Magna - Global Headquarters Auto components, systems, modules and complete vehicle assembly Magna International Inc. Magna is one of the leading auto parts supplier worldwide. The company supplies 337 Magna Drive, Aurora automotive components, systems and modules. Magna is also engaged in engineering and Ontario assembly of complete vehicles for automakers. The company generated 53.5% of its 2014 L4G 7K1 sales from North America. Canada Magna has one of the broadest product offerings, which enables it to pitch for nearly all components of a new vehicle Tel: +1 905 726 2462 model. The company categorises its automotive business into following products and services: Fax: +1 905 726 7164 Body & Chassis Systems (Cosma International): includes body systems, chassis systems, technology, Latitude: 44.00574 engineering & tooling systems, and renewable energy structures. Longitude: -79.4318942 Interior Systems (Magna Exteriors & Interiors): includes sidewall & trim systems, cockpit systems, cargo management systems, overhead systems, and carpet & loadspace systems. The business was sold to Grupo Company Type: Public Antolin in 2015. Seating Systems (Magna Seating): includes complete seating solutions, seat structures & mechanism Senior Officers solutions, and foam & trim solutions. Donald J. Walker, CEO Vincent J. Galifi, Executive Vice-President & Exterior Systems (Magna Exteriors & Interiors): includes front & rear fascia systems, sealing systems, exterior CFO trim & lighting, class a composite panels, modular systems, engineered glass, structural components, under Jeffrey O. Palmer, Executive Vice- President & hood & underbody components, and sheet moulding compound material Chief Legal Officer Roof Systems (Magna Car Top Systems): includes soft tops, retractable hard tops, modular roofs, and textile Tom J. Skudutis, COO, Exteriors, Interiors, folding roofs Seating, Mirrors and Closures & Cosma Powertrain Systems (Magna Powertrain): includes driveline & chassis controls, fluid pressure & controls, Guenther Apfalter , President, Magna Europe hydraulic pumps, stampings, die castings, and engineering services & system integration Swamy Kotagiri, Executive Vice-President & Vision Systems (Magna Mirrors): includes interior mirrors, exterior mirrors, actuators, and electronic vision Chief Technical Officer systems Jim Tobin, Chief Marketing Officer & President, Magna Asia Electronic Systems (Magna Electronics): includes driver assistance & safety, intelligent power systems, engine electronics & sensors, industrial products, and body systems & HMI Products Closure Systems (Magna Closures): includes door modules, window systems, power closure systems, Body And Chassis Systems, Closure latching systems, handle assemblies, and driver controls, electronics Systems, Complete Vehicle Assembly, Fuel & Battery Systems: includes fuel tanks for passenger cars and trucks, filler cap modules, fuel supply Exterior Systems (lighting Systems, Bumper units/valves, plastic tanks, compressed air tanks, lithium-ion batteries and alternative energy storage systems Systems, Hybrid & Electric Vehicle: (CNG, H2). HybridPACK™1, HybridPACK™2, Gate Driver ICs, MOSFETs, IGBTs, Interior Systems, In addition, Magna is engaged in vehicle engineering and complete vehicle assembly through its Austria-based Powertrain Systems, Roof Systems, Seating subsidiary, Magna Steyr. In 2014, Magna Steyr assembled 135,126 units vehicles on contract basis for its Systems, Vision And Electronic Systems automotive customers including Daimler, BMW and PSA Peugeot Citroen. Magna has consolidated the above products and services into seven large categories that contribute to its total Country Coverage sales. Its automotive products and services, together with their contribution to the company’s sales for the year United States, Canada, Germany, Mexico, ended 31 December 2014, are: China, Austria, Brazil, Czech Republic, United Kingdom, India, Poland, Russian Federation, Exterior and interior systems (35% of 2014 sales) South Korea, Argentina, France, Hungary, Body systems and chassis systems (22%) Spain, Italy, Slovakia, Turkey, Belgium, South Powertrain systems (13.5%) Africa, Bulgaria, Japan, Republic of Ireland, Romania, Serbia, Thailand Complete vehicle assembly (8.4%) Vision and electronic systems (7.2%) Closure systems (5.7%) Tooling, engineering and other (8.1%) Magna's external sales from North America were 53.5% of 2014 sales, from Europe it was 39.5%. The company derived 5% of sales from Asia and 2% from rest of world. At the end of December 2014, Magna had 313 manufacturing and assembly centers operations and 84 product development, engineering and sales centres in 28 countries. The company employed 131,000 people as on 31 December 2014. Magna's customers include