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Stronach's management of Magna International is the subject of controversy, with her father suing her for mismanagement. Stronach was born in Newmarket, Ontario, the daughter of Austrian parents, Elfriede Sallmutter and Magna International founder and chairman Frank Stronach, who was the former president and chief executive officer of the company.She graduated from Newmarket High School and attended York University in 1985, where she studied business and economics, but dropped out after one year to work at Magna. Stronach was a member of the board of directors of Magna from 1988 until 2004.The Stronach Group is an industry leader in world-class horse racing, entertainment and pari-mutuel wagering technology.The Stronach Group holds some of the greatest brands in the industry including; Santa Anita Park, "The Great Race Place"; Pimlico Race Course, home of the legendary Preakness Stakes; Gulfstream Park, one of Florida's newest entertainment destination centers, and home to the -million Pegasus World Cup Invitational, the world's richest Thoroughbred horse race; Laurel Park; Golden Gate Fields; Portland Meadows; and Rosecroft Raceway.The Stronach Group is an industry leader in pari-mutuel technology through its subsidiaries Am Tote and Xpressbet and is a major distributor of horse racing content to a global audience through Monarch Content Management.The award winning Adena Springs is the breeding and training facility of The Stronach Group with stables in Kentucky, Florida and Ontario.
After leaving politics, she served as the executive vice-chairman of Magna International, Canada's largest automotive parts manufacturer until December 31, 2010.While CEO, the company added 3,000 jobs in Canada, 1,000 of them being in the Newmarket-Aurora area she would later represent in Parliament.Under her leadership Magna had record sales and profits each year.She became a vice-president of the company in 1995 and executive vice-president in 1999, until her appointment as president and chief executive officer.
She has chaired the boards of Decoma International Inc., Tesma International Inc., and Intier Automotive Inc., all in the auto parts sector.in what the Toronto Star called "a surprise move that reflects a shift in boardroom power" after the Stronach family gave up control earlier in 2010.