Magna International is a Canadian automobile parts manufacturing company that stocks and sells original equipment parts. The company has its roots traced back to 1957 when Frank Stronach founded Multimatic Investments Ltd in Toronto, later acquiring its first automobile manufacturing industry contract with General Motors in 1959 manufacturing metal sun visor brackets. Magna has its headquarters located in Aurora, Ontario, Canada. The company has a global reputation with Bloomberg even calling it an efficient automobile parts manufacturer around the globe, with 344 manufacturing facilities, 93 product development, engineering and sales centres spanning across 27 countries. Magna currently has 170000 employees focused on bettering the design and development of the automobile industry. The company seeks to employ individuals with great interest and passion in the automobile industry. A fair enterprise system has been set up, dictating a clear contract through which the company promises to share 10% of pre-tax profit with the employees.
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