Magna International Profile
Magna International Inc. operates as a mobility technology company.
The company has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities, which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting and roof systems. It also has electronic and software capabilities across many of these areas.
The company’s top 15 OEMs, representing 79% or approximately 61 million vehicles based on 2021 light vehicle production, were Toyota Motor Corporation (Toyota); Suzuki Motor Corporation; Volkswagen Group (Volkswagen); BMW AG (BMW); Renault-Nissan-Mitsubishi Alliance (Renault-Nissan-Mitsubishi); Daimler AG (Daimler); Hyundai Motor Group; Zhejiang Geely Holding Group; Stellantis N.V. (Stellantis); SAIC-GM-Wuling Automobile; General Motors Company (General Motors); Chang’an Automobile (Group) Co., Ltd.; Honda Motor Company (Honda); Great Wall Motors; and Ford Motor Company (Ford).
Segments
The company operates through Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles segments.
Body Exteriors & Structures segment
The company’s Body Exteriors & Structures segment includes its body and chassis systems, exterior systems, and roof systems operations. The company offers its customers a broad range of lightweight product solutions, such as thermoplastic liftgates, as well as reduced-weight products formed through advanced manufacturing processes, such as hot stamping, high-pressure aluminum casting and multi-material joinery.
Product Capabilities
Body and Chassis
Products: The company’s products include body systems; chassis systems; battery enclosures; and engineering and testing.
Customers: The company’s customers include BMW, Daimler, Ford, General Motors, Stellantis, and Volkswagen.
Competition: The company’s key competitors include Benteler International AG; F-Tech Inc.; Gestamp Automoción S.L.; Martinrea International Inc.; Minth Group Ltd.; Metalsa, S.A. de C.V.; and Tower International, Inc.
Exteriors
Products: The company’s products include fascia and trim; front end modules; front integration panels; liftgate modules; active aerodynamics; engineered glass; running boards; truck bed access products; and side doors.
Customers: The company’s customers include BMW, Ford, General Motors, Renault-Nissan-Mitsubishi, Stellantis, and Volkswagen.
Competition: The company’s key competitors include ABC Group; Flex-N-Gate Corporation; Plastic Omnium S.A.; Röchling Group; Samvardhana Motherson Peguform; and SRG Global Inc.
Power & Vision segment
The company’s Power and Vision segment comprises its global powertrain systems, electronics systems and mechatronics, mirrors and lighting operations.
In the company’s Power and Vision segment, it seeks to realize opportunities presented by trends toward electrification, advanced driver assistance systems and autonomous driving. The company’s powertrain business is well-positioned to benefit from the shift toward electrification and it continues to invest in both transmissions and driveline products to further grow in areas, such as 48V and high-voltage electric drive systems, including through products, such as hybrid transmissions, electric rear drive axles and highly-integrated primary and secondary e-drive systems. The company’s Vision Systems business is the leading supplier of camera-based driver assistance systems and the company continues to invest in advanced driver assistance technologies to expand the assisted and autonomous driving systems expertise it can offer customers. These investments include both in-house research and development, as well as venture capital investments in and strategic relationships with technology companies.
Product Capabilities
Powertrain
Products: The company’s products include electric systems and components (hybrid and electric drive systems, motors, inverters, onboard chargers, and e-clutch); transmission systems (dedicated hybrid, dual clutch, hybrid dual clutch, and manual transmissions); driveline systems (AWD/4WD products and rear drive modules); metal-forming solutions (transmission, engine, driveline components, engine drive plates and accessories); and engineering services.
Customers: The company’s top customers include BMW, Daimler, Ford, General Motors, Renault-Nissan-Mitsubishi, Stellantis, and Volkswagen.
Competition: The company’s key competitors include Aisin Group; BorgWarner Inc.; GKN plc; JATCO Ltd.; Jing-Jin Electric Technologies Co., Ltd.; Linamar Corporation; Nidec Corporation; Robert Bosch GmbH; Valeo S.A.; and ZF Group.
Electronics
Products: The company’s products include advanced driver assistance systems (ADAS) technology and features; ADAS sensors; and electronic control units.
Customers: The company’s top customers include Daimler, Ford, General Motors, Honda, Mazda, and Stellantis.
Competition: The company’s key competitors include Aptiv PLC; Continental AG; Robert Bosch GmbH; Valeo S.A.; Veoneer, Inc.; and ZF Group.
Mirrors
Products: The company’s products include interior mirrors, exterior mirrors, camera and driver monitoring systems and electronics, actuators, door handles, and overhead consoles.
Customers: The company’s top customers include BMW, Daimler, Ford, General Motors, Stellantis, and Volkswagen.
