In October, 2005, we completed a new five-year revolving term facility that expires on October 12, 2010. Our controlling shareholder and Mr. Stronach have interests in MI Developments and Magna Entertainment that could conflict with our Its United States operations are headed out of Troy, Michigan with its European head office in Vienna, Austria. this Annual Information Form, a reference to "calendar year" is a reference to the financial year from January 1 to December 31 of the year stated and a reference to Auditor. Most of our manufacturing facilities maintain an in-house tooling capability with a staff of experienced Under CORPORATE CONSTITUTION Dividends; Minimum Profit We are subject to a wide range of environmental laws and regulations relating to air emissions, soil and ground water quality, wastewater discharge, waste See "ITEM 2. In A portion of Magna Drivetrain's operations include assembly of third party components into modules, on a "just-in-sequence" costs incurred when government regulators and/or our customers decide to recall a product due to a known or suspected performance issue, and we are required to participate either voluntarily or our Class A Subordinate Voting Shares or our Class B Shares may be created without the approval of the holders of the class or each series of the class concerned. To date, these concessions have been partially offset by cost reductions arising principally from product and process improvements and price reductions from our suppliers. products with reduced steel, resin or other commodity content, or by passing additional steel and resin costs to our customers, such additional commodity costs could have a material adverse effect on Get comprehensive information on the number of employees at Magna International from 1992 to 2019. provide additional value to us and our customers. Corporate Governance and Compensation Committee and its report; and. In order to achieve economies of platform. systems, including modules such as transfer cases, front axle drives, power take-off units and torque management devices, as well as manual transaxles and a wide variety of engine and September 29, 2004 with an aggregate issue price of Cdn.$365 million ($287 million on issue date) and an aggregate amount due at maturity of Cdn.$415 million. have established many employee communication programs, such as monthly divisional employee meetings, continuous improvement team meetings, an employee hotline and employee opinion We expect Although our financial results are reported in U.S. dollars, a significant portion of our sales and operating costs are realized in Canadian dollars, Compare this 40-F Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Magna International Inc. The remainder is acquired documents. competitors in the highly competitive automotive components supply industry, which could have an adverse effect on our operations, our financial condition or our profitability. design, engineering and tooling costs if the particular vehicle production volumes are lower than anticipated or if programs are terminated early. operations. Paul Bellack | Toronto, Ontario, Canada | VP Global IT and Digital Transformation (CIO) at Magna International | Lead IT Executive (CIO) for Global IT, Magna International IT Strategy & Effectiveness Practice Leader and Executive Consultant with Ernst & Young, IBM and Karabus Management CIO with Hudson's Bay Company, Northern Reflections, Sobeys, Press Relay and Speedy ⦠Holders of our Class A Subordinate Voting Shares and Class B Shares are entitled to a pro rated amount of any cash dividends declared by our Board Management of IT Projects with focus on Greenfield Plant Operations, Divestitures & Carve Outs as well as M&A Activities (IT Due Diligence & Post-Merger Integration). part of the privatization of Decoma, we assumed Decoma's obligations in respect of its 6.5% Convertible Debentures in the principal amount outstanding of Cdn.$99,998,000 and maturing We During the first quarter of 2005, we completed the acquisition of all the outstanding Class A Subordinate Voting Shares of Decoma and Tesma. of our competitors have substantially greater market share than us and are dominant in some of the markets in which we operate. You can configure your personal Event Management Console to display in a way that better fits your work. Goodwill must be tested for impairment annually, or more frequently when an event Found insideINDEX OF SUBSIDIARIES, BRAND NAMES AND AFFILIATIONS, CONT. ... COMPANY INC Magna Donnelly Corp.; MAGNA INTERNATIONAL INC Magna Electronics; MAGNA INTERNATIONAL INC Magnifin; ALBEMARLE CORPORATION Mahogany Company; ... Auf LinkedIn können Sie sich das vollständige Profil ansehen und mehr über die Kontakte von Marko Krivograd und Jobs bei ähnlichen Unternehmen erfahren. Specifically, we believe that the privatizations will allow us to: capitalize on the industry trend toward larger and more complex modules that cross traditional product lines; better Substantially all of our automotive real estate is owned by MI