Josef und Franz Werndl & Comp., Waffenfabrik und Sägemühle (Arms Factory and Sawmill) is established in in Oberletten near Steyr, Upper Austria.
In accordance with the resolution at the 1925 annual general meeting, Josef und Franz Werndl & Comp., Waffenfabrik und Sägemühle is renamed STEYR-WERKE AG and entered in the Vienna register of companies.
May 21: Puchwerke AG shareholders' meeting approves merger with Österreichische Daimler-Motoren AG.
December 28: The new company, Austro Daimler Puchwerke Aktiengesellschaft, is entered in the Vienna register of companies.
After the approval at Steyr-Werke AG shareholders' meeting to merge with Austro Daimler Puchwerke Aktiengesellschaft, the new Steyr-Daimler-Puch AG is entered in the Vienna register of companies.
Frank Stronach founds the company Multimatic.
Multimatic merges with Magna Electronics.
Magna Electronics Corporation Limited changes it name to Magna International Inc. Magna opens its first headquarter in Toronto, Canada.
Founding of "Steyr Motorentechnik GmbH"
Founding of "Engineering Center Steyr GmbH & Co KG"
In 1998 MAGNA International Inc. acquires a majority holding in Steyr-Daimler-Puch AG. From 1996 to 1998, Magna undergoes a major European expansion, acquiring a number of European-based automotive system suppliers.
MAGNA STEYR's business unit Powertrain is hived off into the independent Magna Group Magna Drivetrain, which focuses on the development and production of drivetrain technologies and all-wheel-drive systems.
Founding of Magna Powertrain following the merger of Magna Drivetrain, Tesma International and the Engineering Center Steyr.
Magna divests its interior business and acquires GETRAG Group of Companies, one of the world’s leading independent suppliers of automotive transmissions.
