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Magna International Inc (MG.TO)

MG.TO on Toronto Stock Exchange

75.91CAD
18 Apr 2019
Change (% chg)

$1.41 (+1.89%)
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Volume
1,066,592
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Latest Key Developments (Source: Significant Developments)

Magna International Says Tariffs Continue To Hurt Us, With Steel And Aluminium Tariffs Mainly Hurting U.S. Plants Right Now- Conf Call
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Magna International Inc ::IN NORTH AMERICA VOLUMES, WE SEE ABOUT 1% DOWN IN H1 2019, ABOUT 1% UP IN H2 2019 AND FLAT FOR THE YEAR - CONF CALL.EXPECTS VOLUMES IN CHINA TO BE FLAT YEAR-OVER-YEAR IN 2019 - CONF CALL.TARIFFS CONTINUE TO HURT US, WITH STEEL AND ALUMINIUM TARIFFS MAINLY HURTING U.S. PLANTS RIGHT NOW- CONF CALL.  Full Article

Magna To Build The Toyota GR Supra
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Magna International Inc ::MAGNA TO BUILD THE TOYOTA GR SUPRA.MAGNA INTERNATIONAL - TOYOTA GR SUPRA IS EXPECTED TO BEGIN PRODUCTION IN EARLY 2019.  Full Article

Magna Announces Outlook
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Magna International Inc ::MAGNA ANNOUNCES OUTLOOK.FREE CASH FLOW IS EXPECTED TO INCREASE TO A CUMULATIVE TOTAL OF MORE THAN $6.5 BILLION IN 2019-2021 TIMEFRAME.FOR 2019, SALES ARE EXPECTED TO BE NEGATIVELY IMPACTED BY ANNOUNCED DISPOSITION OF FLUID PRESSURE & CONTROLS BUSINES.FOR 2019 SEES CAPITAL SPENDING ABOUT $1.7 BILLION.OUTLOOK ANTICIPATES A SLIGHT DECLINE IN OUR EBIT MARGIN IN 2019.OUTLOOK TO 2021 ANTICIPATES CONTINUED GROWTH IN TOTAL SALES AND IMPROVEMENT IN OUR EBIT MARGIN COMPARED TO 2018.SEES 2019 TOTAL SALES $40.2 - $42.4 BILLION.FOR 2019 SEES NET INCOME ATTRIBUTABLE TO MAGNA $2.1 BILLION - $2.3 BILLION.OUTLOOK REFLECTS DIVESTITURE OF FLUID PRESSURE & CONTROLS BUSINESS, WHICH IS EXPECTED TO OCCUR AT THE END OF Q1 2019.NORTH AMERICAN BUSINESS REFLECTS NEGATIVE IMPACT OF RECENTLY ANNOUNCED GENERAL MOTORS ASSEMBLY PLANT ACTIONS.SEES 2021 TOTAL SALES $42.4 BILLION TO $45.4 BILLION.SEES IN 2021 EUROPE LIGHT VEHICLE PRODUCTION 22.9 MILLION UNITS.  Full Article

Magna Acquires Viza Geca To Bolster Its Seating Capabilities
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - Magna International Inc ::MAGNA ACQUIRES VIZA GECA TO BOLSTER ITS SEATING CAPABILITIES.MAGNA TO ADD FOUR FACILITIES AND MORE THAN 1,100 EMPLOYEES.SIGNED AN AGREEMENT TO ACQUIRE VIZA GECA SL OF SPAIN, WHICH OPERATES FOUR PRODUCTION FACILITIES.  Full Article

Magna International Says Not Changing Expectations For China - Conf Call
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Magna International Inc ::SAYS NOT CHANGING EXPECTATIONS FOR CHINA - CONF CALL.SAYS HOPING BY THE END OF THE YEAR TARIFFS BETWEEN U.S. AND CANADA GO AWAY - CONF CALL.EXPECTS CHINA VOLUMES TO BE DOWN 6 PERCENT IN Q4 - CONF CALL.  Full Article

Magna International Inc Says Made A Minority Equity Investment In Rohinni
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - Magna International Inc ::MAGNA INTERNATIONAL - MADE A MINORITY EQUITY INVESTMENT IN ROHINNI.MAGNA INTERNATIONAL INC - MAGNA AND ROHINNI FORM JV.  Full Article

