Magna International recently raised its earnings guidance for 2025 to forecast higher sales, and reported strong Q1 2025 earnings with a net income surge from $9 million to $146 million, significantly boosting investor confidence. The company also continued its share repurchase initiative, buying back 1.3 million shares. Despite a 9% decline in sales, these positive… Continue reading Magna International (TSX:MG) Reports Surge In Q1 2025 Net Income To US$146 Million
Tag: Magna
Milbank Grows Corporate Finance and Securities and Latin America Practices with Addition of Adam Brenneman
NEW YORK, May 12, 2025 /PRNewswire/ — Milbank LLP is pleased to announce that Adam Brenneman has joined its New York office as a partner in the firm’s Corporate Finance and Securities Group. “We are excited to welcome Adam to the firm,” said Milbank Chairman Scott A. Edelman. “Adam is a versatile and technically excellent lawyer,… Continue reading Milbank Grows Corporate Finance and Securities and Latin America Practices with Addition of Adam Brenneman
Magna International Inc. (TSE:MG) Stock Goes Ex-Dividend In Just Four Days
Some investors rely on dividends for growing their wealth, and if you’re one of those dividend sleuths, you might be intrigued to know that Magna International Inc. (TSE:MG) is about to go ex-dividend in just four days. The ex-dividend date is commonly two business days before the record date, which is the cut-off date for… Continue reading Magna International Inc. (TSE:MG) Stock Goes Ex-Dividend In Just Four Days
Magna Announces 2025 Annual & Special Meeting Results
AURORA, Ontario, May 08, 2025 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2025 annual and special meeting of shareholders held on May 8, 2025. A total of 221,621,186 Common Shares or 78.66% of our issued and outstanding Common Shares were represented in person or by proxy… Continue reading Magna Announces 2025 Annual & Special Meeting Results
Magna Announces 2025 Annual & Special Meeting Results
Magna International Inc. AURORA, Ontario, May 08, 2025 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2025 annual and special meeting of shareholders held on May 8, 2025. A total of 221,621,186 Common Shares or 78.66% of our issued and outstanding Common Shares were represented in person… Continue reading Magna Announces 2025 Annual & Special Meeting Results
Here’s Why You Should Offload BorgWarner Stock From Your Portfolio
BorgWarner Inc. BWA, a global leader in clean and efficient technology solutions required for combustion, hybrid and electric vehicles, is facing headwinds from higher tariffs and rising SG&A expenses. Let’s see why you should offload this Zacks Rank #4 (Sell) stock from your portfolio. The company has slashed guidance for adjusted operating margin due to… Continue reading Here’s Why You Should Offload BorgWarner Stock From Your Portfolio
Magna Announces 2025 Annual & Special Meeting Results
AURORA, Ontario, May 08, 2025 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2025 annual and special meeting of shareholders held on May 8, 2025. A total of 221,621,186 Common Shares or 78.66% of our issued and outstanding Common Shares were represented in person or by proxy… Continue reading Magna Announces 2025 Annual & Special Meeting Results
Milbank Expands Tax Renewables Practice with Addition of John Green in DC
WASHINGTON, May 7, 2025 /PRNewswire/ — Milbank LLP is pleased to announce that John G. Green has joined its Washington, DC office as a partner in the firm’s Global Project, Energy and Infrastructure Finance Group. “We’re excited to welcome John to Milbank,” said Milbank Chairman Scott A. Edelman. “His depth and breadth of experience, especially his… Continue reading Milbank Expands Tax Renewables Practice with Addition of John Green in DC
More than 2000 Jaguar I-Pace EVs to become autonomous taxis
More than 2000 Jaguar I-Pace electric cars are set to be converted into autonomous taxis at a new factory in the US. The EVs will be converted in Arizona by manufacturer Magna as part of a push by Alphabet-owned autonomous vehicle firm Waymo to expand its services. Already completing more than 250,000 autonomous taxi trips each week in Austin, Los… Continue reading More than 2000 Jaguar I-Pace EVs to become autonomous taxis
Magna price target raised to $38 from $33 at CIBC
CIBC analyst Krista Friesen raised the firm’s price target on Magna (MGA) to $38 from $33 and keeps a Neutral rating on the shares. Magna’s “disappointing” Q1 results and guidance update suggest that the company is contending with more than just tariff issues, including challenges such as an elevated leverage ratio and growing slower than… Continue reading Magna price target raised to $38 from $33 at CIBC