(Reuters) – Canada’s auto parts maker Magna International Inc (MG.TO) on Friday said a labor strike at General Motors Co (GM.N), its biggest customer, will potentially reduce full-year sales by about $500 million.
The strike will also hit consolidated margins by about 30 basis points, Magna said on a post-earnings conference call.
Reporting by Ankit Ajmera in Bengaluru; Editing by Sriraj Kalluvila
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