Sales of $10.6 billion decreased 2%, compared to global light vehicle production down 7%Excluding foreign currency translation and acquisitions net of divestitures, sales in each segment outpaced global light vehicle productionReturned $403 million to shareholders through dividends of $119 million and $284 million in share repurchases2019 outlook reduced largely to reflect higher expected costs on… Continue reading Magna Announces First Quarter Results
Author: Magna International Official News
Magna Celebrates Growing Footprint in China With Two Grand Opening Celebrations
Joint venture in Changsha produces lightweight, composite liftgates for fast-growing marketMagna wholly-owned Shanghai plant manufactures active aerodynamic grille shuttersInnovations help lower emissions and improve fuel economy for China customersSHANGHAI, April 30, 2019 (GLOBE NEWSWIRE) — Magna continues to grow its presence in China, as demonstrated by two recent grand opening celebrations.A new plant in Changsha,… Continue reading Magna Celebrates Growing Footprint in China With Two Grand Opening Celebrations
First Quarter 2019 Results Conference Call
AURORA, Ontario, April 24, 2019 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA)INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relationslouis.tonelli@magna.com 905-726-7035 TELECONFERENCE CONTACTNancy Hansford, Executive Assistant, Investor Relationsnancy.hansford@magna.com 905-726-7108 Go to Source
Magna Continues to Expand in Morocco With New Mirrors Facility
Greenfield manufacturing plant being built in Kenitra, Morocco$11.3 million investment, 275 jobsStrategic growth to further support customers in the regionAURORA, Ontario, April 23, 2019 (GLOBE NEWSWIRE) — As the auto industry continues to develop in Morocco, Magna also continues to expand its footprint in the country. The company recently broke ground on construction of a… Continue reading Magna Continues to Expand in Morocco With New Mirrors Facility
Magna Posts 2018 Annual Report
AURORA, Ontario, March 29, 2019 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2018 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company’s website, www.magna.com. Magna has also filed these documents with the… Continue reading Magna Posts 2018 Annual Report
Magna Closes Sale of Fluid Pressure & Controls Business to Hanon Systems
AURORA, Ontario, March 29, 2019 (GLOBE NEWSWIRE) — Magna announced today that it has completed the sale of its Fluid Pressure & Controls (FP&C) business to Hanon Systems, a South Korea-based global supplier of thermal and energy management systems, as previously announced.INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relationslouis.tonelli@magna.com, (+1) 905.726.7035MEDIA CONTACTTracy Fuerst, Global Director of Corporate… Continue reading Magna Closes Sale of Fluid Pressure & Controls Business to Hanon Systems
Magna annonce ses résultats du quatrième trimestre et de 2018, et augmente son dividende trimestriel en espèces de 11 %
Faits marquants du quatrième trimestre 2018Ventes records de 10,1 milliards de dollars au quatrième trimestre, en hausse de 5 % par rapport au quatrième trimestre 2017Flux de trésorerie liés aux opérations de 1,6 milliard de dollarsRestitution de 585 millions de dollars aux actionnaires par le biais de rachats d’actions et de dividendesAugmentation de 11 %… Continue reading Magna annonce ses résultats du quatrième trimestre et de 2018, et augmente son dividende trimestriel en espèces de 11 %
Magna gibt die Ergebnisse des 4. Quartals und Gesamtjahres 2018 bekannt und erhöht die vierteljährliche Bardividende um 11 %
Highlights des 4. Quartals 2018Umsätze in Rekordhöhe von 10,1 Mrd. US-Dollar im 4. Quartal, ein Anstieg von 5 % gegenüber dem 4. Quartal 2017Mittelzuflüsse aus laufender Geschäftstätigkeit von 1,6 Mrd. US-DollarAktionärsrendite von 585 Mio. US-Dollar durch Aktienrückkäufe und DividendenErhöhung der vierteljährlichen Bardividende um 11 % auf 0,365 US-Dollar pro AktieHighlights des Gesamtjahres 2018Umsätze in Rekordhöhe… Continue reading Magna gibt die Ergebnisse des 4. Quartals und Gesamtjahres 2018 bekannt und erhöht die vierteljährliche Bardividende um 11 %
Magna Announces Fourth Quarter and 2018 Results and Raises Quarterly Cash Dividend by 11%
Fourth Quarter 2018 HighlightsRecord fourth quarter sales of $10.1 billion up 5% from the fourth quarter of 2017Cash from operations of $1.6 billionReturned $585 million to shareholders through share repurchases and dividendsRaised quarterly cash dividend by 11% to $0.365 per shareFull Year 2018 HighlightsRecord sales of $40.8 billion, up 12% from 2017Record diluted earnings per… Continue reading Magna Announces Fourth Quarter and 2018 Results and Raises Quarterly Cash Dividend by 11%
Fourth Quarter & Year End 2018 Results Conference Call
AURORA, Ontario, Jan. 30, 2019 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA)INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com, 905-726-7035TELECONFERENCE CONTACTNancy Hansford, Executive Assistant, Investor Relationsnancy.hansford@magna.com, 905-726-7108 Go to Source