division of the TSX Group that holds senior equities. ...


  Results from FactBites:
 
La Croix-Rouge, RBC Groupe Financier et MAGNA INTERNATIONAL dévoilent les plans d’un centre ... (774 words)
Magna International Inc. et RBC Groupe Financier, deux sociétés partenaires de la Croix‑Rouge, appuieront aussi l’initiative en versant respectivement 1 million de dollars et 250 000 $.
La contribution de Magna a été fournie en septembre 2005 dans le cadre d'une contribution de 10 millions de dollars au projet Canadaville.
La Croix Rouge canadienne est membre du Mouvement international de la Croix-Rouge et du Croissant-Rouge, qui est formé de la Fédération internationale des Sociétés de la Croix-Rouge et du Croissant–Rouge, du Comité international de la Croix-Rouge et de 183 Sociétés nationales de la Croix-Rouge et du Croissant-Rouge.
Magna International - Wikipedia, the free encyclopedia (543 words)
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.
Current members of the board of directors of Magna International are: William Fike, Manfred Gingl, Mike Harris, Edward Lumley, Klaus Mangold, Donald Resnick, Royden Richardson, Frank Stronach, Franz Vranitzky, and Siegfried Wolf.
Magna is the principal sponsor of FK Austria Wien, one of Vienna's two major soccer clubs.
  More results at FactBites »

 
 

COMMENTARY     


Share your thoughts, questions and commentary here
Your name
Your comments

Want to know more?
Search encyclopedia, statistics and forums:

 


Press Releases |  Feeds | Contact
The Wikipedia article included on this page is licensed under the GFDL.
Images may be subject to relevant owners' copyright.
All other elements are (c) copyright NationMaster.com 2003-5. All Rights Reserved.
Usage implies agreement with terms, 1022, m