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Subsidy Tracker Parent Company Summary
Parent Company Name: Magna International
Ownership Structure: publicly traded (ticker symbol MGA)
Headquartered in: Canada
Major Industry: automotive parts
Specific Industry: automotive parts
Subsidy Summary | Subsidy Value | Number of Awards |
State/Local | $132,961,841 | 95 |
Federal (grants and allocated tax credits) | $81,634,266 | 2 |
TOTAL | $214,596,107 | 97 |
Loan / Bailout Summary | Total Face Value | Number of Awards |
State/Local loans, bond financing and venture capital | $0 | 0 |
Federal loans, loan guarantees and bailout assistance (not including repayments) | $0 | 0 |
TOTAL | $0 | 0 |
Time Period for State and Local Awards: Earliest year of data: 1970. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2003.
Time Period for Federal Awards: FY2000 to the present
Notes: Dollar totals do not include awards for which no subsidy value is disclosed.
Links: For a summary of this company's regulatory violations see its Violation Tracker summary page
here.
Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
Michigan | $94,706,169 | 41 |
Kentucky | $19,690,300 | 12 |
North Carolina | $10,752,844 | 16 |
New York | $2,703,598 | 6 |
Ohio | $2,319,880 | 8 |
All other | $2,789,050 | 12 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
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Company | Location | Subsidy Source | Year | Subsidy Value | Loan/Bailout Value | Type of Subsidy |
Magna Electronics | Michigan | state | 2011 | $3,651,000 | | tax credit/rebate |
Magna Electronics | Michigan | state | 2011 | $12,000 | | tax credit/rebate |
Magna Electronics | Michigan | state | 2014 | $29,520 | | training reimbursement |
Magna Electric Vehicle Structures - Michigan | Michigan | state | 2023 | $3,600,000 | | tax credit/rebate |
Magna Electric Vehicle Structures - Michigan | Michigan | state | 2023 | $22,772,704 | | tax credit/rebate |
Magna Electric Vehicle Structures - Michigan | Michigan | state | 2023 | $5,288,946 | | tax credit/rebate |
Magna Electric Vehicle Structures - Michigan | Michigan | state | 2023 | $6,304,520 | | tax credit/rebate |
Magna E-Car Systems Of America, Inc. | United States | federal | 2010 | $79,255,516 | | federal grant |
MAGNA E-CAR SYSTEMS OF AMERICA | Michigan | local | 2010 | undisclosed | | property tax abatement |
Magna Drivetrain of America, Inc. | New York | state | 2004 | $1,200,000 | | enterprise zone |
Magna Drive Automotive | South Carolina | state | 2010 | $110,800 | | training reimbursement |
MAGNA DONNELLY ELECTRONICS | Michigan | local | 2007 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORPORATION | Michigan | local | 2003 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORPORATION | Michigan | local | 2003 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORPORATION | Michigan | local | 2004 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORPORATION | Michigan | local | 2004 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORPORATION | Michigan | local | 2004 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORPORATION | Michigan | local | 2005 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORPORATION | Michigan | local | 2005 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORPORATION | Michigan | local | 2005 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORPORATION | Michigan | local | 2005 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORPORATION | Michigan | local | 2007 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORPORATION | Michigan | local | 2007 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORPORATION | Michigan | local | 2007 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORPORATION | Michigan | local | 2007 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORPORATION | Michigan | local | 2007 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORPORATION | Michigan | local | 2007 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORPORATION | Michigan | local | 2008 | undisclosed | | property tax abatement |
