The top automotive parts producer in North America

Today, Magna International takes its part in the list of top worldwide automotive suppliers.

The company was established back in 1957 by Frank Stronach under another name – Multimatic (or Multimatic Motorsports), it was then renamed in 1969. Its main office is in Aurora, Ontario, Canada.

However, the basic production which the firm provides is well-known across the entire globe and in many automotive industry spheres. As a matter of fact, the successful 2012 year for Magna International proved this well. It was announced to be the top automobile parts producer in North America.

Main operating groups

Up to now the company has had several main operating groups which are the following: Powertrain, Exteriors, Steyr, Interiors, Seating, Electronics, Mirrors, Cosma International.

Most of these groups are included with their products in Magna International's supply process to its biggest clients. Magna can boast to being the primary supplier of giant automotive leaders such as the Ford Motor Company, Chrysler LLC, and General Motors USA.

But American producers aren’t the only clients that Magna can be proud of. The company works with several European leaders in the automotive sector as well – Volkswagen, BMW, Toyota, Tesla, and many others.

On the other hand, the organization also has a contract to provide vehicle assembly for the Mini Countryman and Peugeot RCZ.

The main selling units

Today, the firm has annual revenue of 1.9 billion USD (to which one could soon add Getrag's revenues acquired along the way by Magna) from operations and takes its part in the list of top OES companies. It’s net income is about 1.5 billion USD. It has 130 thousand employees and a huge range of capabilities and products.

The main selling units in manufacturing and distributing processes are design, testing, hybrid and electric vehicle systems, engineering, interior and exterior systems, closure systems, seating systems, vehicle engineering and contract assembly, as well as powertrain systems, roof systems, electronic and electric systems, as well as body and chassis systems.

BluWav Systems LLC

It’s important to mention that back in early October 2008, the firm bought BluWav Systems LLC. This is an American company based in Michigan. BluWav System LLC is entirely oriented towards energy management, green innovations, electric vehicle improvement, propulsion, and train renovation. Today, Magna has acquired most of these operation groups.

However, the conglomerate also has its own electric car system, which today has been gaining more and more success across the entire worldwide automotive industry. This system, as a matter of fact, has been used by the American leaders in family cars – Ford – and together with the assistance of Magna’s suppliers they have presented to the world the Ford Focus Electric vehicle.

Top of the chart for best OES companies

Magna together with Johnson Controls Company had been considered the top automotive supplier for both – Europe and USA. Its global presence in the field, though, is more than remarkable. Being at the top of the chart for best OES companies, it will definitely succeed in preserving its leadership among all the other small or big suppliers across the world.And you can be sure for that, because its current revenue and the innovative plans will make its future look bright.

You might be interested in other OES companies:

  • Established back in 1885, Bosch is considered to be the top automotive supplier across the entire world.
  • Continental: this publicly traded company is entirely focused on the automotive industry in contrast to most of its competitors.
  • The Japanese leader Denso in its local market is determined to be one of the most successful suppliers of car components, as well as a manufacturer with promising future.
  • Originated in the USA, Johnson has been offering vehicle supplies and car parts plus truck parts for the global market for decades.

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