Magna Announces Strong Second Quarter Results; Raises Outlook for 2026
Rhea-AI Summary
Magna (NYSE:MGA) reported second-quarter 2026 sales of $11.0 billion, up 3% year over year, outpacing a 2% decline in global light vehicle production. Adjusted EBIT rose 16% to $677 million, with margin expanding 70 basis points to 6.2%. Diluted EPS were $1.72, while record second-quarter Adjusted EPS increased 29% to $1.86. Free Cash Flow more than doubled to $617 million.
For the first half of 2026, sales grew 3% to $21.4 billion and Adjusted EBIT rose 32% to $1.24 billion, though reported income from operations before income taxes declined 5% due to higher Other expense and amortization. Magna returned $598 million to shareholders in Q2 via dividends and buybacks and repurchased 15.0 million shares year to date. The company raised its 2026 outlook for Adjusted EBIT margin (6.3–6.6%), Adjusted EPS ($6.70–$7.30), and Free Cash Flow ($1.75–$1.85 billion), while modestly trimming sales guidance primarily for foreign exchange and divestiture timing.
Positive
- Q2 2026 sales up 3% to $11.0 billion
- Q2 Adjusted EBIT up 16% to $677 million; margin 6.2%, +70 bps
- Record Q2 Adjusted EPS $1.86, up 29% year over year
- Q2 Free Cash Flow $617 million vs. $301 million prior year
- 2026 Adjusted EPS outlook raised to $6.70–$7.30 from $6.25–$7.25
- Capital returns $598 million to shareholders in Q2; 15.0 million shares repurchased YTD
Negative
- First-half income from operations before income taxes down 5% to $686 million
- First-half net income attributable to Magna down to $457 million from $525 million
- Complete Vehicles sales declined in Q2 and first half vs. 2025
- 2026 total sales outlook reduced to $41.3–$42.5 billion from $41.5–$43.1 billion
News Explained
Reported first-half free cash flow of $989 million includes customer recoveries tied to certain North American electric-vehicle contracts.
Magna has reported second-quarter results for the period ended
The
First-half free cash flow was
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 28 | eDrive program award | Positive | +2.8% | Chery awarded Magna an 800V eDrive program for production at its Wuhu facility. |
| Jun 22 | Earnings webcast notice | Neutral | -2.3% | Magna announced the date and access details for its second-quarter results webcast. |
| May 19 | Monitoring system award | Positive | -0.3% | Magna received a European OEM program award for its driver and occupant monitoring system. |
| May 04 | Annual meeting results | Neutral | +0.9% | Shareholders elected directors and approved auditor and executive compensation resolutions. |
| May 01 | First-quarter results | Positive | -4.5% | Magna reported higher sales and adjusted earnings while maintaining full-year 2026 guidance. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent reactions were mixed: the Q1 results and DMS/OMS award were followed by negative 24-hour moves, while the eDrive award and annual-meeting notice were followed by positive moves.
Key Terms
adjusted ebit financial
adjusted eps financial
free cash flow financial
normal course issuer bid regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Highlights(1)
Delivered strong second-quarter 2026 results, reflecting profitable sales growth, continued productivity improvements and disciplined execution.
- Sales increased
3% to$11.0 billion , outperforming a2% decline in global light vehicle production - Income from operations before income taxes increased
21% to$599 million - Adjusted EBIT increased
16% to$677 million , with Adjusted EBIT margin expanding 70 basis points to6.2% - Diluted earnings per share were
$1.72 ; Adjusted EPS increased29% to$1.86 , a record for the second quarter - Returned
$598 million to shareholders during the quarter through dividends and share repurchases - Raised full year Outlook for Adjusted EBIT margin, Adjusted EPS and Free Cash Flow, with Sales updated to reflect foreign exchange impacts and divestiture timing
AURORA, Ontario, July 31, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2026.