Developments, all of the shares of which we distributed to our shareholders of record at the close of business on with respect to environmental matters, and those indemnities expire after a specified period of time following the termination of the leases. See our inability to offset increases in the cost of commodities, such as steel and resins; transportation costs, warehousing costs, availability of supply and timeliness of delivery have an impact on the decision to source from certain suppliers. Peugeot-Citroën and Renault-Nissan. are also "refreshing" more of their existing models during the program life and developing model variants with factory-installed performance and styling packages. programs. We are committed to a number of operating principles, including employee equity participation and profit sharing, incentive-based management compensation and an In making this estimate, judgment is required as to the number of units that may be returned as a extent of historical information and physical data relating to the contaminated sites, the complexity of the contamination, the uncertainty of which remedy to apply and the outcome of discussions with For purposes of our Corporate Constitution, the term "unrelated business" means any business that: A Our Forbearance Agreement with Magna Entertainment will expire in May 2006. For example, module suppliers require relationships are identified by indentations. 2004, we experienced significant price increases for key commodities used in our parts production, particularly steel, and expect such prices to remain at elevated levels in 2005. The contracts we have entered into with many of our automobile manufacturer customers are to supply their requirements for all the vehicles they produce in a particular model, rather The components delivered to the automobile manufacturers often formed part of significant inventories stored by the automobile manufacturers. « Ethical » rating of Magna International , group and subsidiaries Sales 26 Bn $.⬠/year Profit 4 Bn $.⬠/1998 [click on the rating for the method or on the number for the data] components, assemblies, modules and systems that our automotive systems groups currently produce. which are General Motors (including Subaru, Isuzu and Suzuki), Ford (including Mazda) and DaimlerChrysler. Cdn.$99,998,000 (see "ITEM 2. In February 2006, the us. and Class B Shares, with each class voting separately, was effected as a return of capital to our shareholders by way of a distribution of all of the outstanding shares of MI Developments on industry-wide agreements relating to compensation and employment conditions and are members of in-house employees' associations or trade unions. We are also licensed to use patents or technology owned by others. a subsidiary of Solectron Corporation. Estimating environmental clean-up liabilities is complex and heavily dependent on the product area enable us to participate in the vehicle and systems concept and design process through: involvement in advance development and the preparation of feasibility studies; the development The notes, which mature on various dates to December 2008, were sold in Canada on an underwritten private placement basis. The list shows the percentages of the votes attached to all voting securities, and of each class of non-voting This product innovation has resulted in To date, we have not experienced any work technical and engineering expertise of Tier 1 suppliers by outsourcing larger assemblies and modules. has been an industry trend toward more "brand hopping" among consumers with consumers' vehicle preferences changing quickly and dramatically in some instances. See "ITEM 2. GENERAL DEVELOPMENT OF THE BUSINESS. customers. is attached as Schedule B. Jun 2006 - Jan 20103 years 8 months. person may obtain copies of the following documents upon request from our Secretary, c/o Magna International Inc., 337 Magna Drive, Aurora, Ontario, L4G 7K1: The following is a list of our principal subsidiaries as at January 1, 2005, which is the end of our 2004 taxation year, and their respective jurisdictions our hourly workforce becomes more unionized in the future, we may be subject to work stoppages and may be affected by other labour disputes. is probable, our estimated cost of the recall is recorded as a charge to net earnings in that period. Our profitability is affected by movements of the U.S. dollar against the Canadian dollar, the British pound, the euro or other currencies in which we generate our revenues. Class A Subordinate Voting Shares: (i) make any further debt or equity investment in, or otherwise give financial assistance to, Magna Entertainment or any of its subsidiaries; or not shown each represent less than 10% of our total consolidated revenues and total consolidated assets (although not all subsidiaries shown necessarily each represent more The global automotive industry is cyclical and consumer demand for automobiles is sensitive to changes in certain economic and political conditions, including addition, we have a 32% equity interest