By Gary S. Vasilash
When the phrase “the company started in a garage” is used, odds are the conclusion is that the company in question is based in Silicon Valley, which is somewhat an odd mental leap because, well, garages tend to be places where work is done on steel not silicon.
Magna had its start in a garage in 1950. Yes, bending metal.
But today it is a $36-billion company with 161,000 employees who work in 34 countries around the world.
While it still works metal, it is one of the leading technology suppliers to the auto industry, whether this takes the form of electrified powertrains or digital radar systems.
Yes, it also works with silicon.
And one of the more fascinating aspects of Magna is that not only does it supply components and systems for use by OEMs to produce vehicles, but it manufacturers complete vehicles for those OEMs, having built more than 3.7-million vehicles. The forthcoming Fisker Ocean? It will be built by Magna. (And Magna is deeply involved in the engineering for that EV, as well.)
On this edition of “Autoline After Hours” we are joined by Boris Shulkin, executive vp and Chief Digital & Information Officer, at Magna.
Shulkin, whose job ranges from identifying companies to work with (or invest in) to cybersecurity, has a broad view of the auto industry, given that Magna has operations that make everything from automotive seats to cameras.
He provides a fascinating look at a company that is involved in an array of facets of the auto industry.
Shulkin talks with “Autoline’s” John McElroy, Craig Cole of EV Pulse, and me.
And you can see it all here.
It is a started-in-a-garage company unlike those you’re probably more familiar with.