Started as a one-man tool-and-die shop in 1957, Magna Corporation posted total sales of $23.7 billion in 2008, becoming the largest automotive-parts supplier in North America. With capabilities including the design, engineering, and testing of automotive-interior, seating, metal-body and chassis, electronic and powertrain systems, as well as complete vehicle engineering and assembly, Magna is the most diversified automotive supplier in the world.

Magna's global headquarters are in Aurora, Ontario. Canada's stable investment climate, modern infrastructure, generous R&D tax credits and highly skilled and educated workforce help Magna maintain its position as a global leader and innovator. Magna has 242 manufacturing operations and 86 product-development, engineering and sales centres in 25 countries.

The automotive industry has long appreciated Magna innovations such as composite materials for exterior body panels and the Torqfilter crank-pulley torque modulator. Magna also developed features popular with consumers, such as “stow in the floor” seating in the Dodge Caravan and Chrysler Town and Country minivans. The company was the first to produce second- and third-row seats that stow in the floor. The intuitive, practical and convenient system sets a new standard for minivan manufacturers.

Magna [www.magna.com] is another example of Canadian leadership and excellence the global business world continues to count on.

Additional Facts

• Magna is the only non-OEM (original equipment manufacturer) to receive the prestigious JD Power Gold award.
• Frank Stronach, the chairman of Magna International, predicts that 30% of all cars will be electric within 12 years.
• Magna and Ford are collaborating on the development of electric, battery-powered Focus.