Magna Donnelly Corporation | Michigan | state | 2007 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORP | Michigan | local | 2003 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORP | Michigan | local | 2003 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORP | Michigan | local | 2003 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORP | Michigan | local | 2003 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORP | Michigan | local | 2003 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORP | Michigan | local | 2004 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORP | Michigan | local | 2004 | undisclosed | | property tax abatement |
MAGNA DONNELLY CORP | Michigan | local | 2004 | undisclosed | | property tax abatement |
Magna Composites LLC | North Carolina | state | 2010 | $1,308,000 | | grant |
Magna Composites LLC | North Carolina | local | 2009 | $160,661 | | property tax abatement |
Magna Composites | North Carolina | local | 2010 | $362,000 | | grant |
Magna Car Top Systems (Bowling Green), LLC | Kentucky | state | 2007 | $25,000 | | training reimbursement |
Magna Car Top Systems (Bowling Green) LLC | Kentucky | state | 2007 | $25,000 | | training reimbursement |
Magna Car Top Systems (Bowling Green) LLC | Kentucky | state | 2010 | $662,800 | | tax credit/rebate |
Lordstown Seating Systems: A Division of Magna Sea | Ohio | state | 2003 | undisclosed | | tax credit/rebate |
LEXAMAR CORPORATION | Michigan | local | 1994 | undisclosed | | property tax abatement |
LEXAMAR CORPORATION | Michigan | local | 1997 | undisclosed | | property tax abatement |
LEXAMAR CORPORATION | Michigan | local | 2003 | undisclosed | | property tax abatement |
Lexamar Corporation | North Carolina | state | 2012 | $112,500 | | tax credit/rebate |
Lexamar Corporation | North Carolina | state | 2012 | $171,548 | | tax credit/rebate |
Lexamar Corporation | North Carolina | state | 2012 | $390,000 | | tax credit/rebate |
Lexamar Corporation | North Carolina | state | 2012 | $438,217 | | tax credit/rebate |
Lexamar Corporation | North Carolina | state | 2013 | $24,249 | | tax credit/rebate |
Lexamar Corporation | North Carolina | state | 2015 | $20,107 | | tax credit/rebate |
Lexamar Corporation | Michigan | state | 1998 | undisclosed | | property tax abatement |
Lexamar Corporation | Michigan | state | 1999 | undisclosed | | property tax abatement |
Lexamar Corporation | Michigan | state | 2003 | undisclosed | | property tax abatement |
LEXAMAR CORP. | Michigan | local | 2000 | undisclosed | | property tax abatement |
LEXAMAR CORP | Michigan | local | 2010 | undisclosed | | property tax abatement |
INTIER AUTOMOTIVE INTERIORS OF AMERICA INC. | Michigan | local | 2001 | undisclosed | | property tax abatement |
INTIER AUTOMOTIVE INTERIORS OF AMERICA INC | Michigan | local | 2003 | undisclosed | | property tax abatement |
INTIER AUTOMOTIVE INTERIORS OF AMERICA INC | Michigan | local | 2004 | undisclosed | | property tax abatement |
INTIER AUTOMOTIVE CLOSURES OF AMERICA INC | Michigan | local | 2005 | undisclosed | | property tax abatement |
Getrag Gears Corporation | North Carolina | state | 2005 | $76,000 | | grant |
GETRAG Corporation | Michigan | state | 2009 | $11,250 | | training reimbursement |
GETRAG Corporation | North Carolina | state | 2009 | $1,161,206 | | tax credit/rebate |
GETRAG Corporation | North Carolina | state | 2004 | $3,321,500 | | grant |
Getrag Corporation | North Carolina | state | 2008 | $1,843,873 | | tax credit/rebate |
GETRAG Corporation | North Carolina | state | 2011 | $780,000 | | tax credit/rebate |
GETRAG Corporation | North Carolina | state | 2011 | $147,983 | | tax credit/rebate |
GETRAG Corporation | North Carolina | state | 2012 | $435,000 | | tax credit/rebate |
Drive Automotive Industries of America, Inc. | South Carolina | state | 2012 | $600,000 | | grant |
Drive Automotive (Magna International) | South Carolina | state | 2005 | undisclosed | | tax credit/rebate |
Donnelly Corporation of | Michigan | state | 1996 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1992 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1993 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1993 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1993 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1993 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1993 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1993 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1993 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1993 | undisclosed | | property tax abatement |