Welcome to our dedicated page for Magna Intern news (Ticker: MGA), a resource for investors and traders seeking the latest updates and insights on Magna Intern stock.
Magna International (MGA) is a global leader in automotive and mobility technology solutions, providing advanced engineering and manufacturing expertise to major automotive brands worldwide. This page serves as the definitive source for verified company news, offering investors and industry professionals direct access to Magna's latest developments.
Our continuously updated repository features official press releases, earnings reports, and strategic announcements. Users will find detailed information on product innovations, manufacturing expansions, and technology partnerships that demonstrate Magna's leadership in areas like electric vehicle systems, robotics integration, and smart mobility solutions.
The curated news collection includes updates across key business priorities: quarterly financial results, new contract awards, R&D breakthroughs in automotive components, and collaborations shaping the future of transportation. Each entry provides factual context to help stakeholders understand MGA's market position and operational trajectory.
Bookmark this page to stay informed about Magna International's evolving role in the automotive supply chain through reliable, up-to-date information directly from corporate sources. Check back regularly for new developments impacting the company's global operations and technological advancements.
Magna International Inc. announced the results of its 2024 annual meeting, where all 12 nominees were re-elected to the Board, Deloitte was reappointed as the independent auditor, and the 'Say on Pay' resolution was approved. The Board also confirmed key positions. Magna is a global mobility technology company with a vast workforce and decades of expertise.
Magna International Inc. (TSX: MG; NYSE: MGA) reported first quarter 2024 results with sales up 3% to $11.0 billion, diluted earnings per share at $0.03, and adjusted diluted earnings per share at $1.08. The company recorded asset impairments and restructuring costs related to Fisker, paid dividends of $134 million, and maintained its 2024 Adjusted EBIT Margin Outlook range of 5.4%-6.0%.
Magna has won the 2024 Automotive News PACE Award and received multiple PACEpilot Innovation to Watch recognitions. The company's Integrated Driver & Occupant Monitoring System, EcoSphere 100% Melt-Recyclable Foam and Trim, and Modular & Scalable Active Grille Shutter Assembly were recognized for their innovation and sustainability. Magna was the only company to receive both a PACE Award and multiple PACEpilot Awards.
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