Insurance Journal  Oct 6  Comment 
The DUAL Group, the MGA and Lloyd’s of London’s international coverholder, has announced the launch of DUAL Private Clients, which will marry their recent acquisition of the Private Clients underwriting business of Aqua and Aurum with their...
newratings.com  Oct 2  Comment 
OTTAWA (dpa-AFX) - Canadian auto-parts giant Magna International Inc. (MGA) said Friday that it has agreed to buy Stadco Automotive Ltd., an independent Tier 1 Body-In-White supplier based in the United Kingdom. Financial details of the...
Market Intelligence Center  Sep 25  Comment 
After closing Thursday at $46.94, Magna International Inc. (MGA) presents an attractive opportunity to get a 3.83% return in just 175 days, which is an annualized return of 7.99% (for comparison purposes only). To enter this trade, sell one Mar....
MarketWatch  Sep 18  Comment 
Market for driverless cars and driver-assistance devices will explode to $96 billion in 10 years, plus it will bring the world $3.5 trillion in social benefits.
Automotive World  Sep 8  Comment 
Magna International Inc. today announced that its Magna Seating operating unit has received the top three rankings for seat quality in the Mass Market Compact SUV/MPV vehicle segment, according to the J.D. Power 2015 Seat Quality and Satisfaction...
Automotive World  Aug 31  Comment 
Magna International Inc. announced today that it has completed the sale of substantially all of its interiors operations to Grupo Antolin, as previously announced.   The completed sale transaction does not include two joint ventures in China,...
Insurance Journal  Aug 28  Comment 
Specialist global insurer Hiscox has appointed John Giralt as head of Property for its Miami MGA operation. Joining from Catlin XL where he was a director covering the Americas, Giralt was responsible for managing the Latin American and Caribbean...
Market Intelligence Center  Aug 28  Comment 
Magna International Inc. (MGA) traded between $48.23 and $50.26 before closing at $49.64 Thursday and presents some attractive trading opportunities today. MarketIntelligenceCenter.com’s patented algorithms selected a Dec. '15 $45.00 covered...


Magna International Inc. is a leading component manufacturer, supplier of all wheel drive systems, and vehicle assembler. The company is one of the largest North American suppliers of original equipment components, assemblies, modules and systems, and related tools for cars and light trucks. The company is also a global supplier of technologically advanced automotive components, systems and modules. The company designs, engineers and manufactures a range of exterior, interior and powertrain systems. Magna also provides vehicle design, engineering, assembly and program management services to its customers. The company's operations are conducted through its global automotive systems groups. The company operates through three segments: North America, Europe, and Rest of World (consisting of primarily South America an Asia). DaimlerChrysler, Ford, and General Motors are the major customers of the company, collectively accounting for around 70% of Magna's revenue.

Magna enjoys a strong competitive position in the industry as it is one of the few providers of a complete range of interior and exterior auto systems to global auto companies. Increasing content per vehicle (CPV) is the main driver of Magna's growth. CPVs in both North America and Europe have been increasing over time.

The company is a major provider of interior and exterior systems to automotive companies. Some of the prominent new product launches driving CPV growth include Chevy Equinox, Chevy Cobalt, SAAB 9-3 and BMW X3. The key platforms boosting CPV growth rate in North America are Chrysler minivans, Chrysler Pacifica, Chrysler 300, 300c, and Ford F-150. Simultaneously in Europe, the Mercedes B class, Honda Civic, BMW01 series, and Land Rover discovery are supporting CPV growth. Recently, Magna agreed to develop and produce the MINI sports activity vehicle for the BMW Group. With this, the company expects its annual sales to be more than $1 billion. Magna also has a strong balance sheet with cash and cash equivalents amounting to $1.7 billion.

The company has strong relationships with GM, Ford, and DaimlerChrysler. It has been recognized as an important supplier by all these automakers. Additionally, the bankruptcy filing by the component supplier Delphi Corporation has provided Magna with various business opportunities. Moreover, MGA has been awarded the transfer case business by Nissan. These trends make us believe that MGA will gain new businesses in the coming quarters. Further, GM has launched new full-size SUVs that will further strengthen demand for MGA's product line.


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