Please click HERE for full second quarter MD&A and Financial Statements.
 | “Our strong second-quarter results reflect solid operating performance, disciplined execution, and further progress against our strategic priorities. Supported by record second-quarter adjusted EPS, strong free cash flow, and confidence in our business and global team, we are raising our 2026 outlook. As we look ahead, we remain focused on delivering profitable growth, expanding margins, generating cash, and returning capital to shareholders, while remaining agile in a dynamic global environment.” - Swamy Kotagiri, Chief Executive Officer |
| THREE MONTHS ENDED JUNE 30, | SIX MONTHS ENDED JUNE 30, | ||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||
| Reported | |||||||||||||
| Sales | $ | 10,980 | $ | 10,631 | $ | 21,361 | $ | 20,700 | |||||
| Income from operations before income taxes | 599 | 496 | 686 | 721 | |||||||||
| Net income attributable to Magna | |||||||||||||
| International Inc. | 469 | 379 | 457 | 525 | |||||||||
| Diluted earnings per share | 1.72 | 1.35 | 1.65 | 1.86 | |||||||||
| Non-GAAP Financial Measures(1) | |||||||||||||
| Adjusted EBIT | $ | 677 | $ | 583 | $ | 1,235 | $ | 937 | |||||
| Adjusted EPS | 1.86 | 1.44 | 3.24 | 2.22 | |||||||||
| Free Cash Flow | 617 | 301 | 989 | (12 | ) | ||||||||
| All results are reported in millions of U.S. dollars, except per share figures, which are in U.S. dollars (1) Adjusted EBIT, Adjusted EPS, and Free Cash Flow are Non-GAAP financial measures that have no standardized meaning under U.S. GAAP, and as a result may not be comparable to the calculation of similar measures by other companies. Further information and a reconciliation of these Non-GAAP financial measures is included in the back of this press release. |
THREE MONTHS ENDED JUNE 30, 2026
We posted sales of
- the launch of new programs during or subsequent to the second quarter of 2025, including complete vehicle programs with value-added contractual arrangements; and
- the net strengthening of foreign currencies against the U.S. dollar, which increased reported U.S. dollar sales by
$172 million .
These factors were partially offset by:
- the end of production of certain programs;
- lower light vehicle production in North America, Europe and China;
- lower engineering revenue, primarily in our Complete Vehicles segment; and
- net customer price concessions as compared to the prior year.
Adjusted EBIT increased
- productivity and efficiency improvements, including the benefit of operational excellence initiatives and prior restructuring actions;
- net transactional foreign exchange gains in the second quarter of 2026, compared to net transactional foreign exchange losses in the second quarter of 2025;
- earnings on higher organic sales; and
- recoveries for tariffs, net of costs incurred.
These factors were partially offset by:
- the net unfavourable impact of commercial items;
- net unfavourable product mix; and
- higher commodity costs, partially offset by higher scrap recoveries.
Income from operations before income taxes was
Net income attributable to Magna International Inc. was
Diluted earnings per share were
In the second quarter of 2026, we generated cash from operations of
(2) Other expense, net is comprised of restructuring activities, loss on assets held for sale, impacts related to Fisker, and gain on investment during the three months ended June 30, 2026 & 2025. A reconciliation of these Non-GAAP financial measures is included in the back of this press release.
SIX MONTHS ENDED JUNE 30, 2026
We posted sales of
- the net strengthening of foreign currencies against the U.S. dollar, which increased reported U.S. dollar sales by
$692 million ; and - the launch of new programs during or subsequent to the first half of 2025, including complete vehicle programs with value-added contractual arrangements.
These factors were partially offset by:
- the end of production of certain programs;
- lower light vehicle production in North America, Europe and China;
- lower complete vehicle assembly volumes with full-cost contractual arrangements;
- lower engineering revenue, primarily in our Complete Vehicles segment; and
- net customer price concessions subsequent to the second half of 2025.
Adjusted EBIT increased
- productivity and efficiency improvements, including the benefit of operational excellence initiatives and prior restructuring actions;
- higher equity income, including favourable commercial items in our Power & Vision segment;
- net transactional foreign exchange gains in the first six months of 2026, compared to net transactional foreign exchange losses in the first six months of 2025;
- earnings on higher organic sales;
- the net strengthening of foreign currencies against the U.S. dollar, which had a favourable impact on reported U.S. dollar Adjusted EBIT; and
- lower warranty costs.
These factors were partially offset by:
- net unfavourable product mix;
- lower income on lower engineering revenue;
- higher incentive and stock-based compensation and employee profit sharing; and
- the net unfavourable impact of commercial items.
