For those that follow the car industry the linked news is definitely interesting. When I was studying to become a mechanical engineer I spent many a workterm working at Magna. My father was a higher-level manager at Magna and I used to have quite a few friends at Magna. For those that don’t know about Magna, think of it as the Microsoft of the car industry.
Magna was started by Frank Stronach an Austrian tool and die maker in the early 70’s. Frank found a niche in supplying car parts for the car industry. Supplying parts these days is a very lucrative business. What made Magna different from the rest is that they built an innovative company that appreciated its workers through things like profit-sharing.
1 comment Sunday, Mar. 11, 2007
by Christian
