Magna International

Magna profits fall on turnaround moves; sales rise as Europe outlook improves

8:44 am U.S. ET | Nov. 6, 2013
Canadian auto parts supplier Magna International said third quarter net income fell 18 percent to $319 million. The company cited $33 million in restructuring charges and said it expects about $94 million in restructuring costs during the second half of the year....
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Magna's quarterly sales rise nearly 13% as Europe business improves

Nov. 6, 2013 13:55 CET
Canadian supplier Magna, which has been working to turn around inefficient operations in Europe, reported a nearly 13 percent rise in quarterly sales as business in the region improved....
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Magna expects China sales to quadruple by 2020

Oct. 30, 2013 11:55 CET
Canadian supplier Magna aims to generate $4 billion (24.35 billion yuan) in sales in China by 2020, more than four times the revenue expected for this year....
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