Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contracted vehicle assembly. Roughly half of Magna's revenue comes from North America while Europe accounts for approximately 44%.
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Richard Hilgert is a senior equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers automotive stocks.Hilgert has more than 25 years of experience in automotive industry research, analysis, and forecasting. Before joining Morningstar in 2010, he founded Automotive Financial Research, LLC, a firm that published financial research reports focusing on automotive companies and special industry topics. Before founding Automotive Financial Research, Hilgert provided automotive industry research for Roland Berger Strategy Consultants in Troy, Michigan.From 2004 through 2007, he was director/lead analyst, responsible for Fitch’s credit ratings of the domestic automotive supplier sector.Before joining Fitch, Hilgert covered automotive stocks for Oppenheimer for seven years in Detroit. Previously, he worked in the equity research departments of Stifel Nicolaus from 1995 to 1997 and A.G. Edwards from 1989 to 1995, covering automotive and other industrial companies.Hilgert holds a bachelor’s degree in business administration from Illinois Wesleyan
University and a master’s degree in finance from St. Louis University. He is a member of the Society of Automotive Analysts and the Society of Automotive Engineers.