M

Magna

Automotive components and contract manufacturing provider

Program Manager - Tooling

Full-TimeDeadline 11/9/26
$92k - $120k
Mid, Senior
Bachelor's
Brampton, ON, Canada
In PersonOffice and plant environment, including shop floor and press shop; local and/or international overnight travel may be required.
Project & Program ManagementProgram Management

About the job

Requirements
  • A Tool & Die Certification (CofQ) or Mechanical Engineering diploma or degree is required.
  • Three to five years of related experience managing programs in a production or manufacturing environment is required.
  • Understand finance basics, including RFQs, quotations, requisitions, letters of intent, purchase orders, invoice milestones, VAVE, basic financial reports, and cost impacts at a business level.
  • Have basic ability to use and understand CATIA, SPINFIRE, SMIRT, UniGraphics, and CAD.
  • Be knowledgeable in FMEA, APQP, PPAP, SPC, GD&T, and other customer-specific buy-off requirements.
  • Have FLD and simulation knowledge.
  • Interpret GD&T and CMM or white-light dimensional reports.
  • Have Customer Focus, Design Planning Procedures (QOS), or other ISO 9001 or ISO 14001 training prescribed through the QEMS matrixes.
  • Be comfortable giving technical presentations or hosting meetings.
  • Carry out Health & Safety, Lock Out, and environmental duties in accordance with the OHSA and Environmental Agreement.
  • Work day shift with flexibility in hours based on customer requirements; overtime may be required.
  • Work in an office and plant environment, including the shop floor and press shop, and interact with cross-functional team members on the shop floor.
  • Be available for local and/or international overnight travel for extended periods, and work outside regular business hours as needed for meetings and communications across time zones.
Responsibilities
  • Host kick-off meetings for FEA, process, and design with cross-functional teams using Webex or in person.
  • Manage all aspects of program builds, including cost, delivery, suppliers, customers, internal production, and engineering changes.
  • Obtain customer sign-off for static and dynamic issues before die shipments.
  • Prepare Die Change Reports (DCRs) according to applicable procedures and requirements.
  • Prepare or update schedules, timelines, FEMA, BOM, buy-off, feasibility, program status, part tolerance and process evaluations, and other reports.
  • Provide technical advice and assistance for quotation studies and hard-tool or soft-tool checks.
  • Participate in the rework process.
  • Manage, store, and correctly name data in the appropriate job folders.
  • Create overlays and update parts history.
  • Handle DIRT forms, part shipments, and packaging requirements.
  • Interpret and analyze SMIRT models and SMIRT BOMs.
  • Generate and maintain QEP, customer timelines, APQP timing, Massiv cadence documents, and other timing-related documents.
  • Obtain quotes and request purchase orders for work required outside Massiv Die-Form.
  • Prepare all Part Acceptance Review (PAR) documents.
  • Maintain an open-issues matrix and program milestone tracker for each program, and document lessons learned.
  • Manage blank tracking and laser blank files.
  • Host die design reviews, check die designs, release die designs for manufacturing, and conduct pre-manufacturing reviews for soft tools.
  • Participate in contract reviews, Quality Analysis Reviews (QAR), Scope of Work (SOW) reviews, and Homeline integration reviews.
  • Approve invoices in File Nexus.
  • Participate in, lead, or initiate root-cause, 8D, and customer-incident-report processes.
  • Provide cradle-to-grave program support, including Homeline commissioning, and communicate effectively with customers to ensure press time is scheduled to support the program master timeline.
  • Maintain customer relationships and understand customer requirements.
  • Assist with successful launch and execution of multiple tooling programs simultaneously, managing timing, quality, and cost.
  • Manage customer expectations through foresight and suggestions.
  • Communicate with and manage suppliers performing outsourced work for Massiv Die Form.
  • Ensure products are delivered at the required quality and engineering level, on time and within budget, in accordance with the program master timeline.
  • Communicate program milestones and key dates well in advance to internal groups.
  • Maintain open and effective communication with cross-functional team members in the same or other departments.
  • Follow the Dimensional Quality Execution Process.
  • Participate closely in FEA springback studies.
  • Ensure information is correlated between actual tryout and upfront engineering.
  • Update program-management trackers and other KPIs.
  • Participate in GD&T reviews for stamping and assembly.
  • Support die tryout activities.
  • Support Purchasing, Machining CAD, and Tooling teams in resolving critical issues.
  • Assist the finance team with monthly cost estimates for each program until completion.
  • Participate in continuous-improvement initiatives, including 5S, Lean Manufacturing, TPMS, and 4DX.
  • Assist the Sales Team in quoting engineering changes, new program initiatives, and die-construction sourcing.
  • Represent Massiv Die Form and its Tooling Groups professionally.
  • Assist the Homeline commissioning team, Launch team, and Secondary tryout team members.
  • Assist the Quality Department and fixture-build process.
  • Perform other reasonable duties as requested.

