The axle holds the armature and the commutator. The armature is a set of electromagnets, in this case three. The armature in this motor is a set of thin metal plates stacked together, with thin copper wire coiled around each of the three poles of the armature. The two ends of each wire (one wire for each pole) are soldered onto a terminal, and then each of the three terminals is wired to one plate of the commutator.
The final piece of any DC electric motor is the field magnet. The field magnet in this motor is formed by the can itself plus two curved permanent magnets.
One end of each magnet rests against a slot cut into the can, and then the retaining clip presses against the other ends of both magnets.