Competition: The company’s key competitors include Ficosa International S.A.; Gentex Corporation; and SMR Automotive.
Lighting
Products: The company’s products include forward lighting, rear lighting, and auxiliary lighting.
Customers: The company’s top customers include BMW, General Motors, Renault-Nissan Mitsubishi, Stellantis, and Volkswagen.
Competition: The company’s key competitors include Hella KGaA Hueck & Co.; Koito Manufacturing Co.; Marelli Automotive Lighting; and Valeo S.A.
Mechatronics
Products: The company’s products include latching systems, door modules, window systems, power closure systems, and hinges and wire forming.
Customers: The company’s top customers include BMW, Daimler, Ford, General Motors, Renault-Nissan- Mitsubishi, and Stellantis.
Competition: The company’s key competitors include Brose Fahrzeugteile GmbH & Co. KG; Inteva Products, LLC; and Kiekert AG.
Roof Systems
Products: The company’s products include modular roofs, hard tops and soft tops, and textile folding roofs.
Customers: The company’s top customers include BMW, Daimler, Renault-Nissan-Mitsubishi, Stellantis, and Toyota.
Competition: The company’s key competitors include Valmet Automotive Inc. and Webasto Group.
Seating Systems segment
The company’s Seating Systems segment comprises its global seating systems operations.
The company’s Seating Systems group continues to grow organically by winning new business based on its reputation for delivering innovative seating solutions. Longer term, its Seating Systems group aims to capitalize on its strength in seat mechanisms, vertical integration and reconfigurable seating, specifically to supply reconfigurable seating solutions for applications, such as car sharing and autonomous ride sharing, as well as seat products that are responsive to growing EV vehicle requirements, including lighter weight seats, and lower seat box height.
Product Capabilities
Seating Systems
Products: The company’s products include complete seating systems; seat structures, mechanism and hardware solutions; and foam and trim products.
Customers: The company’s top customers include BMW, Ford, Geely, General Motors, Stellantis, and Volkswagen.
Competition: The company’s key competitors include Adient plc; Faurecia S.A.; and Lear Corporation.
Complete Vehicles segment
The company’s Complete Vehicles segment comprises its global complete vehicle engineering and manufacturing operations.
The company’s Complete Vehicles business continues to provide OEM-level expertise to traditional customers seeking a trusted vehicle assembly outsource partner, as well as new market entrants seeking expertise for their traditional, electrified, autonomous and/or new mobility/MaaS (mobility as a service) concepts. Traditional OEMs (original equipment manufacturers) represent the substantial majority of its Complete Vehicles group business customers. In this segment, the company also focuses on leveraging its expertise in alternative energy storage and propulsion systems by further strengthening and capitalizing on its know-how in different propulsion systems. In addition, it continues to focus on integration and testing of autonomous driving systems, and the company supports its customers with one of the most versatile test environments for highly automated vehicles.
Product Capabilities
Vehicle Engineering and Manufacturing
Products: The company’s products include complete vehicle manufacturing and engineering services.
Customers: The company’s top customers include BMW, Daimler, Renault-Nissan-Mitsubishi, Tata Motors, and VinFast.
Competition: The company’s key competitors include contract manufacturers, such as NEVS AB, Valmet Automotive, and VDL Nedcar B.V.; and engineering services, such as Bertrandt Group, EDAG Engineering GmbH, and IAV GmbH.
Tooling and Engineering
As part of the company’s production programs, it designs, engineers and manufactures tooling for its own use, as well as for sale to its customers. However, a predominant amount of the tooling used in its production programs is purchased by the company from third parties and sold to its customers on a pass-through basis. In addition, the company manufactures tooling for its customers on a standalone basis, which is tooling sold separately and not part of a production arrangement. The company also provides engineering services independent of its production programs, as well as for programs for which it has production sales.
Strategy
The key elements of the company’s strategy include unlocking new business models and markets; completing its joint venture transaction with LG Electronics to manufacture e-motors, inverters, on-board chargers, and, for some customers, complete e-drive systems; winning two additional integrated e-drive programs, including both primary and secondary drive systems; being awarded a new program from Daimler for a family of dual-clutch transmissions, including both traditional and hybrid variants; launching the company’s first battery enclosures business for General Motors on a new electric vehicle model; the launch of the Arcfox a-S, through the company’s complete vehicle manufacturing joint venture operation with BJEV; signing a long-term manufacturing agreement for the production of the Fisker Ocean SUV at the company’s assembly facility in Graz, Austria, with manufacturing scheduled to begin in November of 2022; and continuing to progress with the development of its advanced driver assistance systems business.
History
Magna International Inc. was founded in 1957. The company was incorporated under the laws of the province of Ontario, Canada in 1961.
