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
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