Tag Archives: NYSE: MGA

Magna to Sell Lighting and Rooftop Systems Firms

Posted on 9 April 2026 by Ken Zino

Magna International Inc. (TSX: MG; NYSE: MGA) today said that it has entered into definitive agreements to divest its Lighting business through two separate transactions, as well as its Rooftop Systems business in a third transaction.* “Today’s announcement underscores our … Continue reading →

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Magna Posts 2025 EBIT of $2,364 Million

Posted on 13 February 2026 by Ken Zino

“We closed 2025 with a strong fourth quarter, successfully navigating another dynamic year in our industry. Our disciplined execution and commitment to operational excellence enabled us to deliver financial results that were in line with, or exceeded, our February 2025 Outlook across all key metrics. We expanded full-year adjusted EBIT margin by 20 basis points and generated robust Free Cash Flow of $1.9 billion,” said Swamy Kotagiri, Magna CEO. Continue reading →

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Oh Canada – Magna Q3 Sales Off but Net Earnings Up

Posted on 1 November 2024 by Ken Zino

“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 →

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Magna Results Reflect Turmoil in OE EV Programs

Posted on 2 August 2024 by Ken Zino

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 →

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