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Magna International Inc(MG-T)
TSX

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the globe and mail
the globe and mail

Magna reports first-quarter profit down from year ago, takes charge related to Fisker

Magna, which keeps its books in U.S. dollars, says it earned US$9-million or three cents U.S per diluted share for the quarter ended March 31
Automated Summaries - The Globe and Mail
Closing Bell: Magna International Inc up on Thursday (MG)
The Globe and Mail
Are consumer discretionary stocks a buy?

Profile

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2023, 48% of Magna's $42.8 billion of revenue came from North America while Europe accounted for approximately 38% and Asia the remainder. The firm's top six customers constituted 76% of revenue with the top three being GM, Mercedes, and BMW. GM was the largest contributor at 14%.

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