During the six months ended June 30, 2026, income from operations before income taxes was
Diluted earnings per share were
During the six months ended June 30, 2026, we generated cash from operations of
RETURN OF CAPITAL TO SHAREHOLDERS AND OTHER MATTERS
During the three and six months ended June 30, 2026, we paid dividends of
Our Board of Directors declared a second quarter dividend of
SEGMENT SUMMARY
| ($Millions) | THREE MONTHS ENDED JUNE 30, | |||||||||||||||||
| Sales | Adjusted EBIT | |||||||||||||||||
| 2026 | 2025 | Change | 2026 | 2025 | Change | |||||||||||||
| Body Exteriors & Structures | $ | 4,421 | $ | 4,253 | $ | 168 | $ | 360 | $ | 347 | $ | 13 | ||||||
| Power & Vision | 4,093 | 3,857 | 236 | 245 | 162 | 83 | ||||||||||||
| Seating Systems | 1,448 | 1,433 | 15 | 51 | 42 | 9 | ||||||||||||
| Complete Vehicles | 1,160 | 1,226 | (66 | ) | 37 | 28 | 9 | |||||||||||
| Corporate and Other | (142 | ) | (138 | ) | (4 | ) | (16 | ) | 4 | (20 | ) | |||||||
| Total Reportable Segments | $ | 10,980 | $ | 10,631 | $ | 349 | $ | 677 | $ | 583 | $ | 94 | ||||||
| THREE MONTHS ENDED JUNE 30, | ||||||||||
| Adjusted EBIT as a percentage of sales | ||||||||||
| 2026 | 2025 | Change | ||||||||
| Body Exteriors & Structures | 8.1 | % | 8.2 | % | (0.1 | )% | ||||
| Power & Vision | 6.0 | % | 4.2 | % | 1.8 | % | ||||
| Seating Systems | 3.5 | % | 2.9 | % | 0.6 | % | ||||
| Complete Vehicles | 3.2 | % | 2.3 | % | 0.9 | % | ||||
| Consolidated Average | 6.2 | % | 5.5 | % | 0.7 | % | ||||
| ($Millions) | SIX MONTHS ENDED JUNE 30, | ||||||||||||||||||
| Sales | Adjusted EBIT | ||||||||||||||||||
| 2026 | 2025 | Change | 2026 | 2025 | Change | ||||||||||||||
| Body Exteriors & Structures | $ | 8,500 | $ | 8,219 | $ | 281 | $ | 634 | $ | 577 | $ | 57 | |||||||
| Power & Vision | 7,974 | 7,503 | 471 | 497 | 286 | 211 | |||||||||||||
| Seating Systems | 2,788 | 2,745 | 43 | 76 | 12 | 64 | |||||||||||||
| Complete Vehicles | 2,384 | 2,502 | (118 | ) | 69 | 72 | (3 | ) | |||||||||||
| Corporate and Other | (285 | ) | (269 | ) | (16 | ) | (41 | ) | (10 | ) | (31 | ) | |||||||
| Total Reportable Segments | $ | 21,361 | $ | 20,700 | $ | 661 | $ | 1,235 | $ | 937 | $ | 298 | |||||||
| SIX MONTHS ENDED JUNE 30, | ||||||||||
| Adjusted EBIT as a percentage of sales | ||||||||||
| 2026 | 2025 | Change | ||||||||
| Body Exteriors & Structures | 7.5 | % | 7.0 | % | 0.5 | % | ||||
| Power & Vision | 6.2 | % | 3.8 | % | 2.4 | % | ||||
| Seating Systems | 2.7 | % | 0.4 | % | 2.3 | % | ||||
| Complete Vehicles | 2.9 | % | 2.9 | % | — | |||||
| Consolidated Average | 5.8 | % | 4.5 | % | 1.3 | % | ||||
For further details on our segment results, please see our Management's Discussion and Analysis of Results of Operations and Financial Position and our Interim Financial Statements.
2026 OUTLOOK
The Company is updating its outlook for Full Year 2026. Compared to our previous Outlook (May 2026), Sales have been updated primarily to reflect unfavourable foreign currency translation resulting from a stronger U.S. dollar and the earlier-than-expected completion of the Lighting and Rooftop Systems divestitures. Magna is increasing its Outlook for Adjusted EBIT Margin, Adjusted EPS, and Free Cash Flow, reflecting strong first-half results and expectations for continued solid execution through the remainder of the year.
