GREATER CANADIAN

Mr. Frank Stronach

&
Mrs. Bertha Wilson

OPENING: FRANK STRONACH

Frank Stronach Was Born in Weiz, Austria September 6th, 1932.

He was raised around machinist styled shops and was designing and
machining tools for company's at a very young age.
He moved to Canada after the war across seas in Europe.
Took many odd jobs in Toronto and then later settled down in a machine
shop.
He later developed his own 10 man machining company, specializing in
cutting tools.
In 1959 he received his first order of parts from the General Motors
company and this is when his business with auto parts would begin.

BERTHA WILSON

Born: Kirkandy, Scotland September 18th, 1923.

Immigrated to the Ottawa Valley, Canada, with her Minister Husband on a
quest to join the Supreme Court.
In 1954 she had the opportunity to attend Law School, and graduated with
honors in 1957.
She Follow her Husband to Toronto and luckily landed a job with Osler,
Hoskin & Harkourt, a blue0blood Bay Street Firm.
Within a few years she had emerged as the quintessential Lawyers
Lawyer Paid to give advice to other lawyers in the firm.
In 1975 she was appointed to the Ontario Court of Appeal.
For this Wilson was noticed, and she was a natural choice as the first
woman appointed to the Supreme Court of Canada in March 1982.

FRANK STRONACH:
THE BEGINNING

In 1965 Frank Stronach signed a trade treaty between Canada and the
United States on Manufacturing cars came into effect.
The Autopact created a free-trade zone in car-making between two
countries and guaranteed Canadian jobs in a mammoth industry.
This industry was almost wholly foreign-owned.

This treaty meant vehicles in North America could be sold easier and
quicker than before and would increase the job rate substaintially.

FRANK STRONACH:
THE FALL

In 1969 Stronach merged his company with Magna Electronics Corp., a

smallish defense supplier.
Magna took advantage of southern Ontario's proximity to Detroit and the
lower wages of Canadian workers to build a competitive advantage in the
economic sector that had long been the provinces industrial core.
By 1984 it operated forty-three mostly Canadian plants and sold nearly
$500 Million in car parts.
The continuous expansion put him in debt and Japanese imports started
taking over the mainstream business.
North American manufacturers and overall car sales became sluggish, few
analysts concluded that Magna could survive.

FRANK STRONACH:
THE RISE AGAIN

Stronach closed plants, sold others, and reconstructed his company to

concentrate on its core business.
By the mid-19902 he was on top again, capitalizing on rebounding car
sales and a push in the industry to contract out production to cheaper
suppliers.
This initiative to explode the Magna business has often been veiwed as a
strategic end-run around the unionized plants of the big three to ununionized workers in Stronachs Empire.
Today these profits are astounding: in 1995 Magna earned over $300
million on sales of nearly $5 billion. It is impossible to imagine the
Candian Automotive sector without Magna.

CONCLUSION

Frank Created many jobs for Canadians over the course of 50 years and
still continues to provide jobs in factories around Canada and Northern
America.
His attributes to the industry created economic challenges that benefitted
his company and Canada creating a leading manufacturing industry
bringing large amounts of money to Canada.
His initiative and will power for success as a leader is a good setting
example for future businesses and businessmen in Canada.
This proves that Frank Stronach was the more influential Canadian