What is the history of Magna International?

Magna International, founded in 1957, has a rich and remarkable history in the global automotive industry. Initially called Multimatic, the company started as a small tool and die shop focused on providing automotive components to local manufacturers. Over the years, Magna International expanded its operations and geographical reach, becoming a leading supplier of advanced technology and systems to the world's major automakers. The company's commitment to innovation, quality, and exceptional customer service has fueled its growth and success. Today, Magna International operates in over 27 countries and employs about 158,000 people. With a strong focus on research and development, Magna continues to lead the industry in creating innovative solutions that enhance vehicle performance, safety, and sustainability.