Updated 2026 Outlook:
| Current | Previous | |||||
| Segment Sales | ||||||
| Body Exteriors & Structures Power & Vision Seating Systems Complete Vehicles | ||||||
| Total Sales | ||||||
| Adjusted EBIT Margin(3) | ||||||
| Adjusted EPS(4) | ||||||
| Free Cash Flow(5) | ||||||
| Macro Assumptions: | ||||||
| Light Vehicle Production (millions of units) | ||||||
| North America | 15.0 | 14.9 | ||||
| Europe | 16.8 | 16.6 | ||||
| China | 31.2 | 32.0 | ||||
| Average Foreign exchange rates: | ||||||
| 1 Canadian dollar equals | U.S. | U.S. | ||||
| 1 euro equals | U.S. | U.S. | ||||
| Other Key Assumptions: | ||||||
| Capital Spending | ||||||
| Equity Income (included in EBIT) | ||||||
| Interest Expense, net | Approx. | Approx. | ||||
| Income Tax Rate(6) | Approx. | Approx. | ||||
| Weighted average diluted shares outstanding | Approx. 270 million | Approx. 270 million | ||||
| Notes: (3) Adjusted EBIT Margin is the ratio of Adjusted EBIT to Total Sales. Refer to the reconciliation of Non-GAAP financial measures in the back of this press release for further information. (4) Adjusted EPS represents Adjusted Net Income attributable to Magna divided by the Diluted weighted average number of Common Shares outstanding during the period. (5) Refer to the reconciliation of Non-GAAP financial measures in the back of this press release for further information on Free Cash Flow. (6) The Income Tax Rate has been calculated using Adjusted EBIT and is based on current tax legislation. | ||||||
Our full year Outlook for 2026 is provided annually, with quarterly updates, and is intended to provide information about management's current expectations and plans and may not be appropriate for other purposes. Although considered reasonable by Magna as of the date of this document, the 2026 Outlook above and the underlying assumptions may prove to be inaccurate. Accordingly, our actual results could differ materially from our expectations as set forth herein. The risks identified in the “Forward-Looking Statements” section below represent the primary factors which we believe could cause actual results to differ materially from our expectations.
KEY DRIVERS OF OUR BUSINESS
Our business and operating results are dependent on light vehicle production by our customers in three key regions – North America, Europe, and China. While we supply systems and components to many OEMs globally, we do not supply systems and components for every vehicle, nor is the value of our content consistent from one vehicle to the next. As a result, customer and program mix relative to market trends, as well as the value of our content on specific vehicle production programs, are also important drivers of our results.
Ordinarily, OEM production volumes are aligned with vehicle sales levels and thus affected by changes in such levels. Aside from vehicle sales levels, production volumes are typically impacted by a range of factors, including: geopolitical factors, such as military conflicts and tariffs; supply chains, including disruption to supply of and/or increased costs of steel, aluminum, resin, and energy supplies, as well as semiconductor and memory (DRAM) chips; OEM, supplier or sub-supplier disruptions; relative currency values; commodity prices; labour disruptions, as well as the availability and relative cost of skilled labour; regulatory frameworks; and other factors.
Overall vehicle sales levels are significantly affected by changes in consumer confidence levels, which may in turn be impacted by consumer perceptions and general trends related to the job, housing, and stock markets, as well as other macroeconomic and political factors. Other factors which typically impact vehicle sales levels and thus production volumes include: vehicle affordability; interest rates and/or availability of credit; fuel and energy prices; relative currency values; and considerations applicable to EVs, including EV range, charging infrastructure, and electricity pricing.
NON-GAAP FINANCIAL MEASURES RECONCILIATION
In addition to the financial results reported in accordance with U.S. GAAP, this press release contains references to the Non-GAAP financial measures reconciled below. We believe the Non-GAAP financial measures used in this press release are useful to both management and investors in their analysis of the Company’s financial position and results of operations, and to improve comparability between fiscal periods. In particular, management believes that Adjusted EBIT and Adjusted diluted earnings per share are useful measures in assessing the Company’s financial performance by excluding certain items that are not indicative of the Company's core operating performance. Management also believes that Free Cash Flow is a useful measure in assessing the Company’s ability to generate cash to maintain operations and repay its debt. The presentation of Non-GAAP financial measures should not be considered in isolation, or as a substitute for the Company’s related financial results prepared in accordance with U.S. GAAP.