About the company

Magna is a global mobility technology company and one of the world’s largest automotive suppliers. It designs, manufactures, and integrates a wide range of automotive components and systems, including body exteriors and structures, power and vision technologies, seating, and complete vehicle solutions. It differentiates itself by offering integrated end-to-end capabilities—from parts production to full vehicle engineering and contract manufacturing—across a vast global network of 338 plants in 28 countries, with the ability to develop multiple powertrain options in one facility. Its goal is to be a trusted one-stop partner for automakers, helping them move from concept to finished vehicle and accelerate electrification and advanced mobility through global manufacturing and engineering services.

Company Size

10,001+

Company Stage

IPO

Headquarters

Aurora, Canada

Founded

1957

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Simplify's Take

What believers are saying

  • July 31, 2026 Q2 sales rose 3% to $11.0 billion despite a 2% market decline.
  • September 2026 Magna deepened Yuma Energy ownership with another $35 million battery-swapping investment.
  • September 2026 EcoSphere seating materials and foam products strengthen Magna’s sustainability-led content wins.

What critics are saying

  • April 9, 2026 divestitures sell Lighting and Rooftop Systems, shrinking Magna’s product breadth.
  • Q1 and Q2 2026 restructuring charges show Europe closures, consolidations, and rightsizing pressure.
  • OEM concentration and cyclical production swings can crush volume; Magna’s 2026 profits still track light-vehicle demand.

What makes Magna unique

  • Magna spans components, assemblies, and complete vehicles across North America, Europe, China.
  • July 28, 2026 Chery awarded Magna an 800-volt eDrive program in China.
  • Magna’s Graz plant keeps winning outsourced assembly, including XPeng and GAC programs in 2026.

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Benefits

  • Tuition Reimbursement
  • Employee Discounts

Company News

Yahoo Finance
Nov 2nd, 2026
Magna lifts adjusted EBIT 11% despite 4% sales drop, and launches new 25.8M-share buyback

Magna International raised adjusted earnings before interest and taxes (EBIT) by 11% in its third quarter, even as sales fell 4%. The company said lower light vehicle production and earlier disposals weighed on sales, while cost controls and cost recoveries protected profit. Adjusted EBIT margin rose 90 basis points to 6.8%, according to chief executive officer Seetarama (Swamy) Kotagiri. Magna repurchased 7.9 million shares in the quarter, using up its prior buyback authorisation. It has approved a new programme covering 25.8 million shares. Its vehicle assembly business is also growing. In Mesa, Arizona, Magna is ramping up two new programmes for Waymo, and in Graz, Austria, it assembled six vehicles for XPENG and GAC.

The Markets Daily
Nov 1st, 2026
Magna International (NYSE:MGA) posts earnings results.

