The Latest Breaking News from MGA

Magna International Inc (NYSE:MGA) (TSX:MG) has opened a new plant in Kechnec, Slovakia, to expand its ADAS (Advanced Driver Assistance System) and electrification footprint. The brownfield facility will support two European automakers and a new global entrant. The facility is anticipated to begin operation in the fourth quarter of 2022 and will have an area…

LG Magna e-Powertrain, a joint venture (JV) between LG Electronics and Magna International Inc (NYSE:MGA), marked the groundbreaking of its new plant in Ramos Arizpe, Mexico. General Motors Co (NYSE:GM) is the foundational customer for the new facility.  The new facility will produce inverters, motors, and on-board chargers to support General Motors' electric vehicle (EV) production. The 260,000…

Magna International Inc (NYSE:MGA) reported a fourth-quarter FY21 sales decline of 14% year-on-year, to $9.11 billion, missing the analyst consensus of $9.31 billion. Global light vehicle production declined 17%, primarily driven by the semiconductor chip shortages the industry has faced throughout 2021. Body Exteriors & Structures segment sales decreased 18% Y/Y, Power &…

  Magna International (NYSE:MGA) reported its Q4 earnings results on Friday, February 11, 2022 at 05:00 AM. Here's what investors need to know about the announcement.

Magna International (NYSE:MGA) is set to give its latest quarterly earnings report on Friday, 2022-02-11. Here's what investors need to know before the announcement. Analysts estimate that Magna International will likely report an Earnings Per Share (EPS) of $1.59.

  Shares of Magna International (NYSE:MGA) decreased by 8.06% in the past three months. Before we understand the importance of debt, let us look at how much debt Magna International has.