Canada: Magna sees revenue jump 54% in Q1

Magna has reported revenue of US$5,512m in Q1 2010, a rise of 54.2% from the depressed US$3,574m recorded in Q 2009, reflecting significantly higher vehicle production rates, gains in per vehicle content levels and an increase in complete vehicle assembly sales. Total external production revenue in North America amounted to US$2,743m It’s time to log … Continued

• By Webmaster
• May 6, 2010