Granite To Acquire German Logistics Property And Sell Aurora, Ontario Office Properties
Tuesday, 3 Jul 2018 

July 3 (Reuters) - Granite Real Estate Investment Trust ::GRANITE TO ACQUIRE GERMAN LOGISTICS PROPERTY AND SELL AURORA, ONTARIO OFFICE PROPERTIES.GRANITE REAL ESTATE INVESTMENT TRUST - DEAL FOR PURCHASE PRICE OF EURO 53.9 MILLION.GRANITE REAL ESTATE INVESTMENT TRUST - TRANSACTION WILL BE IMMEDIATELY ACCRETIVE TO FUNDS FROM OPERATIONS AND ADJUSTED FUNDS FROM OPERATIONS.GRANITE REAL ESTATE INVESTMENT TRUST - TRANSACTION WILL BE FUNDED FROM A COMBINATION OF CASH ON HAND AND GRANITE'S CREDIT FACILITY.GRANITE REIT- RECENTLY ENTERED AGREEMENT TO SELL OFFICE PROPERTIES IN AURORA, ONTARIO THAT SERVE AS CORPORATE HEADQUARTERS FOR MAGNA INTERNATIONAL INC.GRANITE REAL ESTATE INVESTMENT TRUST - SALE OF OFFICE PROPERTIES WILL GENERATE TOTAL GROSS PROCEEDS OF $60 MILLION.GRANITE REAL ESTATE INVESTMENT TRUST - SALE OF OFFICE PROPERTIES WILL BE ACCRETIVE TO GRANITE'S NET ASSET VALUE.  Full Article

Magna To Acquire Olsa for About EUR 230 Mln
Thursday, 28 Jun 2018 

June 28 (Reuters) - Magna International Inc ::MAGNA TO ACQUIRE OLSA AND EXPAND LIGHTING BUSINESS.MAGNA TO ACQUIRE OLSA AND EXPAND LIGHTING BUSINESS.MAGNA INTERNATIONAL INC - TRANSACTION VALUE ON A CASH- AND DEBT-FREE BASIS IS APPROXIMATELY EUR 230 MILLION.MAGNA INTERNATIONAL INC - TRANSACTION VALUE ON A CASH- AND DEBT-FREE BASIS IS APPROXIMATELY EUR 230 MILLION.  Full Article

Magna International Reports Q1 Adjusted Earnings Per Share Of $1.84
Thursday, 10 May 2018 

May 10 (Reuters) - Magna International Inc ::MAGNA ANNOUNCES RECORD FIRST QUARTER RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $1.84.Q1 EARNINGS PER SHARE $1.83.Q1 SALES $10.79 BILLION VERSUS I/B/E/S VIEW $10 BILLION.Q1 EARNINGS PER SHARE VIEW $1.70 -- THOMSON REUTERS I/B/E/S.INCREASED FULL YEAR OUTLOOK FOR SALES AND NET INCOME ATTRIBUTABLE TO MAGNA.SEES 2018 TOTAL SALES $40.9 BILLION - $43.1 BILLION.SEES 2018 CAPITAL SPENDING APPROXIMATELY $1.8 BILLION.SEES 2018 NET INCOME ATTRIBUTABLE TO MAGNA $2.4 - $2.6 BILLION.FY2018 EARNINGS PER SHARE VIEW $6.75, REVENUE VIEW $40.63 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Magna Says Magna, Innoviz Technologies To Supply BMW Group With LiDAR
Thursday, 26 Apr 2018 

April 26 (Reuters) - Bayerische Motoren Werke AG ::MAGNA SAYS MAGNA, INNOVIZ TECHNOLOGIES TO SUPPLY BMW GROUP WITH LIDAR FOR UPCOMING AUTONOMOUS VEHICLE PRODUCTION PLATFORMS.  Full Article

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Innoviz, Ouster raise millions for self-driving lidar sensors

Self-driving technology continues to attract robust investment, as two tech startups, one in San Francisco and one near Tel Aviv, said this week they have raised nearly $200 million to support development and production of lidar sensors for automated vehicles.