[13] Magna began designing automotive rearview cameras for Hummers in 2005 on its production line in Michigan, US, which were not a federal requirement at the time.
[17] The company sold its interiors business, which includes door and instrument panels, overhead systems and cargo management parts, to Grupo Antolin in August 2015.
The sale to Grupo Antolin included 36 plants and 12,000 employees in Europe, North America and Asia, about 10 percent of the Magna's global workforce at the time.
[18] In March 2018, Magna announced they will work together with the ride-share company Lyft to supply high-tech kits that turn vehicles into self-driving cars.
[19] Magna announced a partnership with BAIC Group in June 2018 to develop "next-generation" smart electric vehicles for Chinese consumers.
[20] In February 2021, the office of the governor of the state of Michigan announced that Magna plans to open a facility in the city of St. Clair to build battery enclosures for the 2022 GMC Hummer electric pickup.
[25] Magna is governed under a corporate constitution, and requires consensus from management, shareholders and employees to make any changes.
[10] In 2002, Magna International announced that it had reached an agreement with DaimlerChrysler to acquire its Austrian-based Eurostar Automobilwerk operation.
In July 2015, Magna bought the German company Getrag, which was one of the largest suppliers of automotive transmissions worldwide for $1.9 billion.
[38] In December 2022, it was announced Magna has acquired the Stockholm-headquartered Veoneer Active Safety business from SSW Partners for US$1.52 billion.
[45] In 2017 Goldman Sachs has reported that automated features developed by suppliers such as Magna will produce a 42 percent compound annual growth rate in global revenue over the next decade.