Frank Stronach, founder of supplier giant Magna International will be inducted into the Automotive Hall of Fame in Dearborn, Mich., in July.
Stronach turned a one-man tool shop in Toronto called Multimatic into Magna, the third-largest automotive supplier in the world.
"His innovation in creating a unique corporate culture and compensation system, driving competition and excellence, has changed the global landscape of the automotive supply base," a statement announcing the inductees said.
Mike Jackson, who in his nearly two-decade tenure leading AutoNation Inc. has grown it into the largest new-vehicle dealership group in the United States, will also be inducted.
The other inductees this year will be Kiichiro Toyoda, who launched what became Toyota Motor Corp., and Ray and Tom Magliozzi, co-hosts of the National Public Radio weekly show "Car Talk."
They will be inducted during a ceremony at the MGM Grand Detroit on July 19.