Magna Accelerates Hybrid Innovation With First Dedicated Drive System Award Dedicated hybrid drive system brings high performance and sustainability to leading Chinese OEMNew 800V solution ensures a smooth and comfortable experience in all driving conditionsScalable DHD Duo design integrates seamlessly across various vehicle models, enhancing energy efficiency and driving versatility AURORA, Ontario, Nov. 19, 2024 (GLOBE NEWSWIRE) -- As OEMs increasingly prioritize hybrid solutions globally within their broader electrification strategies, Magna has secured its first award for a ...
Magna Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan AURORA, Ontario, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG, NYSE: MGA) today announced the termination of its existing Normal Course Issuer Bid effective since February 15, 2024 (the “Prior NCIB”) and the Toronto Stock Exchange ("TSX") has accepted its Notice of Intention to establish a new Normal Course Issuer Bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to 28,500,000 Magna Common Shares (the "New NCIB"), representing approximately 10% of its public float. As ...
Magna Announces Third Quarter 2024 Results Sales of $10.3 billion decreased in-line with the 4% reduction in global light vehicle productionDiluted earnings per share were $1.68, up $0.31, largely reflecting recognition of Fisker deferred revenueAdjusted diluted earnings per share were $1.28, down $0.18, including $0.10 due to a higher income tax rateNormal Course Issuer Bid to purchase up to 10% of our public float of Common Shares, with purchases expected to commence in the fourth quarter of 2024 AURORA, Ontario, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE...
Magna Debuts Scalable, Eco-Friendly ICE to Hybrid Transmission for European OEM First high-volume contract award for new product supports various vehicle models globally with ICE transmissionsNew modular Dual Clutch Transmission enables seamless hybrid transition on the same vehicle platform with minor changesEfficient and compact design with optimized torque-to-weight ratio results in lower CO² emissions, contributing to a cleaner future AURORA, Ontario, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Magna is accelerating the industry’s move toward a cleaner future with the debut of its inno...
Magna Announces Date for Q3 2024 Results Call AURORA, Ontario, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:) (NYSE:) MAGNA INTERNATIONAL INC.THIRD QUARTER 2024 RESULTS WEBCAST FRIDAY – NOVEMBER 1, 20248:00 AM ET LIVE AUDIO WEBCASTWebcast registration: DIAL IN DETAILS Participant Toll-Free Dial-In: 1-800-715-9871Participant Toll Dial-In: 1-646-307-1963Conference ID: 9829976 Slide presentation will be available on our website prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call until November 8, 2024 Toll-Free Dial-In: 1-800-770-2030To...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
Magna Recommends Rejection of "Mini-Tender" Offer AURORA, Ontario, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported that it has received notice of an unsolicited mini-tender offer made by TRC Capital Investment Corporation (“TRC Capital”) to purchase up to 2,000,000 Magna Common Shares, or less than 1% of Magna’s outstanding Common Shares, at a price of CDN $57.90 per share. Magna cautions shareholders that the mini-tender offer has been made at a price below recent market prices, representing a discount of 4.49% to the closing price of Magna’...
Magna gibt die Ergebnisse des zweiten Quartals 2024 bekannt Der Umsatz in Höhe von 11,0 Milliarden USD entspricht dem 2. Quartal 2023, verglichen mit einem Anstieg der weltweiten Produktion von leichten Nutzfahrzeugen um 2 %.Der verwässerte Gewinn pro Aktie und der bereinigte verwässerte Gewinn pro Aktie lagen bei 1,09 USD bzw. 1,35 USDDividendenausschüttung von 134 Mio. USDAusblick 2024 für den Gesamtumsatz weitgehend unverändert, Spanne für die bereinigte EBIT-Marge auf 5,4 % bis 5,8 % eingeengt AURORA, Ontario, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYS...
Magna annonce ses résultats pour le deuxième trimestre 2024 Affichant un total de 11,0 milliards de dollars, les ventes restent stables par rapport au deuxième trimestre 2023, contre une augmentation de 2 % de la production mondiale de véhicules légersLe bénéfice par action dilué et le bénéfice par action dilué ajusté s’élèvent respectivement à 1,09 dollar et 1,35 dollar.Les dividendes versés représentent une somme de 134 millions de dollarsLes perspectives 2024 pour les ventes totales restent largement inchangées, et la marge d’exploitation ajustée s’est d’abord resserrée à 5,4 %, puis à 5...
Magna Announces Second Quarter 2024 Results Sales of $11.0 billion were level with Q2, 2023, compared to a 2% increase in global light vehicle productionDiluted earnings per share and Adjusted diluted earnings per share were $1.09 and $1.35, respectivelyPaid dividends of $134 million2024 outlook for Total Sales largely unchanged, Adjusted EBIT Margin range narrowed to 5.4% to 5.8% AURORA, Ontario, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2024. Please click for full second quart...
