Magna Announces Senior Notes Offerings AURORA, Ontario, May 14, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) has announced that it has entered into underwriting agreements in respect of the offering of one series of Euro denominated senior notes (“Euro senior notes”) and one series of U.S. dollar denominated senior notes (“U.S. dollar senior notes”), as follows: Principal AmountMaturityAnnual Interest RateEuro Senior Notes€575,000,000May 21, 20313.625%U.S. Dollar Senior Notes$400,000,000June 1, 20355.875% Magna intends to use the net proceeds from the offeri...
Magna Announces 2025 Annual & Special Meeting Results AURORA, Ontario, May 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2025 annual and special meeting of shareholders held on May 8, 2025. A total of 221,621,186 Common Shares or 78.66% 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. Chan98.05%William A. Ruh88.30%Hon...
Magna Announces First Quarter 2025 Results Comparing the first quarter of 2025 to the first quarter of 2024: - Sales decreased 8% to $10.1 billion, as global light vehicle production decreased 3%, which included 8% and 5% declines in Europe and North America, respectively - Diluted earnings per share of $0.52 and Adjusted diluted earnings per share of $0.78, compared to $0.03 and $1.08, respectivelyFirst quarter performance was broadly ahead of our expectations driven by strong incremental margins on better than anticipated vehicle productionReturned $187 million to shareholders through d...
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 International Inc. Announces Date for First Quarter 2025 Results Webcast AURORA, Ontario, April 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:) (NYSE:) MAGNA INTERNATIONAL INC. ANNOUNCES DATE FORFIRST QUARTER 2025 RESULTS WEBCAST FRIDAY, MAY 2nd, 2025 @ 8:00 AM EDT LIVE AUDIO WEBCASTWebcast registration: DIAL-IN DETAILSParticipant Toll-Free Dial-In: 1-800-715-9871Participant Toll Dial-In: 1-646-307-1963Conference ID: 9829976Slide presentation will be available on our website prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call and will...
Magna to Showcase Advanced Innovations at Auto Shanghai 2025 Magna’s vehicle technologies and high-performance parts and systems to be on displayKey focus areas include sustainable innovations, ADAS, personalized brand experiences and complete vehicle solutionsPress conference on April 24 at Magna Booth 2BC011 in Hall 2.2 SHANGHAI, April 08, 2025 (GLOBE NEWSWIRE) -- For over 65 years, Magna has been at the forefront of automotive innovation. For the first time, the company will exhibit at Auto Shanghai 2025, presenting essential vehicle technologies and high-performance parts and systems...
Magna Posts 2024 Annual Report AURORA, Ontario, March 28, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2024 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company’s website, . Magna has also filed these documents with the Canadian Securities Administrators (accessible through its website at ) and the U.S. Securities and Exchange Commission (accessible through its website at . Please click for the 2024 Annu...
Magna and NVIDIA Team Up to Advance Next-Gen Automotive Technologies Magna to integrate NVIDIA DRIVE AGX, built on DRIVE Thor SoC, for next-generation vehicle intelligenceCollaboration to deliver AI-powered, scalable solutions for ADAS and autonomous driving systems, enabling software-defined vehiclesIn-vehicle accelerated compute platform will enable advanced active safety and comfort functions, interior cabin AI solutions and more AURORA, Ontario, March 18, 2025 (GLOBE NEWSWIRE) -- Magna, a global leader in mobility technology, today announced a program in collaboration with NVIDIA to ...
Today, we are publishing the Automotive section of our 26th Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 140 companies we track, providing an update on our key perspectives and convictions. In the coming weeks we will publish sections on Cloud Infrastructure, Memory, Telecom Equipment, Enterprise IT, Ride sharing & Delivery, and Foundry. Auto semi revenues declined sharply as the industry ...
Magna Announces Fourth Quarter 2024 Results and 2025 Outlook Fourth Quarter 2024 Highlights Sales increased 2% to $10.6 billion, in-line with global light vehicle productionDiluted earnings per share of $0.71 and Adjusted diluted earnings per share of $1.69, compared to $0.94 and $1.33, respectivelyGenerated $1.9 billion in cash from operating activitiesReturned $335 million to shareholders through dividends and share repurchasesRaised quarterly cash dividend to $0.485 per share, marking our 15th consecutive year of fourth quarter increases Outlook Highlights 2025 Sales expected t...
Magna Expands Long-Term Innovation Partnership with Mercedes-Benz Ongoing collaboration underscores commitment to innovation and excellence in the automotive industryPartnership strengthened through development and engineering services up to the production of the all-new electric model of Mercedes-Benz’s iconic off-roaderMagna’s eDS Duo electric drive system demonstrates innovative approach to delivering advanced powertrain solutions AURORA, Ontario, Feb. 11, 2025 (GLOBE NEWSWIRE) -- For several decades, Magna has been a strategic partner to Mercedes-Benz, creating a legacy of innovation...
Magna International Inc. Announces Date for Q4 & Year End 2024 Results and 2025 Outlook Webcast AURORA, Ontario, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:) (NYSE:) MAGNA INTERNATIONAL INC. ANNOUNCES DATE FOR Q4 & YEAR END 2024 RESULTS and 2025 OUTLOOK WEBCAST FRIDAY, FEBRUARY 14, 2025 @ 8:00 AM ET LIVE AUDIO WEBCASTWebcast registration: DIAL-IN DETAILSParticipant Toll-Free Dial-In:1-800-715-9871Participant Toll Dial-In:1-646-307-1963Conference ID:9829976Slide presentation will be available on our website prior to the call REBROADCAST INFORMATIONReplay available...
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...
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