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 SummarySubsidy ValueNumber of Awards
State/Local$80,124,12883
Federal (grants and allocated tax credits)$41,189,3752
TOTAL$121,313,50385
Loan / Bailout SummaryTotal Face ValueNumber of Awards
State/Local loans, bond financing and venture capital$00
Federal loans, loan guarantees and bailout assistance (not including repayments)$00
TOTAL$00
Time Period for State and Local Awards: 

Earliest year of data: 1992. 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 2002.

Time Period for Federal Awards: 

FY2000 to the present

Notes: 

Dollar totals do not include awards for which no subsidy value is disclosed.

Associated Names: 

DONNELLY; DRIVE AUTOMOTIVE IND OF AMERICA; GETRAG; GETRAG GEARS; INTIER AUTOMOTIVE INTERIORS OF AMERICA; LEXAMAR; LORDSTOWN SEATING SYS; MAGNA; MAGNA DRIVETRAIN OF AMERICA

Links: 

For a summary of this company's regulatory violations see its Violation Tracker summary page here.


Top 5 States for state/local awardsTotal Subsidy $Number of Awards
Michigan$44,387,20633
Kentucky$19,615,30011
North Carolina$10,752,84416
New York$2,703,5986
Indiana$1,038,5007
All other$1,626,68010

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 Valuesort icon Loan/Bailout Value Type of Subsidy
MAGNA E-CAR SYSTEMS OF AMERICA, INC. United States federal 2010 $40,000,000 federal grant
Magna Seating of America, Inc. Kentucky state 2012 $8,500,000 tax credit/rebate
Magna Seating of America, Inc. Kentucky state 2010 $6,000,000 tax credit/rebate
Magna Holdings of America, Inc. Michigan state 2010 $5,607,032 tax credit/rebate
Magna Electronics Michigan state 2010 $5,087,324 tax credit/rebate
Magna Seating of America Inc. Michigan state 2009 $4,563,000 tax credit/rebate
Magna Electronics Michigan state 2011 $3,781,000 property tax abatement
Magna Electronics Michigan state 2011 $3,651,000 tax credit/rebate
Magna Electronics, Inc. Michigan state 2009 $3,433,000 tax credit/rebate
GETRAG Corporation North Carolina state 2004 $3,321,500 grant
Magna Electronics Michigan state 2011 $2,110,000 tax credit/rebate
Magna Seating of America, Inc. dba Louisville Seating Kentucky state 2016 $2,000,000 tax credit/rebate
Magna Seating of America, Inc. dba Louisville Seating Kentucky state 2017 $2,000,000 tax credit/rebate
Magna Holdings of America, Inc. Michigan state 2010 $1,918,050 tax credit/rebate
Getrag Corporation North Carolina state 2008 $1,843,873 tax credit/rebate
Magna Holdings of America, Inc. Michigan state 2010 $1,811,000 tax credit/rebate
Magna Steyr North America Michigan state 2011 $1,572,000 tax credit/rebate
Magna Electronics Michigan state 2011 $1,566,000 property tax abatement
Magna International of America, Mimco Inc. Michigan state 2011 $1,496,000 tax credit/rebate
Magna Exteriors and Interiors USA Inc. Michigan state 2014 $1,329,000 grant/loan hybrid program
Magna Composites LLC North Carolina state 2010 $1,308,000 grant
Magna Sealing and Glass Systems Michigan state 2012 $1,200,000 grant/loan hybrid program
Magna Drivetrain of America, Inc. New York state 2004 $1,200,000 enterprise zone
MAGNA ELECTRONICS INC. United States federal 2009 $1,189,375 federal grant
Magna Holdings of America, Inc. Michigan state 2010 $1,161,619 tax credit/rebate
GETRAG Corporation North Carolina state 2009 $1,161,206 tax credit/rebate
Magna Holdings of America, Inc. Michigan state 2010 $1,041,245 tax credit/rebate
Magna Powertrain USA Inc. New York state 2007 $975,000 enterprise zone
GETRAG Corporation North Carolina state 2011 $780,000 tax credit/rebate
Magna Seating of America Inc. Michigan state 2016 $740,000 tax credit/rebate
Magna Seating of America Inc. Michigan state 2012 $732,000 grant/loan hybrid program
Magna Car Top Systems (Bowling Green) LLC Kentucky state 2010 $662,800 tax credit/rebate
Drive Automotive Industries of America, Inc. South Carolina state 2012 $600,000 grant
