Magna Awarded Vehicle Assembly Business with Chinese OEM XPENG
New program marks the first Chinese automaker to localize production in Magna’s complete vehicle operations in Europe
Magna Names Philip D. Fracassa Chief Financial Officer
Magna today announced the appointment of Philip D. Fracassa as Executive Vice-President and Chief Financial Officer (CFO), effective immediately.
Magna to Showcase Its Vision for Safer, Smarter, Greener Mobility at IAA Mobility 2025
Discover Magna’s broad portfolio of sustainable materials, drivetrains and energy storage systems
at IAA Mobility
Magna Advances Vehicle Safety Innovation with Integrated Interior Sensing Systems
Magna is redefining vehicle safety with its comprehensive interior sensing systems, designed to protect occupants and enhance the driving experience.
The Power of Magna
About Magna
We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.

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Innovation and world-class manufacturing are just some of the reasons why people invest in Magna.