Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31 2025. Sales decreased 8% to $10.1 billion, as global light vehicle production decreased 3%, which included 8% and 5% declines in Europe and North America, respectively.

“Our operating results for the first quarter of 2025 exceeded our expectations, with strong incremental margins on better than anticipated vehicle production and, for the balance of the year, we remain confident in our ability to execute on variables within our control in a complex and uncertain industry environment. We are actively advancing several initiatives including operational excellence, restructuring, commercial recoveries, and reduced capital and engineering spending to mitigate the impact of tariffs,” said Swamy Kotagiri, Magna’s Chief Executive Officer. We remain focused on generating long-term free cash flow to invest for profitable growth and drive compelling capital return to shareholders.”