FAQs

1. What year was Magna incorporated?
   • Magna was originally incorporated in the province of Ontario, Canada on November 16, 1961 as Magna Electronics Corporation Limited. Subsequently on January 2, 1973, Magna Electronics Corporation Limited changed its name to Magna International Inc.
2. What is Magna's mission statement?
   • Magna does not have a traditional mission statement. We are guided by the key principles outlined in our Corporate Constitution and the Magna Employee's Charter. We are committed to an operating philosophy that is based on fairness and concern for employees and the communities in which we operate.
3. Who are Magna's customers?
   • Magna supplies virtually every Original Equipment Manufacturer (OEM) of passenger cars and light trucks around the world.
4. When is the annual shareholders' meeting?
   • The 2007 Annual Shareholders' Meeting was held on May 10, 2007 at Roy Thomson Hall in Toronto, Ontario, Canada at 10:00 a.m. EDT. Historically our meeting has been held within the first two weeks of May. Please see our Calendar of Events & Presentations section closer to that time for further details.
5. When is Magna's financial/fiscal year-end?
   • Magna's fiscal year-end is December 31st. Magna changed its year-end from July 31st to December 31st beginning with the five-month "stub" period ending on December 31st, 1998. Magna has reported in U.S. dollars since the five-month "stub" period ending on December 31st, 1998.
6. Where are Magna's Class A Subordinate Voting shares listed and traded and what are their respective stock symbols?
   • Magna's Class A Subordinate Voting Shares are listed and traded on the Toronto Stock Exchange ("TSX") (MG.A) and on the New York Stock Exchange (MGA). Magna's Class B Shares (MG.B) were de-listed after the close of trading on Friday, September 21, 2007.  For the period from November 15, 2004 to May 7, 2006 only, the TSX had designated the Class A Subordinate Voting Share symbol and Class B Share symbol as MG.SV.A and MG.MV.B, respectively.
7. What are Magna's earnings release dates?
   • The earnings release dates are always subject to change; however, they typically fall in the first two weeks of May, August and November for the respective quarters ending March 31, June 30 and September 30. For the fourth quarter ended December 31, the release date typically falls in late February. Please see our Calendar of Events & Presentations section for further details and updates in and around these time periods for the exact release dates.
8. Can anyone listen to the quarterly earnings conference call?
   • Yes. Please see our Calendar of Events & Presentations section for further details.
9. Does Magna issue quarterly reports?
   • Yes. Please see our Financial Reports & Public Filings section for the most current reports.
10. How do I request financial or other information from Magna?
    • If you would like to receive Email Alerts when press & media releases, financial reports & public filings or calendar of events & presentations will be available electronically on our Web site, please subscribe in the Email Alerts section. Although we are trying to reduce the amount of printed materials we ship, if you would prefer to receive information by mail you may subscribe under the Request Printed Materials section of the Investors section.
11. Where can I find historical financial information for Magna?
    • The best sources will be our annual reports, quarterly reports and quarterly earnings press releases. The annual and quarterly reports can be found under our Financial Reports & Public Filings section and you can go to the Press Releases & News section to find our press releases.
12. Who are the members of Magna's Board of Directors and who are the officers of the company?
    • Please refer to our Board of Directors & Officers section.
13. When did Magna go public and at what price?
    • Magna Electronics Corporation Limited was first listed on the TSX on December 20, 1962 under the symbol MG. The share price first traded on December 21, 1962 at CAD $3.25 per common share.