Magna International

Magna International, Inc. is a mobility technology company, which engages in the design, engineering, and manufacturing of automotive supplies. It operates through the following segments: Body Exteriors and Structures, Power and Vision, Seating Systems, and Complete Vehicles. The Body Exteriors and Structures segment includes body and chassis systems, exterior systems, and roof systems operations. The Power and Vision segment comprises of global powertrain systems, electronics systems, mirrors, lighting, and mechatronics operations. The Seating Systems segment deals with global seating systems operations. The Complete Vehicles segment focuses on vehicle engineering and manufacturing operations. The company was founded by Frank Stronach in 1957 and is headquartered in Aurora, Canada.

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Magna International, Inc. is a mobility technology company, which engages in the design, engineering, and manufacturing of automotive supplies. It operates through the following segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment includes body and chassis systems, exterior systems, and roof systems operations. The Power & Vision segment comprises of global powertrain systems, electronics systems, mirrors, lighting, and mechatronics operations. The Seating Systems segment deals with global seating systems operations. The Complete Vehicles segment focuses on vehicle engineering and manufacturing operations. The company was founded by Frank Stronach in 1957 and is headquartered in Aurora, Canada.

Magna International Inc. (MGA) CEO Swamy Kotagiri on Q3 2021 Results - Earnings Call Transcript

Magna (MGA) delivered earnings and revenue surprises of -25.33% and 0.90%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Magna (MGA) Q3 Earnings Lag Estimates

AURORA, Ontario, Nov. 05, 2021 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the third quarter ended September 30, 2021.

Magna Announces Third Quarter 2021 Results

AURORA, Ontario, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Automakers are increasingly distinguishing themselves through styling and Magna's FreeForm™ seating technology is just the answer. Launching on four new vehicles, one later this year and three in 2022, the distinctive seat trim technology provides a clean, sculpted and seamless styling surface and allows a number of design possibilities.

Magna Secures Additional Business For Freeform™ Seat Trim Technology

Declining revenues across all segments and rising costs are likely to have dented Magna's (MGA) Q3 performance.

Key Factors to Note Ahead of Magna's (MGA) Q3 Earnings

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We had a neutral outlook coming into Q3-2021 on Magna International.

Magna Disappoints: Team Transitory Takes Another Black Eye

Canadian auto parts maker Magna International Inc cut its full-year sales outlook on Wednesday, expecting a fall in global light vehicle production due to chip shortages and supply chain disruptions.

Auto parts maker Magna cuts sales outlook on chip crunch, supply chain woes

AURORA, Ontario, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has updated its 2021 outlook to reflect declines in anticipated 2021 light vehicle production, including 7% and 9% in North America and Europe, respectively, in each case relative to expected light vehicle production levels disclosed in our press release dated August 6, 2021. The lower expected light vehicle production is mainly due to the impacts of ongoing semiconductor chip shortages and the COVID-19 pandemic on the global automotive supply chain.

Magna Updates 2021 Outlook

AURORA, Ontario, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)

Q3-2021 Results Conference Call

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Veoneer Inc

Qualcomm scored the purchase of Swedish automotive tech company Veoneer, nudging out Magna International with a higher bid. Qualcomm and investment group SSW Partners said Monday they would acquire Veoneer for $37 per share in an all-cash transaction.

Qualcomm acquires Veoneer for $4.5 billion, canceling its agreement with Magna

AURORA, Ontario, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that the board of directors of Veoneer, Inc. has determined that the previously announced proposal by Qualcomm Incorporated to acquire Veoneer for $37 per share is a superior proposal under the terms of the previously announced merger agreement between Magna and Veoneer, and that Magna has waived the four-day matching period to make a counterproposal. Accordingly, Veoneer has terminated its merger agreement with Magna and entered into a merger agreement with Qualcomm.

Magna Announces Termination of Merger Agreement With Veoneer

AURORA, Ontario, Sept. 20, 2021 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) and Veoneer, Inc. today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, or HSR Act, in connection with the previously announced acquisition of Veoneer by Magna.

Magna And Veoneer Announce Expiration Of Hart-Scott-Rodino Waiting Period

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Qualcomm Inc (NASDAQ:QCOM) has made a bid to acquire automotive technology company Veoneer Inc (NYSE:VNE) for over $4 billion, beating Magna International Inc's (NYSE:MGA), Bloomberg reports. Magna offered $31.25-a-share for Veoneer in July.

Veoneer Shares Pop As Qualcomm Beats Magna's Takeover Offer: Bloomberg

STOCKHOLM, Sept. 9, 2021 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE) and (SSE: VNE SDB), today announced that it has filed a definitive proxy statement with the Securities and Exchange Commission (the "SEC") ahead of a Special Meeting of Veoneer stockholders.

Veoneer Files Definitive Proxy in connection with Magna Merger Agreement

SAILAUF, Germany, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Magna's commitment to delivering innovative products and systems that also create a better world for tomorrow will be on full display at the IAA 2021 Mobility Show. The show, in its new home in Munich, provides the ideal forum for sharing the company's product portfolio, new innovations and future vision. Attendees of the show can visit Magna in Hall B3, Booth C60 to learn more about what sets the company apart from others in the industry.

IAA Mobility 2021 Munich: Magna to Present Future Ready Portfolio

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Stay invested in auto equipment suppliers including Meritor (MTOR), BorgWarner (BWA) and Magna (MGA) to reap long-term rewards from transition into EVs.

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AURORA, Ontario, Aug. 18, 2021 (GLOBE NEWSWIRE) -- Magna is reimagining the face and functionality of electric vehicle front ends with its new Mezzo Panel technology. The fully integrated Mezzo Panel offers a fresh canvas for designers and an opportunity for engineers to seamlessly integrate advanced driver assistance system (ADAS) capabilities like radar, cameras and lighting.

Magna Mezzo™ Panel Modernizing the Face of Electric Vehicles

Magna (MGA) downwardly revises 2021 outlook amid chip crunch. It now expects revenues in the band of $38-$39.5 billion, down from the previous view of $40.2-$41.8 billion.

Magna (MGA) Q2 Earnings & Sales Miss Mark, Trims '21 View

The auto parts giant cut its full-year sales and earnings guidance. GM needed an aspirin on Wednesday when it delivered a less-rosy outlook.

Auto Earnings Are Feeling the Pain of the Chip Shortage. Today, It's Magna.

Magna International Inc. (MGA) CEO Swamy Kotagiri on Q2 2021 Results - Earnings Call Transcript

Magna (MGA) delivered earnings and revenue surprises of -2.78% and -0.53%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Magna (MGA) Lags Q2 Earnings and Revenue Estimates

News for Magna International Stock (MGA)