Magna International

What Magna makes

Magna International is one of the largest automotive suppliers in the world and the rare Tier 1 with scope across the entire vehicle. Its seven operating groups cover body and chassis structures (Cosma), electronics and driver-assistance systems (Magna Electronics), exterior systems and fascias (Magna Exteriors), powertrain and driveline including electric drive systems (Magna Powertrain), complete seating systems (Magna Seating), mechatronics, mirrors and lighting (Mechatronics & Mirrors), and, uniquely among major suppliers, contract manufacturing of complete vehicles at Magna Steyr in Graz, Austria. The company organizes its product line into five areas: complete vehicles, body and chassis, electrical and electronic, exterior and interior, and powertrain.

The complete-vehicle business is the clearest differentiator. Magna Steyr assembles entire vehicles for OEMs that need capacity or a European footprint, and as of 2026 builds three XPeng models in Graz with a fourth announced. The company states it supplies 58 OEMs, from the established names (BMW, Mercedes-Benz, GM, Ford, Toyota, Stellantis, Volkswagen) to newer EV entrants including Rivian, Lucid, NIO and XPeng.

Financial performance

Magna reported total sales of $42.0 billion for fiscal 2025, down about 2 percent from $42.8 billion in 2024, with adjusted EBIT of $2.36 billion, a 5.6 percent adjusted margin, up roughly 20 basis points year over year. The fourth quarter included $615 million of non-cash impairment charges, which is why reported EBIT ran lower than the adjusted figure. A 2026 industry study of the top 100 automotive suppliers ranks Magna fifth globally, with automotive revenue of 37.2 billion euros for fiscal 2025 at a 3.6 percent reported EBIT margin, down 6.1 percent year over year in euro terms. The euro decline is larger than the dollar one mostly because of currency translation, not a change in the business.

Cash generation was the standout: $1.9 billion of free cash flow in 2025, a 16th consecutive year of dividend growth, and a 2026 outlook of $41.9 to 43.5 billion in sales at a 6.0 to 6.6 percent adjusted EBIT margin. The company raised that outlook after a strong second quarter in July 2026. Headcount stands at roughly 155,000 people across 28 countries, with 321 manufacturing and assembly operations and 98 engineering, product development and sales centres, per the company's own figures as of mid-2026.

Ownership and history

Frank Stronach founded the business in 1957 as a one-man tool and die shop in a garage, doing small stampings. It passed $100 million in sales in the 1970s, a billion in the 1980s after expanding into seating and bumper systems, and more than $9 billion in the 1990s, the decade it developed hydroformed truck frames and acquired complete-vehicle manufacturing (the Steyr operation). Growth since has been both organic and through acquisitions in mirrors, powertrain and electronics. Magna is publicly listed on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA) and is headquartered in Aurora, Ontario, Canada.

Certifications and quality

Magna's manufacturing sites operate under IATF 16949 quality management certification at the plant level, as is standard for a Tier 1 of this scale; there is no single global certificate, and individual site certificates carry their own dates. The company's supplier requirements extend the same expectation down its supply chain, including PPAP submission discipline for production parts.

Known customers

Documented programs, from the company's own announcements: contract assembly of XPeng's G6, G9 and P7+ at Magna Steyr in Graz under a cooperation that began in September 2025, with the G9L announced in September 2026 as the fourth model; an 800V eDrive program award from Chery announced in 2026; an expanded long-term innovation partnership with Mercedes-Benz announced in February 2025; and five 2025 Supplier of the Year awards from General Motors. The company's published customer list spans 58 automotive OEMs plus commercial-truck and non-automotive accounts such as PACCAR, Navistar, John Deere and Harley-Davidson.

Recent news

September 2026 — XPeng introduced the G9L and confirmed it will be built at Magna Steyr in Graz, the fourth XPeng model assembled there, per launch coverage and the companies' announcements.

July 2026 — Magna reported strong second-quarter results and raised its full-year 2026 outlook, per the company's investor materials.

February 2026 — Full-year 2025 results: $42.0 billion in sales, adjusted EBIT margin up about 20 basis points to 5.6 percent, $1.9 billion of free cash flow, and a dividend increase marking 16 consecutive years of growth, per the company's release.

Sourcing evidence

Magna entities appear steadily in US customs records: more than 4,800 ocean bill-of-lading shipments on record across Magna Steyr Fahrzeugtechnik, Magna Electronics and Magna International, with the most recent arrivals in September 2026. Inbound suppliers named on those records include Valeo, Lear, LG Innotek, Nidec and TDK units, consistent with a Tier 1 importing electronics and seating inputs for North American production. These are ocean-freight records only; air, truck and rail flows, including most US-Mexico and intra-Europe volume, do not appear, so the count is a floor, not a total.

Frequently asked questions

What does Magna make?

Magna makes automotive systems across the whole vehicle: body and chassis structures, exteriors, seating, powertrain and electric drive systems, electronics and driver-assistance systems, mirrors and lighting. It also assembles complete vehicles for OEMs at Magna Steyr in Graz, Austria, the only business of its kind at this scale among major suppliers.

Who owns Magna?

Magna International is a publicly traded company, listed on the Toronto Stock Exchange as MG and the New York Stock Exchange as MGA. It was founded by Frank Stronach in 1957 and has no controlling parent company.

What is Magna's annual revenue?

Magna reported $42.0 billion in total sales for fiscal 2025, with adjusted EBIT of $2.36 billion. A 2026 top-supplier study puts its automotive revenue at 37.2 billion euros, ranking it fifth among global automotive suppliers.

Where is Magna headquartered?

Magna is headquartered at 337 Magna Drive in Aurora, Ontario, Canada, north of Toronto. It operates in 28 countries with 321 manufacturing and assembly operations and 98 engineering, development and sales centres.

Who are Magna's customers?

Magna supplies 58 automotive OEMs, including BMW, Mercedes-Benz, General Motors, Ford, Toyota, Stellantis and Volkswagen, plus EV makers such as Rivian, Lucid, NIO and XPeng. Documented recent programs include XPeng vehicle assembly at Graz, a Chery 800V eDrive award, and an expanded Mercedes-Benz innovation partnership.

Last verified September 22, 2026. Is this your company? Request a correction.