Canada: Magna lowers margin forecast for 2011

Magna has reported significant year-on-year falls in its operating and net earnings in the quarter ended 30 September 2011, the results being undermined by US$124m of one-off costs associated with the disposal of a non-strategic interior systems operation in Germany and "the cost of entering into an agreement pertaining to Subscribe to Automotive World to … Continued

• By Webmaster
• November 3, 2011