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What does Magna do?
It produces automotive systems, assemblies, modules, and components, which are supplied to General Motors, Ford and Stellantis, as well as BMW, Mercedes, Volkswagen, Toyota, Tesla, and Tata Motors, among others.
Who owns Magna company?
In 1973, the name was converted from Multimatic Investments Ltd to Magna International Ltd. Stronach, who is currently the non-executive chairman of Magna International, holds multiple-voting shares of the company, which gives him majority voting power over issues brought to shareholder vote.
Is Magna a good company?
Overall, 75% of employees would recommend working at Magna International to a friend. This is based on 3,265 anonymously submitted reviews on Glassdoor. How do job seekers rate their interview experience at Magna International? 67% of job seekers rate their interview experience at Magna International as positive.
Is Magna a good stock to buy?
Based on analyst ratings, Magna International's 12-month average price target is C$82.79. Magna International has 25.69% upside potential, based on the analysts' average price target. Magna International has a conensus rating of Hold which is based on 3 buy ratings, 10 hold ratings and 0 sell ratings.
Magna International Inc. is a Canadian parts manufacturer for automakers. It is one of the largest companies in Canada and was recognized on the 2020 Forbes ...
Magna International Inc. is a Canadian parts manufacturer for automakers. It is one of the largest companies in Canada and was recognized on the 2020 Forbes Global 2000. Wikipedia
Headquarters: Aurora, Canada
CEO: Seetarama Kotagiri (Jan 1, 2021–)
Founded: 1957, Canada
Number of employees: 158,000 (2021)
Revenue: 36.2 billion USD (2021)
Founder: Frank Stronach
Subsidiaries: Magna Steyr, Magna Powertrain, Getrag, and more
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