Magna International (NYSE:MGA) posts earnings results. Magna International (NYSE:MGA - Get Free Report) (TSE:MG) released its quarterly earnings results on Friday. The company reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.58 by $0.25, Zacks reports. The company had revenue of $9.86 billion for the quarter, compared to the consensus estimate of $10.01 billion. Magna International had a net margin of 1.80% and a return on equity of 15.04%. Magna International's revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.33 EPS. Here are the key takeaways from Magna International's conference call: * Positive Sentiment: Magna delivered a strong Q3 despite lower vehicle production: adjusted EBIT rose 11%, margin expanded 90 basis points to 6.8%, and adjusted EPS increased 38% to $1.83. Management attributed the improvement to operational excellence, productivity gains, restructuring benefits, and commercial recoveries. * Positive Sentiment: Free cash flow reached $584 million in the quarter, supported by $950 million of operating cash flow and improved working capital. Magna raised its full-year free cash flow outlook to $1.85-$1.90 billion and ended the quarter with approximately $5 billion of liquidity and leverage below 1x net debt to adjusted EBITDA. * Positive Sentiment: The company completed its prior share-repurchase authorization after buying back more than 25 million shares over the past 12 months, and approved a new authorization for 25.8 million shares. Management indicated that strong cash generation and the balance sheet should support continued substantial capital returns, alongside ongoing organic investment. * Neutral Sentiment: Magna reduced its full-year sales outlook mainly because of lower expected vehicle production in China, unfavorable program mix, and updated currency assumptions, while maintaining the $7.00 adjusted EPS midpoint. The company expects adjusted EBIT margin of 6.3%-6.5%, with the 6.4% midpoint representing an 80-basis-point year-over-year improvement. * Negative Sentiment: Commodity inflation remains a material near-term headwind, reducing Q3 margins by roughly 50 basis points and expected to create a similar or somewhat larger impact in Q4, particularly from DRAM, electronic components, resins, and aluminum embedded in tier-two components. Management expects to substantially mitigate or recover these costs in 2027, but recoveries depend partly on customer negotiations. Magna International price performance. Shares of NYSE MGA opened at $63.71 on Friday. Magna International has a twelve month low of $45.33 and a twelve month high of $73.22. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $16.54 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 0.68 and a beta of 1.46. The firm has a 50-day moving average of $65.04 and a two-hundred day moving average of $62.66. Wall Street analysts forecast growth. A number of research firms recently commented on MGA. Weiss Ratings reiterated a "hold (c+)" rating on shares of Magna International in a research note on Tuesday. Wall Street Zen cut Magna International from a "buy" rating to a "hold" rating in a report on Saturday. UBS Group upped their target price on Magna International from $62.00 to $64.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Royal Bank Of Canada decreased their price target on Magna International from $69.00 to $68.00 and set a "sector perform" rating for the company in a research note on Monday, October 12th. Finally, Morgan Stanley lowered their price target on Magna International from $69.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $68.87. Key Magna International news. Here are the key news stories impacting Magna International this week: * Earnings materially exceeded estimates. Adjusted EPS rose 38% year over year to $1.83, above the $1.58 consensus estimate, while reported diluted EPS increased 33% to $1.44. * Margins and operating performance improved. Adjusted EBIT increased 11% to $683 million, and the adjusted EBIT margin expanded 90 basis points to 6.8%, driven by productivity initiatives, restructuring benefits, favorable commercial items, and lower tariff costs. * Cash returns and capital allocation support the shares. Magna returned $658 million to shareholders during the quarter and authorized a new buyback program covering up to 10% of its public float over the next 12 months. The company also raised its 2026 free-cash-flow outlook to $1.85 billion-$1.90 billion. * Management reaffirmed the midpoint of its 2026 adjusted EPS outlook at $6.85-$7.15 and narrowed the adjusted EBIT margin range to 6.3%-6.5%, suggesting confidence in profitability but less certainty around the operating range. * Revenue declined and the sales outlook was reduced. Third-quarter sales fell 4% to $10.1 billion as North American and Chinese vehicle production declined, programs ended, and recent divestitures reduced revenue. Full-year sales guidance was lowered to $41.2 billion-$42.0 billion, partly reflecting weaker expected production in China and unfavorable program mix. About Magna International. Magna International Inc is a global automotive supplier headquartered in Aurora, Ontario, Canada. The company designs, engineers and manufactures components and systems for automakers, serving vehicle manufacturers across North America, Europe and Asia. Its products and services span several automotive categories, including body and chassis structures, exterior systems, powertrain and driveline components, seating, vehicle electronics, lighting, mirrors, and advanced driver assistance technologies. Receive News & Ratings for Magna International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magna International and related companies with MarketBeat.com's FREE daily email newsletter.