Magna Announces Date for Q2 2024 Results Call AURORA, Ontario, July 02, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:) (NYSE:) MAGNA INTERNATIONAL INC. SECOND QUARTER 2024 RESULTS WEBCAST FRIDAY – AUGUST 2, 2024 8:00 AM ET LIVE AUDIO WEBCASTWebcast registration: DIAL IN DETAILS Participant Toll-Free Dial-In: 1-800-715-9871Participant Toll Dial-In: 1-646-307-1963Conference ID: 9829976 Slide presentation will be available on our website prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call until August 9, 2024 Toll-Free Dial-In: 1-800-770-2030...
Magna Awarded Reconfigurable Seating Business With Chinese OEM Innovative system offers two rows of seats on long rails with a fully rotating front rowFlexible layout for more in-cabin spaceAward showcases local R&D, complete technology development, and production readiness AURORA, Ontario, June 18, 2024 (GLOBE NEWSWIRE) -- For more than 65 years, Magna has helped redefine the very concept of consumer experience and design in the vehicle. Today, the company has further advanced traditional in-cabin vehicle design with its first awarded contract to deliver a reconfigurable seating syste...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
Magna Announces CAD Senior Notes Offering NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES AURORA, Ontario, May 27, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into an agency agreement providing for the issuance, by way of private placement in each of the provinces of Canada, of CAD$450 million aggregate principal amount of senior unsecured notes due 2029. The notes will bear interest at an annual rate of 4.80% and will mature on May 30, 2029. The offering is expected to close on May 30, 2...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
Magna gibt Ergebnisse der Jahreshauptversammlung 2024 bekannt AURORA, Ontario, May 13, 2024 (GLOBE NEWSWIRE) -- Magna gibt Ergebnisse der Jahreshauptversammlung 2024 bekannt AURORA, Ontario, 9. Mai 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) hat heute die Abstimmungsergebnisse der Jahreshauptversammlung 2024 bekanntgegeben, die am 9. Mai 2024 stattfand. Insgesamt waren 230.328.916 Stammaktien oder 80,18 % unserer ausgegebenen und im Umlauf befindlichen Stammaktien persönlich oder durch Bevollmächtigte auf der Versammlung vertreten. Die Aktionäre stimmten für je...
Magna lève le voile sur les résultats de son assemblée générale 2024 AURORA, Province de l’Ontario, 13 mai 2024 (GLOBE NEWSWIRE) -- Magna International, Inc. (TSX : MG ; NYSE : MGA) publie les résultats du scrutin organisé lors de son assemblée annuelle des actionnaires 2024 qui s’est tenue ce même jour. Au total, 230 328 916 actions ordinaires ou 80,18 % des actions ordinaires émises et en circulation étaient représentées par leurs porteurs en personne ou par procuration lors de cette assemblée. Les actionnaires ont voté en faveur de chaque point de l’ordre du jour, comme suit : a. Él...
Magna Announces 2024 Annual Meeting Results AURORA, Ontario, May 09, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2024 annual meeting of shareholders held on May 9, 2024. A total of 230,328,916 Common Shares or 80.18% of our issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of each item of business, as follows: a. Election of Directors NomineeVotes FORNomineeVotes FORMary S. Chan95.27%Mary Lou Maher98.16%Hon. V. Peter Harder98.97%William A. Ruh96.46%...
Magna gibt Ergebnisse des ersten Quartals 2024 bekannt Der Umsatz stieg um 3 % auf 11 Mrd. USD, während die weltweite Produktion von leichten Nutzfahrzeugen um 2 % zunahmDer verwässerte Gewinn je Aktie und der bereinigte verwässerte Gewinn je Aktie betrugen 0,03 USD bzw. 1,08 USDVerbuchung von Wertminderungen und Umstrukturierungen in Höhe von insgesamt 316 Mio. USD im Zusammenhang mit FiskerDividendenausschüttung von 134 Mio. USDBeibehaltung des Ausblicks für die bereinigte EBIT-Marge für 2024 in Höhe von 5,4 %-6,0 % AURORA, Ontario, May 06, 2024 (GLOBE NEWSWIRE) -- Magna International ...
Magna annonce ses résultats pour le premier trimestre 2024 Les ventes ont augmenté de 3 % pour atteindre 11,0 milliards de dollars, alors que la production mondiale de véhicules légers a, quant à elle, augmenté de 2 %.Le bénéfice par action dilué et le bénéfice par action dilué ajusté s’élèvent respectivement à 0,03 dollar et 1,08 dollar.Les dépréciations d’actifs et les charges de restructuration en lien avec Fisker s’enregistrent à hauteur de 316 millions de dollarsLes dividendes versés représentent une somme de 134 millions de dollarsLes prévisions de marge opérationnelle ajustée se main...
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