Frank Stronach founded company Multimatic – one-man based operation (sole entrepreneurship) – shop manufacturing hand tools.
1959
First order of auto parts: General Motors ordering sun-visor clips. Number of employees grows to 20.
1968
Merge of Multimac with Magna Electronics, dealing with precision mechanics in aircraft and defense industries.
1973
Name of the company changed to Magna International Inc. plus expansion into production of plastic parts.
1984
First factory opened in Europe – Germany.
1988
Factory producing mirrors opened in Austria.
1989
Breakthrough for Magna in Europe: Big order from VW for stamped parts – leading to opening factories not only in Europe, but also in Canada and Mexico.
1993
First Mexican branch of Magna opened in Puebla – stamping shop for VW factory close by.
1994
Decision taken, under leadership of F. Stronach, to establish Europe as Magna’s second most important place of work.
1995
Siegfried Wolf becomes president of Magna Europe.
1996
Established factory in Ceske Velenice.
1998
Magna’s takeover of Steyer-Daimler-Puch, a prestigious car designer and manufacturer.
2002
After takeover of Donnelly Corporation and amalgamation with Magna Mirror Systems, Magna Donnelly is established. Producing mirrors used in automotive industry, this company is today worldwide leader in this field.
2005
Span of production expanded, due acquisition of Burg Desing, for above standard elements in dashboards and body interiors.
2006
Professional expansion in growing segment of sliding roofs systems by acquisition of Car Top Systems (CTS).
2008
