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Companies : Magna

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   Magna, the most diversified automotive supplier in the world, designs, develops and manufactures automotive systems, assemblies, modules and components, and engineers and assembles complete vehicles, primarily for sale to original equipment manufacturers of cars and light trucks in North America, Europe, Mexico, South America and Asia.


Magna's products include: automotive interior and closure components, systems and modules through Intier Automotive Inc.; metal body systems, components, assemblies and modules through Cosma International; exterior and interior mirror and engineered glass systems through Magna Donnelly; fascias, front and rear end modules, plastic body panels, exterior trim components and systems, greenhouse and sealing systems, roof modules and lighting components through Decoma International Inc.; various engine, transmission and fueling systems and components through Tesma International Inc.; a variety of drivetrain components through Magna Drivetrain; and complete vehicle engineering and assembly through Magna Steyr. Magna has approximately 77,000 employees in 215 manufacturing operations and 48 product development and engineering centres in 22 countries.

Outlook 2006

Jan. 12, 06 -- Magna International Inc. (TSX: MG.SV.A, MG.MV.B; NYSE: MGA) announced today its financial outlook for 2006 and an updated outlook for 2007 average dollar content per vehicle. All amounts are in U.S. dollars.

For the full year 2006, Magna expects sales to be between $22.0 billion and $23.3 billion, based on full year 2006 light vehicle production volumes of approximately 15.8 million units in North America and approximately 15.8 million units in Europe. Full year 2006 average dollar content per vehicle (1) is expected to be between $750 and $780 in North America and between $300 and $325 in Europe. Magna expects full year 2006 European complete vehicle assembly sales to be between $3.3 billion and $3.6 billion. Magna expects our full year 2006 operating margin, excluding unusual items (2), to be approximately 5%. Magna expects a full year 2006 income tax rate, excluding unusual items(2), to be between 31% and 32%. Magna expects earnings growth in full year 2006 compared to 2005, excluding unusual items(2) from both years.

In addition, Magna expects that full year 2006 spending for fixed assets will be in the range of $850 million to $900 million.

(1) Previously, production sales generated in markets outside of North America (including Mexico) and Europe were included in either North American or European average dollar content per vehicle. Such sales are now classified as Rest of World Production Sales. Magna’s outlook for 2005 average dollar content per vehicle, as disclosed on November 8, 2005, was between $730 and $740 in North America, which included approximately $7 associated with Rest of World Production Sales, and between $320 and $330 in Europe, which included approximately $3 associated with Rest of World Production Sales. Magna’s previous outlook for 2007 average dollar content per vehicle, as disclosed on January 12, 2005, was between $855 and $900 in North America, which included approximately $20 associated with Rest of World Production Sales, and between $335 and $375 in Europe, which included approximately $3 associated with Rest of World Production Sales.

(2) Unusual items for 2005 include charges associated with rationalization and restructuring activities, (including restructuring charges arising from the privatization of Magna’s former public subsidiaries during 2005), charges associated with operations that supplied MG Rover, and certain non-recurring gains. Unusual items for 2006 are expected to include charges associated with rationalization and restructuring activities commenced in 2005.

Mercedes-Benz G-Class production continued

Nov. 11, 2005 -- Continuation of the long-term and successful cooperation between DaimlerChrysler and Magna Steyr! As recently announced by DaimlerChrysler, the Mercedes-Benz Car Group will continue production of their Mercedes-Benz G-Class beyond 2006 at Magna Steyr in Graz, Austria.

The Mercedes-Benz G-Class has been produced in Graz since 1979. Since then, more than 185,000 vehicles manufactured. During the past 26 years, the G-Class has been permanently kept at a state-of-the-art level and, owing to its unique appearance and legendary off-road quality, has gained cult status.

DaimlerChrysler also announced that it will manufacture the Mercedes-Benz E-Class 4MATIC together with all other E-Class models in their own plant in Sindelfingen from 2007. The Mercedes-Benz E-Class 4MATIC has been manufactured in Graz since 1996. Magna Steyr's long-term relationship with DaimlerChrysler continues with two new production orders: the new Chrysler 300C launched this past June and production of the new Jeep Commander launching in Graz at the beginning of 2006.

The Magna Powertrain plants in Lannach and Ilz, Austria will continue to supply essential components for the four-wheel drive system (transfer case, front axle differential) of all 4MATIC models of the Mercedes-Benz Car Group.

Mr. Mark Hogan joins Magna as president

Aug. 20, 2004 - Magna International Inc. (TSX: MG.A, MG.B; NYSE: MGA) today announced that Mr. Mark Hogan has joined Magna as President.

He will work closely with the two Executive Vice-Chairmen of Magna, Mr. Manfred Gingl and Mr. Siegfried Wolf, from offices in Detroit, Michigan.


Mr. Hogan has spent over 30 years with General Motors, most recently as General Motors' Group Vice-President for   Advanced Vehicle Development. His career included assignments as President, GM do Brazil, President of e-GM and as general manager for the GM North American Car Group, Small Car Operations. At Magna, Mr. Hogan will draw on his extensive global experience with General Motors' operations and his advanced vehicle development expertise.

Magna Announces Record 1999 Fourth Quarter and Fiscal Year Results

Sales for the fourth quarter and fiscal year ended December 31, 1999 were $2.6 billion, and $9.4 billion respectively, an increase of approximately 16% and 26% over the comparable fiscal periods ended January 31, 1999. The higher sales level in fiscal 1999 reflects a 14% and 23% increase in North American and European content per vehicle, respectively, over the comparable fiscal year, a period in which North American and European vehicle production increased approximately 6.5% and 5.7% respectively. Tooling and other sales increased by 30% to $1.0 billion in fiscal 1999.

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Magna and Decoma Announce Proposed Global Exteriors Transaction

AURORA, ON - Magna International Inc. ("Magna") and Decoma International Inc. ("Decoma") jointly announced today that they have entered into a non-binding letter of intent respecting the purchase by Decoma of the Magna Exterior Systems group's ("MES") European exterior parts operations and Magna's existing majority interest in Decoma Exterior Trim Inc. ("Trimco").

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