Magna first began business in the early 1950's. By the end of the decade, they were contracted out by General Motors to make small interior parts.
By the early 1960's, Magna had two fully-operational plants running and its shares were being publicly traded on the Toronto Stock Exchange.
Now, Magna is the original equipment manufacturer of auto parts for a ton of different car brands and it also does full assembly for a handful of cars.
Though it has thrown the idea around of operating its own automotive brand, Magna's primary involvement in the automotive world is primarily centered around part supplying.
[Source: Clean Technica]
Apple and Magna did not immediately respond to a request for comment.
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