Aston Martin, BMW, Chery, Daimler, Fiat Chrysler, Ford, GM, GAZ, Geely, Honda, Hyundai Kia, Iveco, Jaguar Land Rover, PSA Peugeot Citroën, Renault-Nissan, Suzuki, Tata, Volkswagen and Volvo Car. Corporate Strategy Magna made two major changes to its business in 2015, one being the divestment of its interior business to Spain- based, Grupo Antolin and the other being acquisition of Getrag. Both these deals show the planned move by Magna. In line with its strategy to refine its product portfolio, Magna announced its agreement to sell its automotive interiors business to Grupo Antolin for approximately USD525 million, excluding the seating business in April this year. The transaction includes 36 manufacturing operations and 12,000 employees in Europe, North America and Asia. Page 1 of 54 - Information last updated: 24/07/2015 10:01 © 2015 Supplier Business - Report Generated: 27/07/2015 12:22 - For the lastest breaking auto news & data visit www.supplierbusiness.com Another deal to the supplier’s basket this year (in July) is Magna’s announcement of acquiring Getrag, one of the world's largest transmission suppliers. The proposed deal includes Magna's purchase of 100% of Getrag's equity for EUR1.75 billion (USD1.9 billion). The deal is expected to close by 2015-end. There are number of automakers choosing to outsource some or all transmission production. As non-manual transmissions become increasingly complex and expensive for automakers to develop to meet a variety of needs, buying transmissions from suppliers can enable effective sharing of development costs. That effect can cascade into enabling choosing more expensive cutting-edge products, more simple and cheaper products, or some combination of both, depending on the varied market and consumer expectations. Getrag supplies BMW, Renault-Nissan, Ferrari, Ford, Mitsubishi and Smart. As Getrag supplies manual and dual-clutch transmissions which American consumers have not warmed to, there is also a possibility for Magna to help Getrag reinvent the DCT for the North American marketplace. Magna invested USD1.4 billion in FY2013 to bolster its presence geographically. The company has intensified its focus in the North American region with rapid investments. For instance, Magna Mirrors of America invested in three US facilities in 2013, to meet growing demand for Infinity™ mirrors – an inside rearview mirror with frameless design – from its customers. Magna also foresees potential scope for business expansion in emerging nations of Asia- Pacific including China. To support the growing demand from automakers in the country, the company is gradually establishing more plants. Magna opened Magna Steyr engineering facility in Shenyang, a powertrain plant in Tianjin, and an electronics production line in Zhangjiagang. In addition, the company also opened manufacturing facilities in Serbia and Turkey during 2013. Magna initially arrived in China in 1996 and its closure division opened its first plant in the country in 1999. Looking into the future, Magna has identified hybrid and electric vehicles (EVs) as an area of high growth. The company has made considerable investments in the past to strengthen its expertise in the area. Since its beginning in 2010 with E-Car systems, Magna has come a long way in hybrid vehicles as well. Magna E-Car Systems also formed a joint-venture with Hyundai Heavy Industries called Mahy E-Cell to develop battery cells and battery packs for electric and hybrid cars, in 2012. And these developments were followed by one of the company’s key developments in 2014 when Magna unveiled a pair of industry-first systems that made their respective debuts on the BMW i8 plug-in hybrid sports car. It developed outside mirrors with hidden turn signal indicators and an electronic side-door latch system that are featured on the Bavaria. During last year (2014) itself, Magna unveiled its MILA Blue vehicle concept, a natural-gas powered, A-segment lightweight vehicle that produces less than 49g CO2/km. the vehicle weighs 300 kgs less than the typical A-segment vehicles. Magna and the Ontario (United States) government have recently (early 2015) announced a USD400 million investment for research and development into electric vehicle technologies as the states strives to become a hub for the development of environmentally friendly vehicles. The Ontario government plans to give the auto parts giant about USD50 million to do research into new technologies. Acquisitions In October 2014, Magna announced that one of its subsidiaries signed an agreement to acquire the Techform Group of companies, an automotive supplier of hinges, door locking rods and other closure products. Post process completion, Magna will acquire Techform's facilities located in Penetanguishene, Ontario