Magna: R&D costs 2016-2022

Published by
Martin Placek,
Jun 12, 2023
In the 2022 fiscal year, Magna International accrued 649 million U.S. dollars in research and development (R&D) costs. This represents an increase of some two percent compared with the previous fiscal year when the company spent around 634 million U.S. dollars on R&D.

Magna International's research and development costs between FY 2016 and FY 2022 (in million U.S. dollars)

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Release date

2023

Region

Worldwide

Survey time period

FY 2016 to FY 2022

Supplementary notes

The values are for the years ended December 31.
The values for years prior to 2021 were taken from previous editions of the annual report.

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