Sales of $8.7 billion decreased 18%, compared to global light vehicle production down 27%Estimated COVID-19 impacts of approximately $1.1 billion on sales, $250 million on.
Magna International, the diversified auto supplier, is joining the ranks of automotive manufacturers looking to lend a hand in the battle against the novel coronavirus pandemic. In this case, Magna has dusted off an existing device called the Puro from its consumer division that it thinks could be helpful to health care and other workers plagued by shortages of personal protective equipment. Magna engineers say it proved effective against killing the antibiotic-resistant MRSA bacteria in 2012, and they think it holds similar promise to kill the COVID-19 coronavirus, potentially helping health care providers by disinfecting masks and other protective equipment that’s in critically short supply.
Strong fundamentals and a currently depressed price are favorable signs for value investors Continue reading...
Lightweight solution debuted on the 2020 Toyota SupraComposite reinforcement enables 10 percent mass reductionFirst application of composite space frame for automotive liftgate.
AURORA, Ontario, May 07, 2020 -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2020 annual meeting of shareholders held on May 7, 2020..
Magna (MGA) is well poised to benefit from expanding its business through joint ventures and hub openings amid the coronavirus pandemic
Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it filed a preliminary short form base shelf prospectus (“shelf prospectus”) with the Ontario Securities Commission (the "OSC") and a corresponding shelf registration statement with the United States Securities and Exchange Commission (the "SEC") on Form F-10. Once the final short form base shelf prospectus is receipted by the OSC and the shelf registration statement becomes effective, these filings will, subject to securities regulatory requirements, qualify for issuance up to an aggregate of US$2.0 billion of debt securities from time to time over a 25-month period.
There’s a new showdown quietly brewing between the world’s largest superpowers, and one critical metal will play a key role in how the face off turns out
AURORA, Ontario, April 16, 2020 -- Magna International Inc. (TSX:MG) (NYSE:MGA) FIRST QUARTER 2020 RESULTS CONFERENCE CALLTHURSDAY – MAY 7, 20208:00 AM ET DIAL IN NUMBERSNorth.
Canadian auto supplier Magna International Inc is planning for a return to production in North America on May 4, with a subsequent gradual increase in output as the industry recovers from the shutdown caused by the coronavirus pandemic, a top executive said on Wednesday. President Donald Trump has expressed a desire to get Americans back to work soon. The auto industry has already reopened in China, where Magna has some plants back at 80% capacity, and is just now restarting operations in Europe.
Major U.S. auto suppliers told Michigan Governor Gretchen Whitmer they are ready to restart production and raised alarm about new delays to resuming operations. Due to the coronavirus pandemic, most auto suppliers halted operations in late March as automakers closed their factories. Now uncertainty about when Michigan will allow the resumption of operations is causing delays throughout the U.S. auto industry.
AURORA, Ontario, March 26, 2020 -- Magna International Inc. (TSX: MG; NYSE: MGA) today provided an update on a number of actions related to the COVID-19 pandemic. Magna has.
Canadian auto supplier Magna International Inc
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In 2010 Don Walker was appointed CEO of Magna International Inc. (TSE:MG). This report will, first, examine the CEO...
Amid coronavirus-led uncertainty and financial crisis, Magna International (MGA) halts the stock buyback program until further notice. It also refrains from providing annual view for 2020.
MGA earnings call for the period ending March 31, 2020.
AURORA, Ontario, March 27, 2020 -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2019 Annual Report, including Management’s Discussion and Analysis and.
Is Magna International Inc. (TSE:MG) a good dividend stock? How can we tell? Dividend paying companies with growing...
Magna (MGA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.