MAGNA INTERNATIONAL INC
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Mar 28, 2024
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Contents
EX-1 · Roof Systems
Roof Systems
| Products | Key Processes | Top Customers | Key Competitors |
|---|---|---|---|
| § modular roofs § hard tops and soft tops § textile folding roofs | § “cut and sew” of complete fabric covers § backlight gluing § manual and automated complete retractable roof assembly | § BMW § Mercedes-Benz § Renault-Nissan-Mitsubishi § Stellantis § Toyota | § Valmet Automotive Inc. § Webasto Group |
Magna International Inc. 35
Seating Systems
Our Seating Systems segment comprises our global seating systems operations.
| * | Figure includes certain manufacturing facilities and PDE&S centres shared with other reporting segments. |
|---|
| Customer | Vehicle |
|---|---|
| 1. Stellantis | Jeep Grand Cherokee |
| 2. BMW | BMW X5 |
| 3. Ford | Ford Expedition, Lincoln Navigator |
| 4. Ford | Ford Escape, Lincoln Corsair |
| 5. Ford | Ford Transit |
Our Seating Systems group continues to grow by winning new business based on its reputation for delivering innovative seating solutions. Longer term, our Seating Systems group aims to capitalize on its strength in seat mechanisms, vertical integration, and reconfigurable seating, specifically to supply reconfigurable seating solutions for applications such as car sharing and autonomous ride sharing; as well as seat products that are responsive to growing EV requirements, including lighter weight seats, lower seat box height, and sustainable seating solutions.
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