Magna cautions on need for future restructuring actions in Europe [updated: adds comments]

Outlining a generally positive set of financial results in Q3, Magna has nonetheless expressed caution about trends in Europe and warned that operational restructuring may be required, the impact possibly being felt as early as Q4 2012. Although a majority (around 70%) of the Canadian supplier’s sales in Europe are to German Subscribe to Automotive World … Continued

• By Megan Lampinen
• November 8, 2012