MarketBeat
Oct 31st, 2026
Magna International (NYSE:MGA) stock moved down to Hold by Wall Street Zen.

Magna International (NYSE:MGA) stock moved down to Hold by Wall Street Zen. October 31, 2026 Key points. * Wall Street Zen downgraded Magna International to "Hold" from "Buy." The broader analyst consensus is also "Hold," with 12 Hold ratings and an average price target of $68.87. * Magna's latest quarter beat earnings expectations, reporting EPS of $1.83 versus the $1.58 consensus estimate, although revenue fell 3.9% year over year to $9.86 billion. * Shares opened at $63.71, while the company faces weaker vehicle production and lowered sales guidance; however, institutional investors own 67.49% of the stock and several major funds increased their holdings. * Interested in Magna International? Here are five stocks we like better. Magna International (NYSE:MGA - Get Free Report) TSE: MG was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday, Wall Street Zen reports. Several other research analysts have also issued reports on the stock. Canadian Imperial Bank of Commerce lowered shares of Magna International from an "outperformer" rating to a "hold" rating and cut their target price for the stock from $78.00 to $70.00 in a research note on Wednesday, October 21st. Royal Bank Of Canada dropped their price objective on shares of Magna International from $69.00 to $68.00 and set a "sector perform" rating on the stock in a report on Monday, October 12th. Wells Fargo & Company increased their price objective on shares of Magna International from $62.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Monday, August 3rd. TD reduced their target price on Magna International from $80.00 to $77.00 and set a "buy" rating for the company in a research note on Thursday, October 8th. Finally, BMO Capital Markets lowered Magna International from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $76.00 to $70.00 in a research report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Magna International presently has an average rating of "Hold" and an average target price of $68.87. Discover more MarketBeat All Access Stock Market News Dividend Screener Tool Magna International stock down 1.5%. Shares of NYSE:MGA opened at $63.71 on Friday. The company has a market capitalization of $16.54 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 0.69 and a beta of 1.46. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.22 and a quick ratio of 0.88. The business's 50-day moving average is $65.04 and its 200-day moving average is $62.66. Magna International has a 1 year low of $45.33 and a 1 year high of $73.22. Magna International (NYSE:MGA - Get Free Report) TSE: MG last released its earnings results on Friday, October 30th. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.58 by $0.25. The business had revenue of $9.86 billion during the quarter, compared to analysts' expectations of $10.01 billion. Magna International had a return on equity of 15.04% and a net margin of 1.80%. The firm's revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.33 earnings per share. Equities research analysts predict that Magna International will post 7.03 earnings per share for the current year. Hedge funds weigh in on Magna International. Several large investors have recently added to or reduced their stakes in the business. ARGA Investment Management LP lifted its holdings in Magna International by 11.0% during the third quarter. ARGA Investment Management LP now owns 4,030,060 shares of the company's stock worth $256,706,000 after acquiring an additional 397,793 shares during the period. TD Waterhouse Canada Inc. grew its stake in Magna International by 10.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,130,562 shares of the company's stock valued at $134,577,000 after purchasing an additional 206,433 shares during the period. Amundi increased its position in shares of Magna International by 4.2% during the 2nd quarter. Amundi now owns 1,781,357 shares of the company's stock valued at $117,778,000 after purchasing an additional 71,927 shares during the last quarter. QV Investors Inc. increased its position in shares of Magna International by 33.3% during the 3rd quarter. QV Investors Inc. now owns 739,472 shares of the company's stock valued at $47,220,000 after purchasing an additional 184,631 shares during the last quarter. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Magna International by 14.8% during the 1st quarter. Hillsdale Investment Management Inc. now owns 832,575 shares of the company's stock worth $46,486,000 after purchasing an additional 107,150 shares during the period. Institutional investors own 67.49% of the company's stock. Magna International news summary. Here are the key news stories impacting Magna International this week: * Earnings materially exceeded estimates. Adjusted EPS rose 38% year over year to $1.83, above the $1.58 consensus estimate, while reported diluted EPS increased 33% to $1.44. * Margins and operating performance improved. Adjusted EBIT increased 11% to $683 million, and the adjusted EBIT margin expanded 90 basis points to 6.8%, driven by productivity initiatives, restructuring benefits, favorable commercial items, and lower tariff costs. * Cash returns and capital allocation support the shares. Magna returned $658 million to shareholders during the quarter and authorized a new buyback program covering up to 10% of its public float over the next 12 months. The company also raised its 2026 free-cash-flow outlook to $1.85 billion-$1.90 billion. * Management reaffirmed the midpoint of its 2026 adjusted EPS outlook at $6.85-$7.15 and narrowed the adjusted EBIT margin range to 6.3%-6.5%, suggesting confidence in profitability but less certainty around the operating range. * Revenue declined and the sales outlook was reduced. Third-quarter sales fell 4% to $10.1 billion as North American and Chinese vehicle production declined, programs ended, and recent divestitures reduced revenue. Full-year sales guidance was lowered to $41.2 billion-$42.0 billion, partly reflecting weaker expected production in China and unfavorable program mix. Magna International company profile. Magna International Inc is a global automotive supplier headquartered in Aurora, Ontario, Canada. The company designs, engineers and manufactures components and systems for automakers, serving vehicle manufacturers across North America, Europe and Asia. Its products and services span several automotive categories, including body and chassis structures, exterior systems, powertrain and driveline components, seating, vehicle electronics, lighting, mirrors, and advanced driver assistance technologies. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. 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Yahoo Finance
Oct 30th, 2026
Magna beats Q3 expectations as adjusted EBIT rises 11% to $683M despite 4% sales drop

