Magna International Inc is a Canadian mobility technology company, working primarily within the automotive industry, with a strong focus on electrification and autonomy. The firm is based in Aurora, Canada and serves a global customer base, supplying a range of products, including vehicle body exteriors and structures, seating systems, and complete vehicle engineering and manufacturing. It was founded in 1957.
The firm is listed on the Toronto Stock Exchange, where it trades under the stock ticker MG. As of January 2021, the MG share price chart was showing a 52-week high of $77.59 and a 52-week low of $22.75, with a quoted dividend rate of 2.11%.
With operations in 27 countries across five continents, Magna has a network of 344 manufacturing operations and more than 90 product development, engineering and sales centres, employing more than 157,000 people worldwide. The firm has won various awards and accolades, including the 2018 Automotive News PACE Award, the 2018 China Automobile & Parts Magazine Innovation Award, and the GM Supplier Quality Excellence Award, also in 2018.
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