The following table reconciles Net income to Adjusted EBIT:
| Adjusted EBIT | |||||||||||||||||
| THREE MONTHS ENDED JUNE 30, | SIX MONTHS ENDED JUNE 30, | ||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||
| Net income | $ | 479 | $ | 394 | $ | 478 | $ | 547 | |||||||||
| Add: | |||||||||||||||||
| Amortization of acquired intangible assets | 17 | 29 | 36 | 55 | |||||||||||||
| Interest expense, net | 37 | 52 | 74 | 102 | |||||||||||||
| Other expense, net | 24 | 6 | 439 | 59 | |||||||||||||
| Income taxes | 120 | 102 | 208 | 174 | |||||||||||||
| Adjusted EBIT | $ | 677 | $ | 583 | $ | 1,235 | $ | 937 | |||||||||
| Adjusted EBIT as a percentage of sales (“Adjusted EBIT margin”) | |||||||||||||||||
| THREE MONTHS ENDED JUNE 30, | SIX MONTHS ENDED JUNE 30, | ||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||
| Sales | $ | 10,980 | $ | 10,631 | $ | 21,361 | $ | 20,700 | |||||||||
| Adjusted EBIT | $ | 677 | $ | 583 | $ | 1,235 | $ | 937 | |||||||||
| Adjusted EBIT as a percentage of sales | 6.2 | % | 5.5 | % | 5.8 | % | 4.5 | % | |||||||||
NON-GAAP FINANCIAL MEASURES RECONCILIATION (CONTINUED)
| Adjusted EPS | |||||||||||||||||
| THREE MONTHS ENDED JUNE 30, | SIX MONTHS ENDED JUNE 30, | ||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||
| Net income attributable to Magna International Inc. | $ | 469 | $ | 379 | $ | 457 | $ | 525 | |||||||||
| Add (deduct): | |||||||||||||||||
| Amortization of acquired intangible assets | 17 | 29 | 36 | 55 | |||||||||||||
| Tax effect on Amortization of acquired intangible assets | (1 | ) | (5 | ) | (3 | ) | (10 | ) | |||||||||
| Other expense, net | 24 | 6 | 439 | 59 | |||||||||||||
| Tax effect on Other expense, net | (1 | ) | (2 | ) | (35 | ) | (3 | ) | |||||||||
| Adjusted net income attributable to Magna International Inc. | $ | 508 | $ | 407 | $ | 894 | $ | 626 | |||||||||
| Diluted weighted average number of Common Shares | |||||||||||||||||
| outstanding during the period (millions): | 273.2 | 281.7 | 276.3 | 281.9 | |||||||||||||
| Adjusted EPS | $ | 1.86 | $ | 1.44 | $ | 3.24 | $ | 2.22 | |||||||||
The following table reconciles Cash provided from operating activities to Free Cash Flow:
| Free Cash Flow | |||||||||||||||||
| THREE MONTHS ENDED JUNE 30, | SIX MONTHS ENDED JUNE 30, | ||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||
| Cash provided from operating activities | $ | 954 | $ | 627 | $ | 1,631 | $ | 704 | |||||||||
| Add (deduct): | |||||||||||||||||
| Fixed asset additions | (269 | ) | (246 | ) | (488 | ) | (514 | ) | |||||||||
| Increase in investment, other assets, and intangible assets | (77 | ) | (94 | ) | (245 | ) | (242 | ) | |||||||||
| Proceeds from disposition | 9 | 14 | 91 | 40 | |||||||||||||
| Free Cash Flow | $ | 617 | $ | 301 | $ | 989 | $ | (12 | ) | ||||||||
Certain of the forward-looking financial measures above are provided on a Non-GAAP basis. We do not provide a reconciliation of such forward-looking measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP. To do so would be potentially misleading and not practical given the difficulty of projecting items that are not reflective of ongoing operations in any future period. The magnitude of these items, however, may be significant.
