Does Magna International have any subsidiaries?

Yes, Magna International has several subsidiaries. As a global automotive supplier, Magna operates through various divisions and subsidiaries to cater to different markets and business segments. Some of its notable subsidiaries include Magna Steyr, Magna Powertrain, Magna Mirrors, Magna Seating, and Magna Closures. Magna Steyr focuses on vehicle engineering and manufacturing, while Magna Powertrain specializes in drivetrain systems. Magna Mirrors is involved in the production of automotive mirrors, Magna Seating is dedicated to seating systems, and Magna Closures manufactures closure systems for vehicles. These subsidiaries allow Magna International to offer comprehensive solutions and products across different automotive sectors, contributing to its reputation as a leading global automotive supplier.