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
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 continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Subscribe
Already a member?
https://www.automotiveworld.com/articles/80992-canada-magna-targets-2010-revenue-of-us-19bn-20bn/
Join our LinkedIn Group
Let us help you understand the future of mobility