Canada: Magna targets 2010 revenue of US$19bn-20bn

Magna posted revenue of US$17,367m in 2008, down 26.7% from US$23,704m in 2008, resulting in an EBIT loss of US$504m, a US$770m reversal from positive earnings of US$266m seen in the previous year. The 2009 net loss was US$493m versus a profit of US$71m in 2008. Despite an improvement in Subscribe to Automotive World to … Continued

• By Webmaster
• February 25, 2010