magna international expands global presence in automotive technology and manufacturing

Magna International Inc., a Canadian company specializing in mobility technology, has received a neutral rating from UBS. The company is well-known as a global supplier in the automotive industry, particularly in vehicle development and contract manufacturing.

Magna offers a wide range of products, including body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting, and roof systems. The company operates through various segments, such as Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. Its product portfolio includes battery housings, body solutions, chassis systems, advanced driver-assistance systems (ADAS), control modules, active aerodynamics, exterior systems and modules, lighting, mechatronics, mirrors, electrified powertrain products, and complete vehicle engineering.

Magna has a strong global presence, with approximately 343 manufacturing facilities and 105 product development, engineering, and sales centers across 28 countries, highlighting its significant role in the automotive supply chain.

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