Magna International Inc.

Magna International Inc. is a leading global automotive supplier based in Canada and Austria, known for its extensive range of automotive components, including mirrors, chassis parts, and electronic systems. The company has a significant presence in the automotive industry, employing over 170,000 workers worldwide and assembling vehicles for renowned brands like Mercedes-Benz, BMW, and Toyota. Recently, it has been in the news due to its decision to close its manufacturing plant in Dorfprozelten, Germany, ahead of schedule, citing economic unsustainability amidst declining production trends in the European automotive market.