Magna International beat its own expectations in the third quarter, as margin gains offset lower vehicle production. Sales fell 4% to $10.1 billion, but adjusted EBIT rose 11% to $683 million and adjusted earnings per share climbed 38% to $1.83. Free cash flow was $584 million. Divestitures cut sales by $165 million, while the adjusted EBIT margin widened to 6.8%. The company cut its China production assumption by 800,000 units and narrowed its earnings outlook. It raised full-year free-cash-flow guidance to $1.85 billion-$1.9 billion. Magna returned $658 million to shareholders in the quarter and authorised buybacks of up to 25.8 million more shares.

Associated Press
Oct 30th, 2026
Magna Q3 adjusted EPS jumps 38% to $1.83 as sales fall 4% to $10.1B

Magna International reported third-quarter 2026 sales of $10.1 billion, down 4% on lower light vehicle production and divestitures. Adjusted EBIT rose 11% to $683 million, and the margin widened 90 basis points to 6.8%. Income from operations before income taxes rose 17% to $552 million. Diluted earnings per share were $1.44, while adjusted earnings per share rose 38% to $1.83. The company returned $658 million to shareholders through dividends and share repurchases. Its board approved a new Normal Course Issuer Bid to buy back up to 10% of its public float, about 25.8 million shares, over 12 months. Magna raised its full-year free cash flow outlook and reaffirmed the midpoint of its adjusted earnings per share outlook.