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About Magna
Industries
Automotive & Transportation
AI & Machine Learning
Company Size
10,001+
Company Stage
IPO
Headquarters
Aurora, Canada
Founded
1957
Overview
Company Does Not Provide H1B Sponsorship
Magna develops technologies and systems aimed at improving vehicle safety and environmental sustainability. Their products focus on making vehicles cleaner and safer for users and the community. Magna's approach includes creating innovative concepts that address the needs of people and the planet. Unlike many competitors, Magna emphasizes a holistic view of mobility, aiming to enhance the overall experience of transportation for everyone. The company's goal is to enable a future where individuals can move freely and safely, contributing positively to society and the environment.
Simplify's Take
What believers are saying
- Magna's $6.8M investment in Highland Park creates 500 jobs, boosting local economy.
- Magna's second plant in North Macedonia expands their European manufacturing footprint.
- Magna's innovations at Auto Shanghai 2025 showcase their financial and technological advancements.
What critics are saying
- Nvidia's supply chain issues may delay Magna's AI vehicle integration.
- Political instability in North Macedonia threatens Magna's plant expansion.
- Toronto's tightened regulations on autonomous vehicles may hinder Magna's delivery robots.
What makes Magna unique
- Magna collaborates with NVIDIA to integrate AI in vehicles, enhancing automotive components.
- Magna's partnership with Bell Media leverages autonomous tech for new advertising revenue streams.
- Magna's driverless delivery robots in Toronto highlight their commitment to urban logistics leadership.
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Funding
Total Funding
$998M
Above
Industry Average
Funded Over
2 Rounds
Benefits
Tuition Reimbursement
Employee Discounts
Stock Price
Company News
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Norplas Industries Inc./Magna Exteriors plans expansion in Highland Park Michigan creating 500 new jobs. Norplas Industries Inc./Magna Exteriors plans expansion in Highland Park Michigan creating 500 new jobs.Highland Park, Michigan — According to state and local development sources, Norplas Industries Inc./Magna Exteriors plans to invest $6,800,000.00 to build out 450,000 square feet of new space in Highland Park. The company is creating 500 new jobs at this facility. The company plans to occupy the new space in Highland Park, on or about March 1, 2026. According to the company website We see a future where everyone can live and move without limitations. Thats why we are developing technologies, systems and concepts that make vehicles safer and cleaner, while serving our communities, the planet and, above all, people
On Thursday, BCE Inc. (NYSE:BCE), more commonly known as Bell Media, announced a collaboration with Magna to introduce innovative out-of-home/OOH advertising opportunities in Toronto.
On April 30, Magna International announced plans to launch driverless vehicles on the streets of Toronto later in 2025.
Magna opens second plant in North Macedonia with investment of up to 50 million euros.
Magna is Hiring for 436 Jobs on Simplify!
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About Magna
Industries
Automotive & Transportation
AI & Machine Learning
Company Size
10,001+
Company Stage
IPO
Headquarters
Aurora, Canada
Founded
1957
Magna is Hiring for 436 Jobs on Simplify!
Find jobs on Simplify and start your career today