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Believe it or Not – September 26, 2019

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Trading Cars for Cattle

On September 3, Frank Stronach, the founder of automobile parts supplier Magna International, approached Prince Edward County, Ont.’s agricultural advisory committee to pitch a 10,000 sq. ft. beef processing facility.

Magna International is one of the largest suppliers of automotive systems and technology in North America. Stronach has explained that he began the company as one-man operation in the 1950os, using a small rented garage as an office. Since then, Magna has become a 175,000 employee-strong company with annual revenues of $50 billion and factories in 30 countries worldwide.