-
Recent Posts
- Milestones – 15 Million Honda Accords Sold in U.S.
- UAW to “Practice Pickett” Tomorrow at Woodward MPC
- June 2026 U.S. Auto Sales Forecast Up 3.6%
- BMW Expands Factory Use of Humanoid Robots
- “Disasters” – UAW on NAFTA, U.S.-Mexico-Canada Agreements
- Connectivity Snags Haunt Improvements in New-Vehicle Quality
- Trumped! – 2026 Vehicles Sales Forecasts All Down
- Annals of Marketing – Chevrolet Heartbeat of America Revived
- Milestones – Nissan Canton Builds 1 Millionth Frontier Truck
- Porsche AG Board Drastically Cuts 2025 Annual Dividend ~50%
- Ford Recalls Expand – Six More Covering ~172,000 Vehicles
- AAA – Independence Weekend Travel Forecast Flat
- IndyCar – Lundgaard Last-to-First Win at Road America!
- Carry Over Pricing Planned on the 2027 Subara Solterra
- First Look – 2027 Porsche Taycan EV. Values Crisis?
Recent Comments
- Magna International on Magna International Posts Q1 2026 EPS Loss of $0.04
- Council on Foreign Relations on Iran and Strait of Hormuz on AAA – Pump Gasoline Prices Still Soaring
- Autocrat on Stellantis Subordinated Perpetual Hybrid Bonds on Stellantis Posts Full Year 2025 Loss of €22.3B
- Michigan Governor Whitmer on Pew – Confidence in Trump Dips, Fewer Support His Policies
- Porsche Motorsport Daytona Victory on Daytona 24 Hours – Old and New Stars Getting Ready to Run
Archives
Meta
Tag Archives: Swamy Kotagiri
Magna to Sell Lighting and Rooftop Systems Firms
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
Posted in auto news, engineering, manufacturing, news analysis, shows and events, transportation
Tagged auto industry commentary, AutoInformed news, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino of AutoInformed, Ken Zino of AutoInformed.com writing as AutoCrat, Magna International, Magna Power & Vision segment, NYSE: MGA, Swamy Kotagiri, Toronto Stock Exchange, TSX: MG, X @KenAutoinformed
Leave a comment
Magna Posts 2025 EBIT of $2,364 Million
“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
Posted in auto news, economy, financial results, manufacturing, mobility company, news analysis
Tagged auto industry commentary, AutoInformed news, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino of AutoInformed, Ken Zino of AutoInformed.com writing as AutoCrat, Magna International, NYSE: MGA, Swamy Kotagiri, TSX: MG, X @KenAutoinformed
Leave a comment
Magna Posts Solid Q3 2025 Earnings Gain
Magna (TSX: MG. NYSE: MGA) today posted U.S. $613 million EBIT Q3 2025 compared to $594 million in the third quarter of 2024. Subject to the approval by the Toronto Stock Exchange, the Magna Board of Directors approved a new Normal Course Issuer Bid (“NCIB”) to purchase up to approximately 25.3 million of Magna Common Shares, representing 10% of the public float of Common Shares. This NCIB is expected to be effective on 7 November 2025 and will terminate no later than 6 November 2026.
“Our strong third quarter performance exceeded our expectations and underscores the resilience of our business amid dynamic operating conditions and evolving macroeconomic trends. These results reflect the strength of our global team and the effectiveness of our strategic execution,” said Swamy Kotagiri, Magna Chief Executive Officer. Continue reading
Posted in auto news, economy, financial results, manufacturing, mobility company, news analysis, results, sales, shows and events, Trump Truth Tests
Tagged auto industry commentary, AutoInformed news, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino of AutoInformed, Ken Zino of AutoInformed.com writing as AutoCrat, Magna International, Magna Q3 2025 earnings, Swamy Kotagiri, X @KenAutoinformed
1 Comment
Magna Names Philip D. Fracassa CFO
“I would like to extend my gratitude to Pat for his significant contributions and partnership, particularly during a dynamic period in the global economy and our industry,” said Swamy Kotagiri, Magna President and Chief Executive Officer. “On behalf of the entire Magna team, we wish him the very best in his future endeavors.”
“Phil is a seasoned financial leader with a strong track record of delivering results and driving transformation,” said Kotagiri. “His experience and perspective will be invaluable as we continue executing our strategy and advancing Magna’s financial position. I am looking forward to partnering with Phil on our continued journey,” said Kotagiri. Continue reading
Magna Posts Q2 2025 EBIT of $583 Million
Magna International (TSX: MG; NYSE: MGA) today reported relatively robust Q2 and H1 financial results in the midst of Trump’s ongoing tariff chaos and his hostility toward our Canadian friends, neighbors and business partners.
“Our strong operating results for the second quarter of 2025 exceeded our expectations and reflect continued execution on our performance initiatives, including operational excellence, restructuring, commercial recoveries, and reduced capital and engineering spending,” said Swamy Kotagiri, Magna Chief Executive Officer. Continue reading
Trump Tariff Pandemic is Crisis for the U.S. Auto Industry
Swamy Kotagiri the Chief Executive Officer of MAGNA spoke to the Automotive Press Association this week in Michigan about the complexities of the global automobile industry. He spoke as global volumes are relatively flat and volumes in North America and Europe are down. Now programs are being canceled after the investments are made. Volumes are being reduced after the capacity is installed.
“There is increased spending over a smaller number of units. This is sub-optimal for returns. And what does our industry look for? Scale and we need stability to be efficient through the value chain, given how the industry works to be efficient,” said Kotagiri, whose next big event is the Shanghai Motor Show at the end of the month to be held in the midst of the ongoing Trump versus the world trade wars. Last year MAGNA did ~$5.5 billion in sales in China, growing 15%. Continue reading
Posted in auto news, economy, engineering, manufacturing, mobility company, news analysis, shows and events, Trump Truth Tests
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, magna, Magna International, Swamy Kotagiri, X @KenAutoinformed
Leave a comment
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
Magna Buys Veoneer Active Safety Business
“Our electronics team, now with more than 7200 employees, including 3500 in engineering, can better accelerate (sic) the development of premium features and functions at scale. Magna will also benefit from an expanded geographic footprint and customer reach in key automotive regions around the world with nine facilities and 30 engineering/sales locations dedicated to active safety,” Kotagiri said. Continue reading
Magna International Posts Q1 2026 EPS Loss of $0.04
This is a good result in AutoInformed’s view given that Magna is managing its production volumes impacted by a large and complicated range of factors. Recently, Trump’s military conflicts and tariffs. Then there are global supply chain issues, including interference to supply of and/or increased costs of steel, aluminum, resin, energy supplies and so forth. Critical parts include semiconductor and memory (DRAM) chips which are causing OEM, supplier or sub-supplier disruptions. Then there are commodity prices, labor disruptions, cost of skilled labor and political regulatory actions among other challenges – AutoCrat. Continue reading →