Magna's earnings disappoint as auto production falls

摘要

Aurora, Canada - Magna, the international Tierl automotive supplier, had sales of $39.4bn in 2019, down 3.4% on the previous financial year. The company reports in US dollars. The adjusted EBIT across the business fell by 18.1% to $2.5bn in 2019. This compares with $3.1bn in 2018, a fall of $562m.