![Martin Placek](https://cdn.statcdn.com/static/../CMS/contactperson/ERI2764_1636745867.jpg)
Magna: R&D costs 2016-2022
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.