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Magna International Inc (MG.TO)

MG.TO on Toronto Stock Exchange

85.23CAD
18 May 2018
Change (% chg)

$0.44 (+0.52%)
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Latest Key Developments (Source: Significant Developments)

Magna And Lyft Announce A Multi-Year Partnership To Develop And Manufacture Self-Driving Systems At Scale
Wednesday, 14 Mar 2018 

March 14 (Reuters) - Magna International Inc ::MAGNA AND LYFT ANNOUNCE A MULTI-YEAR PARTNERSHIP TO DEVELOP AND MANUFACTURE SELF-DRIVING SYSTEMS AT SCALE.MAGNA INTERNATIONAL INC - IN ADDITION TO FUNDING PARTNERSHIP, MAGNA TO INVEST $200 MILLION IN LYFT.  Full Article

Magna Q4 Earnings Per Share $1.53
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - Magna International Inc ::MAGNA ANNOUNCES FOURTH QUARTER AND 2017 RESULTS AND RAISES QUARTERLY CASH DIVIDEND BY 20%.Q4 ADJUSTED EARNINGS PER SHARE $1.57.Q4 EARNINGS PER SHARE $1.53.Q4 SALES ROSE 12 PERCENT TO $10.4 BILLION.Q4 EARNINGS PER SHARE VIEW $1.55, REVENUE VIEW $10.12 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY ‍RECORD SALES OF $10.4 BILLION, UP 12% FROM Q4 OF 2016​.RAISES QUARTERLY CASH DIVIDEND BY 20% TO $0.33 PER SHARE.MAGNA INTERNATIONAL- ‍2018 OUTLOOK REMAINS UNCHANGED EXCEPT THAT EUROPEAN LIGHT VEHICLE PRODUCTION UNITS HAVE INCREASED FROM 22.3 MILLION TO 22.4 MILLION UNITS​.SAYS ‍HAVE MADE PROVISIONAL ESTIMATES AND RECORDED NET $23 MILLION REDUCTION IN INCOME TAX EXPENSE​.  Full Article

Magna Sees 2018 Capital Spending Of About $1.8 Bln
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Magna International Inc ::MAGNA ANNOUNCES OUTLOOK.- SEES 2018 CAPITAL SPENDING OF APPROXIMATELY $1.8 BILLION.- SEES FY 2018 TOTAL SALES $39.3 BILLION- $41.5 BILLION.- SEES TOTAL SALES OF $42.7 BILLION TO $45.7 BILLION IN 2020.- "ACCELERATING" FREE CASH FLOW IN 2018-2020 PERIOD.- EXPECT TO GENERATE OVER $6 BILLION IN FREE CASH FLOW BETWEEN 2018 AND 2020.SEES 2018 ‍NET INCOME ATTRIBUTABLE TO MAGNA OF $2.3 BILLION TO $2.5 BILLION ​.FY2018 REVENUE VIEW $42.13 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Magna International Realigns Management Structure Along Product Lines​
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Magna International Inc ::MAGNA INTERNATIONAL INC - ‍ANNOUNCED A REALIGNMENT OF ITS MANAGEMENT STRUCTURE ALONG PRODUCT LINES​.MAGNA INTERNATIONAL INC - INTRODUCING NEW FINANCIAL REPORTING SEGMENTS BEGINNING IN 2018.  Full Article

Magna announces specific share repurchase programs as part of normal course issuer bid
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Magna International Inc ::Announces specific share repurchase programs as part of normal course issuer bid.  Full Article

‍TSX accepts Magna International's notice of intention to make normal course issuer bid​
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Magna International Inc :‍TSX accepts notice of intention to make normal course issuer bid​.‍Pursuant to notice, co may purchase up to 35.8 million Magna shares, representing approximately 10% of its public float​.  Full Article

Magna reports Q3 earnings per share $1.36
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Magna International Inc :Magna announces third quarter results.Q3 earnings per share $1.36.Q3 sales $9.5 billion versus I/B/E/S view $9.23 billion.Q3 earnings per share view $1.32 -- Thomson Reuters I/B/E/S.Magna International Inc - Expects 2017 ‍capital spending of approximately $1.9 billion​.Sees FY 2017 total sales $38.3 billion - $39.5 billion‍​.  Full Article

Magna forms E-Powertrain joint venture in China
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Magna International Inc : :Magna forms E-Powertrain joint venture in China.Magna International - ‍has entered into a JV agreement with Huayu Automotive Systems Co, a subsidiary of Saic Motor​.Magna International Inc - ‍JV will initially produce an electric-drive powertrain system for a German automaker​.  Full Article

Magna International to build new paint line in Slovenia
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Magna International Inc :Magna to build new paint line in Slovenia to support Graz Vehicle production.Facility in Slovenia expected to begin operations in 2019​.Taking Jaguar E-Pace, Jaguar I-Pace & other programs into account​, co expected to contract manufacture about 200,000 vehicles per year by 2018.  Full Article

Magna joins The BMW Group, Intel, Mobileye for autonomous driving technology
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Magna International Inc::Magna joins The BMW Group, Intel and Mobileye platform as an integrator to bring autonomous driving technology to the market.  Full Article

Japan's Yaskawa to increase its investment in Slovenia

LJUBLJANA, May 14 Japanese electrical equipment producer Yaskawa, which is building an industrial robot factory in Slovenia, has decided to build another factory in the country to produce electrical components, the company said on Monday.