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Tag Archives: TSX: MG
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
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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 →