Canada: Magna reports Q1 net income of US$322m

Magna has reported a significant year-on-year increase in revenue and earnings in the first three months of the current year and has increased its 2011 revenue guidance on the back of an improved vehicle production outlook in North America and Europe. The company is now forecasting total revenue of between US$27.1bn Subscribe to Automotive World … Continued

• By Webmaster
• May 4, 2011