Magna Seating of America Tennessee state 2015 $596,000 grant
Magna Mirrors of America, Inc. Michigan state 2019 $448,000 tax credit/rebate
Lexamar Corporation North Carolina state 2012 $438,217 tax credit/rebate
GETRAG Corporation North Carolina state 2012 $435,000 tax credit/rebate
Magna Powertrain of America, Inc. Indiana state 2013 $400,000 tax credit/rebate
Lexamar Corporation North Carolina state 2012 $390,000 tax credit/rebate
Magna Composites North Carolina local 2010 $362,000 grant
Magna Holdings of America, Inc. Michigan state 2010 $335,913 tax credit/rebate
Magna Electronics Michigan state 2011 $321,000 tax credit/rebate
Magna Powertrain USA, Inc. New York state 2008 $318,871 enterprise zone
Magna Powertrain of America, Inc. Indiana state 2011 $275,000 tax credit/rebate
Magna Powertrain of America, Inc. New York state 2005 $201,000 enterprise zone
Lexamar Corporation North Carolina state 2012 $171,548 tax credit/rebate
Magna Holdings of America, Inc. Michigan state 2010 $169,000 tax credit/rebate
Magna Composites LLC North Carolina local 2009 $160,661 property tax abatement
Magna Seating of America dba Louisville Seating Systems Kentucky state 2012 $154,350 training reimbursement
GETRAG Corporation North Carolina state 2011 $147,983 tax credit/rebate
Lexamar Corporation North Carolina state 2012 $112,500 tax credit/rebate
Magna Drive Automotive South Carolina state 2010 $110,800 training reimbursement
Magna Exteriors and Interiors USA, Inc. Michigan state 2014 $107,563 property tax abatement
Magna Powertrain of America, Inc. Indiana state 2012 $100,000 tax credit/rebate
Magna Seating of America, Inc. dba Louisville Seating Kentucky state 2014 $100,000 training reimbursement
Magna Seating of America, Inc. dba Louisville Seating Kentucky state 2016 $100,000 training reimbursement
MAGNA MODULAR SYSTEMS INC Ohio state 2011 $90,000 grant
Magna Seating of America, Inc. Ohio state 2016 $85,000 tax credit/rebate
Getrag Gears Corporation North Carolina state 2005 $76,000 grant
Magna Powertrain of America, Inc. Indiana state 2013 $75,000 training reimbursement
Magna Powertrain of America, Inc. Indiana state 2014 $75,000 training reimbursement
Magna Powertrain of America, Inc. Indiana state 2007 $73,500 training reimbursement
Magna Mirrors of America, Inc. Michigan state 2014 $50,190 training reimbursement
Magna Seating of America dba Louisville Seating Systems Kentucky state 2012 $48,150 training reimbursement
Magna Modular Systems, Inc. Ohio local 2011 $41,843 tax credit/rebate
Magna Powertrain of America, Inc. Indiana state 2011 $40,000 training reimbursement
Magna Steyr North America Michigan state 2011 $37,000 tax credit/rebate
Magna Modular Systems, Inc. Ohio local 2010 $35,934 tax credit/rebate
Magna Modular Systems, Inc. Ohio local 2012 $34,052 tax credit/rebate
Magna Electronics Michigan state 2014 $29,520 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 2007 $25,000 training reimbursement
Lexamar Corporation North Carolina state 2013 $24,249 tax credit/rebate
Magna Electronics Michigan state 2011 $23,000 tax credit/rebate
MAGNA SEATING OF AMERICA INC Ohio state 2009 $20,651 grant
Lexamar Corporation North Carolina state 2015 $20,107 tax credit/rebate
Magna Steyr North America Michigan state 2010 $14,000 training reimbursement
Magna Steyr North America Michigan state 2011 $14,000 property tax abatement
MAGNA SEATING OF AMERICA INC Ohio state 2010 $12,400 grant
Magna Electronics Michigan state 2011 $12,000 tax credit/rebate
GETRAG Corporation Michigan state 2009 $11,250 training reimbursement
Magna Holdings of America, Inc. Michigan state 2014 $10,500 training reimbursement
Magna Powertrain of America Inc. New York state 2006 $5,000 enterprise zone
Magna Electronics Michigan state 2011 $5,000 tax credit/rebate
MAGNA PROPERTIES, LT New York local 2011 $3,727 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
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