This press release, together with our Management’s Discussion and Analysis of Results of Operations and Financial Position and our Interim Financial Statements, are available in the Investor Relations section of our website at www.magna.com/company/investors and filed electronically through the System for Electronic Document Analysis and Retrieval + (SEDAR+) which can be accessed at www.sedarplus.ca as well as on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR), which can be accessed at www.sec.gov.
We will hold a conference call for interested analysts and shareholders to discuss our second quarter ended June 30, 2026 results on Friday, July 31, 2026 at 8:00 a.m. ET. The conference call will be chaired by Swamy Kotagiri, Chief Executive Officer. The number to use for this call from North America is 1-800-715-9871. International callers should use 1-646-307-1963. Please call in at least 10 minutes prior to the call start time. We will also webcast the conference call at www.magna.com. The slide presentation accompanying the conference call as well as our financial review summary will be available on our website Friday prior to the call.
INVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relations
louis.tonelli@magna.com │ 905.726.7035
MEDIA CONTACT
Tracy Fuerst, Vice-President, Corporate Communications & Media Relations
tracy.fuerst@magna.com │ 248.761.7004
TELECONFERENCE CONTACT
Nancy Hansford, Executive Assistant, Investor Relations
nancy.hansford@magna.com │ 905.726.7108
ABOUT MAGNA
Magna is one of the world’s largest automotive suppliers and a trusted partner to automakers in the industry’s most critical markets – North America, Europe, and China. With operations in 28 countries, we combine global scale with trusted reliability and proven execution. Backed by nearly seven decades of experience, we bring together deep manufacturing expertise with innovative vehicle systems to deliver performance, safety, and quality.
For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on social.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements"). Any such forward-looking statements are intended to provide information about management's current expectations and plans and may not be appropriate for other purposes. Forward-looking statements may include financial and other projections, as well as statements regarding our future plans, strategic objectives or economic performance, or the assumptions underlying any of the foregoing, and other statements that are not recitations of historical fact. We use words such as "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "assume", "believe", "intend", "plan", "aim", "forecast", "outlook", "project", "potential", "estimate", "target" and similar expressions suggesting future outcomes or events to identify forward-looking statements. The following table identifies the material forward-looking statements contained in this document, together with the material potential risks that we currently believe could cause actual results to differ materially from such forward-looking statements. Readers should also consider all of the risk factors which follow below the table:
| Material Forward-Looking Statement | Material Potential Risks Related to Applicable Forward-Looking Statement |
| Light Vehicle Production |
|
| Total Sales Segment Sales |
|
| Adjusted EBIT Margin Adjusted Diluted EPS Free Cash Flow |
|
| Equity Income |
|
| Share Repurchases Weighted Average Diluted Shares Outstanding |
|
Forward-looking statements are based on information currently available to us and are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. While we believe we have a reasonable basis for making any such forward-looking statements, they are not a guarantee of future performance or outcomes. In addition to the factors in the table above, whether actual results and developments conform to our expectations and predictions is subject to a number of risks, assumptions, and uncertainties, many of which are beyond our control, and the effects of which can be difficult to predict, including, without limitation:
Macroeconomic, Geopolitical and Other Risks
Risks Related to the Automotive Industry
Strategic Risks
Customer-Related Risks
Supply Chain Risks
Manufacturing/Operational Risks
| Pricing Risks
Warranty/Recall Risks
IT Security/Cybersecurity Risks
Merger and Acquisition Risks
Other Business Risks
Legal, Regulatory and Other Risks
|
In evaluating forward-looking statements or forward-looking information, we caution readers not to place undue reliance on any forward-looking statement. Additionally, readers should specifically consider the various factors which could cause actual events or results to differ materially from those indicated by such forward-looking statements, including the risks, assumptions and uncertainties above which are:
- discussed under the “Industry Trends and Risks” heading of our Management’s Discussion and Analysis; and
- set out in our Annual Information Form filed with securities commissions in Canada, our annual report on Form 40-F filed with the United States Securities and Exchange Commission, and subsequent filings.
Readers should also consider discussion of our risk mitigation activities with respect to certain risk factors, which can be also found in our Annual Information Form. Additional information about Magna, including our Annual Information Form, is available through the System for Electronic Data Analysis and Retrieval + (SEDAR+) at www.sedarplus.ca, as well as on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR), which can be accessed at www.sec.gov.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/93181fb8-f6b5-4931-b5a4-d623b0eee5e7
