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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 Powertrain of America Inc. | New York | state | 2006 | $5,000 | | enterprise zone |
Magna Powertrain USA Inc. | New York | state | 2007 | $975,000 | | enterprise zone |
Magna Drivetrain of America, Inc. | New York | state | 2004 | $1,200,000 | | enterprise zone |
Magna Powertrain of America, Inc. | New York | state | 2005 | $201,000 | | enterprise zone |
Magna Powertrain USA, Inc. | New York | state | 2008 | $318,871 | | enterprise zone |
Magna Electronics Inc. | United States | federal | 2009 | $2,378,750 | | federal grant |
Magna E-Car Systems Of America, Inc. | United States | federal | 2010 | $79,255,516 | | federal grant |
GETRAG Corporation | North Carolina | state | 2004 | $3,321,500 | | grant |
Magna Composites LLC | North Carolina | state | 2010 | $1,308,000 | | grant |
MAGNA MODULAR SYSTEMS INC | Ohio | state | 2011 | $90,000 | | grant |
MAGNA SEATING OF AMERICA INC | Ohio | state | 2009 | $20,651 | | grant |
MAGNA SEATING OF AMERICA INC | Ohio | state | 2010 | $12,400 | | grant |
Drive Automotive Industries of America, Inc. | South Carolina | state | 2012 | $600,000 | | grant |
Getrag Gears Corporation | North Carolina | state | 2005 | $76,000 | | grant |
Magna Seating of America | Tennessee | state | 2015 | $596,000 | | grant |
Magna Composites | North Carolina | local | 2010 | $362,000 | | grant |
Magna Seating of America Inc. | Michigan | state | 2012 | $732,000 | | grant/loan hybrid program |
Magna Sealing and Glass Systems | Michigan | state | 2012 | $1,200,000 | | grant/loan hybrid program |
Magna Exteriors and Interiors USA Inc. | Michigan | state | 2014 | $1,329,000 | | grant/loan hybrid program |
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 |
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 |
DONNELLY CORPORATION | Michigan | local | 1993 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1994 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1994 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1994 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1994 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1994 | undisclosed | | property tax abatement |
LEXAMAR CORPORATION | Michigan | local | 1994 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1994 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1994 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1994 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1994 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1994 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1994 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1994 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1994 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1994 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1994 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1994 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1994 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1995 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1995 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1995 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1995 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1995 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1995 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1995 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1995 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1995 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1995 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1995 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1996 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1996 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1996 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1996 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1996 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1996 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1996 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1996 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1996 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1996 | undisclosed | | property tax abatement |
LEXAMAR CORPORATION | Michigan | local | 1997 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1997 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1997 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1997 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1997 | undisclosed | | property tax abatement |
DONNELLY CORPORATION | Michigan | local | 1997 | undisclosed | | property tax abatement |