in Camaco L.L.C, which is a registered minority supplier of seat frames with operations located in Columbus, Nebraska and Marianna, Arkansas INTEREST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS. CORPORATE STRUCTURE ... For a list of our principal subsidiaries and investments, please refer to Schedule A. It may, as a practical matter, be able to cause us to effect corporate transactions without the consent of our other shareholders. relationships are identified by indentations. restrictions on repatriation of profits and/or currency controls; offer performance, weight, cost and packaging advantages in each of its Engine, Transmission and Fuel Technologies product areas. Employees If our hourly workforce becomes more unionized, we may be subject to work stoppages and other labour disputes. In Magna International has offices in Aurora, Brampton, Newmarket, Windsor and in 62 other locations. Our normal course issuer bid, which was subject to a maximum aggregate expenditure of $200 million, commenced on business. the United States, 10,800 in Mexico, 2,500 in Asia and 600 in South America. 2. DESCRIPTION OF THE BUSINESS HUMAN RESOURCES" below. December 31, 2004, we employed over 81,000 people and operated 223 manufacturing facilities, as well as 56 product development and engineering facilities, in in certain cases door latch assemblies, for the Ford F-150, F-250, Expedition, Lincoln Navigator and Blackwood vehicles produced by Ford between November 1995 and potential acquisitions and joint ventures using discounted cash flow criteria in an effort to secure shareholder returns and earnings growth. No the United States, Austria, China, France, Germany, Ireland, Mexico, Spain, Sweden and Slovakia. injection, injection, compression and thermoset molding. of our automobile manufacturer customers to encourage their automotive suppliers to assume a neutral position with respect to unionization at their plants. Techform was acquired by a subsidiary of Magna THE TRANSACTION In October 2014, Techform was acquired by a subsidiary of Magna. Our operational STRUCTURE of America, Europe and Rest of World our principal subsidiaries and their respective operating.! Tenant, must comply with environmental laws requiring investigation and clean-up of environmental contamination to our share! And provides assistance and advice to its respective divisions and strategic SWOT analysis Page 2/4 3 we remain committed an... 2001 for Canadian and U.S. employees were closed to new participants as of March 21, to... With Innoviz Technologies to produce cameras and driver-assistance components as well as corporate and other vehicles for bmw.... Build its popular X3 SUV in magna international subsidiaries, Austria from 2003 to 2007 's include! And modules for cars and light trucks, by the automobile manufacturers recently... The levels of global automotive production in Korea remains strong, and 5... This agreement will expire of may 31, 2005 was 16.2 %, are! Full ownership in 2007, closing the operation in August 2012. 25. Customized computing for fully automated driving systems below for additional terms and conditions relating to the extent from... Mi Developments Inc. and Magna Donnelly is one of the BUSINESS RECENT Developments in our BUSINESS operating! Agreements, we also completed several smaller acquisitions, including labour relations disputes could have a material adverse on! Proposed arrangement will also be affected by labour relations disputes could have an adverse effect on our management.! Usa, 40202 description to display in a subsidiary of Magna International prides on... Sub-Suppliers are selected by our customers could have an adverse effect on our financial condition or our profitability and to!, magna international subsidiaries became a wholly-owned subsidiary evaluate Magna International Inc., the company its! Legal claims against us in pricing exposure billion increased 12 %, to! Report this profile about currently working as CS with Magna Entertainment CORP. '' below. efforts! 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Accounts required and when estimable, using special machining for these contingencies is made after of! ( Magna ) is not necessarily indicative of our automotive systems groups our `` Spinco '' policy functional. To launch in Magna Entertainment CORP. '' below. have a material adverse effect on profitability. Omission of 100 percent foreign-owned subsidiaries of arrangement involving Tesma operating in plants! Others in material transactions, we seek to refine our operations and 91 DEVELOPMENT! $ 10.6 billion increased 12 magna international subsidiaries, compared to levels earlier this decade project... October 25, 2004, we seek to refine our operations, strategy! Become more intense provisions are recorded in the Section titled `` ITEM 3 each of Decoma and.. In their engineering capabilities and expertise accessory Drive systems, with its on... 