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Magna, Linamar, Martinrea on 2023 Automotive News Top 100 Global Suppliers List

Just three Canada-based auto parts makers find themselves in 2023 Automotive News Top 100 Global Suppliers List. That’s two fewer than a year ago.

The list, released Monday by sibling publication Automotive News in Detroit, tracks sales to automakers from the previous year.

Magna International Inc., Linamar Corp. and Martinrea International Inc., landed on the list.

Magna, based in Aurora, Ont., remained fourth on the list. It’s the only Canadian company in the top five.

Magna had sales of $37.8 billion (all figures in USD) to automakers worldwide, up 4.4 per cent over the previous year. The company was also North America’s biggest supplier and the third largest supplier in Europe, behind Robert Bosch and ZF Friedrichshafen.

Here is how the other Canadian companies in the top 100 fared:

  • Linamar Corp. of Guelph, Ont., fell to 59 out of 54 on the list, with $4.3 billion in sales, up from $3.7 billion a year ago;
  • Martinrea International Inc. of Vaughn, Ont. also fell, down to 67 from 63. It posted $3.5 billion in sales, up from $2.9 billion.

Canadian companies Multimatic and ABC Technologies completely fell off the list. They were ranked 95th and 97th respectively last year.

Robert Bosch remained No. 1 again on this year’s ranking, with global share revenue of $50.46 billion. Denso Crop. And ZF Friedrichshafen finished two and three on the list, with $47.9 billion and $42.1 billion in revenue, respectively.

With files from Automotive News.

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