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.

Earnings data Q4 2020

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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.

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

Q3-2021 Results Conference Call

QUALCOMM

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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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.

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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

Magna International Inc (NYSE: MGA) reported second-quarter FY21 sales growth of 110% year-on-year, to $9.03 billion, missing the analyst consensus of $9.37 billion. Global light vehicle production growth of 58%, primarily driven by increases in North America and Europe, led to the Q2 sales growth.

Magna Shares Slide On Q2 Earnings Miss As Chip Shortage Bites; Cuts FY21 Outlook

AURORA, Ontario, Aug. 06, 2021 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2021.

Magna Announces Second Quarter 2021 Results

The race to buy automotive chipmaker Veoneer Inc. (NYSE: VNE) is heating up following the entry of QUALCOMM, Inc. (NASDAQ: QCOM) into the fray. 2-Way Race For Veoneer: Qualcomm, a manufacturer of wireless chips for smartphones, announced Thursday it has placed a bid to buy Veoneer for $27 per share in cash.

Qualcomm Vs. Magna For Automotive Chipmaker Veoneer: Potential Bidding War?

Magna International (NYSE:MGA) announces its next round of earnings this Friday, August 06. Here is Benzinga's look at Magna International's Q2 earnings report.

Magna International Earnings Preview

If you can't take the volatility of Fisker and FSR stock, Magna International makes a lot of sense if you're looking to bet on Henrik Fisker.  The post Fisker Stock May Be Tapped out for Now, but Take a Look at Magna appeared first on InvestorPlace.

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Magna (MGA) closed at $84.35 in the latest trading session, marking a +0.62% move from the prior day.

Magna (MGA) Gains As Market Dips: What You Should Know

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New Company to Fuse Magna's and LG's Electric Powertrain Strengths to Accelerate E-Drive Component Development New Company to Fuse Magna's and LG's Electric Powertrain Strengths to Accelerate E-Drive Component Development

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In the latest trading session, Magna (MGA) closed at $81.03, marking a -0.86% move from the previous day.

Magna (MGA) Dips More Than Broader Markets: What You Should Know

News for Magna International Stock (MGA)