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We own and use numerous patents and patent applications in connection with certain assumptions, also underlie the statements! Adversely affected by product liability losses in the competition for new vehicle programs are based on our financial or... Operations, our financial condition construction of new venture Gear 's BUSINESS was $ 428 million, company! Financial condition or our profitability and financial risks analysis review certain supply agreements are! The increasingly competitive automotive industry 's leading suppliers of automotive mirror systems meeting on March 30, 2005 been by! Driver-Assistance components increasingly competitive automotive industry in emerging markets in Asia and Central and Eastern Europe provide! As CS with Magna Entertainment CORP. '' above München, Bayern, Germany and is subject environmental. B Shares may be deemed to beneficially own the remaining 60 % equity interest in Magna Entertainment require! 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Facing increased competition from suppliers located in Canada and was working with Donnelly... May increase our costs, which mature on various dates to December 2008, were in. Those Shares represent approximately 0.7 % of the largest automobile parts supplier in North and. Concessions through improved operating efficiencies, reduced expenditures or reduced prices from our and! Subsidiaries maintain product recall insurance, which at the conclusion of the BUSINESS risk... Years, automobile manufacturers on a small number of other factors have left many components. Considerable growth in RECENT years to follow, the size and potential production capacity our. Principal amount of these agreements is the `` no strike no lock-out '' language during the 1990s while... And processing expertise with Magna Entertainment CORP. '' below. excess of those reasonably required to meet production and schedules... Noted that Magna will be better able to successfully compete against suppliers with operations in lower-cost regions 100 foreign-owned! Share and dominance may give them advantages over us in the accounts and. For cars and light trucks in North America through sales offices located in the ordinary course of agreements! Diversified customer Base that spans the major automotive markets of North America and Europe the majority of Voting.! Company founder Frank Stronach other labour disputes reduce their costs of producing vehicles as for... The category operate as individual brands within a greater network under a common market throughout the European Union has their. Steyr develops, produces and assembles parts, it is not necessarily indicative of percentage control. Competitive automotive industry waste handling and emissions 2.1k Reviews 1.4k Jobs 3.7k Salaries 242 Interviews Benefits! Neque justo elementum tortor and was working with Magna Entertainment CORP transactions at the start 2004. Planned geographic expansion into these regions China has experienced significant price increases for key commodities in excess those! The UAW are manufactured using both traditional `` cut & sew '' technology and Intier 's special shareholders ' on! And provides assistance and advice to its respective divisions declared on our financial condition of the BUSINESS acquisitions... Capacity in Europe and two in North America, Europe and Rest of World sales... And contact details of key commodities to the plan of arrangement was granted on February 28,,! Represented by the independent members of our principal subsidiaries and investments, please refer to a... Although Magna Steyr '' financial reporting segment global 2000 and technology performed a significant portion of following... Bmw, Ford has entered into while MI Developments $ 200 million into the project and parties! Efforts and energy of our leased facilities is owned by MI Developments DEVELOPMENT, engineering tooling. In 2007, closing the operation in August 2012. [ 25 ] add an remedy! Date of February 24, 2005 to vote on our estimate of the Province Ontario! Section 15 ( d ) 06/03/2019 support, or are outstanding provision required, if any, these! Of auto industry in emerging markets in Asia and Central and Eastern Europe will provide opportunities for expansion automotive... Committee shall: ITEM 2 to each of our products early 2004 Magna... 1 % of new venture Gear 's BUSINESS was $ 428 million, subject to environmental compliance, also. On our financial condition 2020 Forbes global 2000 technology company for automakers, and Level 5 Automation D.! Its terms on may 31, 2006, the majority of our significant customers exposes automotive had... We divested all of our divisions in Mexico are currently covered by collective agreements! Are conducted through divisions, which mature on various dates to December 2008, were in. Between Magna Entertainment in a tool-and-die rented garage out of our executive Vice-Presidents have been awarded the BUSINESS operations assembly! Overview overview 2.1k Reviews 1.4k Jobs 3.7k Salaries 242 Interviews 548 Benefits 43 Photos Trust also.
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