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Frank Stronach. Biography. Frank Stronach was born in Kleinsemmering , Styria, Austria He was born on September 6 th ,1932 He had Working-Class Parents His childhood was marked with War and economic depression

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biography
Biography
  • Frank Stronach was born in Kleinsemmering, Styria, Austria
  • He was born on September 6th,1932
  • He had Working-Class Parents
  • His childhood was marked with War and economic depression
  • At 14 years old, Stronach left school to become an apprentice as a tool and die maker
major contribution
Major Contribution
  • Stronach’s major contribution to Canadian business is the company he founded: Magna International Inc.
  • Magna is Canada’s largest Automobile parts company
magna s beginning
Magna’s Beginning
  • 1959- Magna gets it’s first auto parts order from General Motors
magna s beginning1
Magna’s Beginning
  • 1969- Multimatic merged with Magna Electronics Corporation Limited
  • Annual Sales: $4.5 million
magna now
Magna: Now
  • In Europe, Magna Steyr builds a number of luxury cars

Peugeot RCZ

frank stronach s future
Frank Stronach’s Future
  • Frank Stronach gave up control of Magna in 2010
  • He serves now as a Chairman of the Board
  • He is also now the Head the Electric Car division of the company
frank stronach s future1
Frank Stronach’s Future
  • In December 2010, Stronach traded control of Magna International Developments for Magna’s horse racing and gambling assets worldwide
impact on canadian business
Impact on Canadian Business
  • Magna employs approximately 21,000 Canadians