A Canadian company you've never heard of may be helping Apple build a car (AAPL)
Samantha Lee/Business Insider
If Apple wants to bring a car to production, it'll likely need a good bit of help to get it there. Right now, it's looking like some of that help will likely come from the Canada-based automotive company Magna International.
Though there aren't yet concrete facts regarding when, how, and even if an Apple car will exist, a ton of rumors have already surfaced, including one highly-probable tip about how Apple probably won't be building this supposed car itself.
That's where Magna would come in.
Magna is a massive company.
Markus Leodolter/AP Images
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.
Magna Steyr, Magna's "contract manufacturing" arm, currently assembles the Mercedes-Benz G-Class and the Mini Countryman.
Magna
Magna Steyr has plants across Europe and Asia.
Magna
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