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- Oh Canada – Magna Q3 Sales Off but Net Earnings Up
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- Toyota on new discounts on U.S. Vehicles Sales Drop as Consumers Wait for Discounts
- Ford Recalls Transit Vans for Steering Loss | AutoInformed on Ford EVs and Quality Damage First Half Net Income and EPS
- Asahi Kasei and Honda to Make Lithium-ion Battery Separators | AutoInformed on Lightweighting Avant-Garde – GM, BMW, Asahi Kasei, Mazda, Sika Automotive
- Oh Canada – Magna Q3 Sales Off but Net Earnings Up | AutoInformed on Magna Results Reflect Turmoil in OE EV Programs
- For The Record – Corvette ZR1 Hits 233 MPH | AutoInformed on Retro-Vette? 2025 Chevy Corvette Split-Window ZR1 Coupe
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Tag Archives: NYSE: MGA
Magna Results Reflect Turmoil in OE EV Programs
AutoInformed notes that Magna’s challenge as a global diversified supplier to automakers going forward is adopting to and making money from the delay, elimination or reduced volumes in larger automaker EV programs while retaining or increasing sales from the now extended life of vehicles with internal combustion engines and their potential freshening and updates with increased content that this likely entails. Continue reading
Oh Canada – Magna Q3 Sales Off but Net Earnings Up
“We continue to mitigate industry headwinds including lower production volumes in each of our core regions. Our ongoing initiatives and results to date reinforce our conviction in our free cash flow outlook this year and beyond. As we continuously seek to optimize value creation, we are resuming share repurchases in the fourth quarter –ahead of our prior plan,” said Swamy Kotagiri, Magna’s Chief Executive Officer. Continue reading →