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Magna International Inc

  • May 7- Canadian auto parts maker Magna International Inc reported better-than-expected quarterly sales, helped by demand in the United States. The company sold much of its vehicle interiors business, typically a lower-margin business, to Spain's Grupo Antolin in April. Magna also cut its 2015 sales forecast to $30.8 billion- $32.5 billion from $33.1 billion-...

  • Canadian auto parts maker Magna's sales drop 7 pct Thursday, 7 May 2015 | 8:13 AM ET

    May 7- Canadian auto parts maker Magna International Inc reported a 7 percent drop in quarterly sales, hurt by a stronger dollar. However, net income attributable to Magna rose to $465 million, or $1.12 per share, in the first quarter ended March 31 from $393 million, or 88 cents per share, a year earlier. Sales fell to $8.33 billion from $8.96 billion.

  • April 16- Canadian auto-parts maker Magna International Inc said on Thursday it will sell most of its vehicle-interiors operations to Spain's Grupo Antolin for about $525 million. The deal covers 36 manufacturing plants and about 12,000 employees in Europe, North America and Asia, the company said. "Overall, we regard the deal as positive as it takes out of a...

  • April 16- Canadian auto parts maker Magna International Inc said it would sell most of its interiors operations to Spain's Grupo Antolin for about $525 million. The deal includes 36 manufacturing plants and about 12,000 employees in Europe, North America and Asia, the company said. The operations included in the agreement recorded about $2.4 billion in sales...

  • Feb 25- Auto parts maker Magna International Inc reported stronger than expected quarterly earnings on Wednesday while announcing a higher dividend and a stock split, sparking a rally in its shares. Canaccord Genuity analyst David Tyerman said both Magna's sales and margins came in ahead of his forecasts. Magna cut its 2015 forecast for total production...

  • Feb 25- Canadian auto parts maker Magna International Inc cut its revenue forecast for 2015, hurt by weak demand from Europe. Demand for cars picked up in Europe last year after a six-year slump, boosted by incentive schemes from governments and carmakers. It lowered its forecast for production sales in Europe to $8.3 billion- $8.7 billion from $9.0 billion- $9.4...

  • Canadian auto parts maker Magna's profit rises 11 pct Wednesday, 25 Feb 2015 | 5:21 AM ET

    Feb 25- Canadian auto parts maker Magna International Inc reported a 11 percent rise in quarterly profit, helped by strong demand in North America. Magna said its dividend would rise to 44 cents per share from 38 cents after the stock split. The net income attributable to the company rose to $509 million, or $2.44 per share, in the fourth quarter ended Dec. 31 from $458...

  • *Car technology now a focus for Silicon Valley. FRANKFURT/ SAN FRANCISCO, Feb 14- Technology giant Apple is looking beyond mobile devices to learn how to make a self-driving electric car, and is talking to experts at carmakers and automotive suppliers, a senior auto industry source familiar with the discussions said on Saturday. The Cupertino, California- based...

  • UPDATE 2-Apple is working on creating a car -WSJ Friday, 13 Feb 2015 | 7:22 PM ET

    Feb 13- Apple Inc has a secret lab working on the creation of an Apple- branded electric car, the Wall Street Journal reported on Friday, citing people familiar with the matter. It would take years to finish the project, and it is not certain if Apple will eventually build a car, the Journal said. The news signals that Apple is sharply raising its ambitions for...

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  • German stocks - Factors to watch on October 2 Tuesday, 2 Oct 2012 | 1:08 AM ET

    Separately, Canadian automotive group Magna International Inc may lose the contract with BMW to build the next generation of Mini cars at its Austrian plant as BMW looks to concentrate Mini production in Britain and the Netherlands. Related news BASF Indicated 0.6 percent lower.

  • TORONTO, Oct 1- Canada's main stock index rose moderately on Monday, after touching a one-week high, as optimism over better-than-expected U.S. data was tempered by signs of economic weakness in Asia and evidence of a new recession in the euro zone. Federal Reserve and the European Central Bank.

  • Graz- based contract car manufacturing subsidiary Magna Steyr currently makes the Mini Countryman sports utility vehicle and later this year will also begin producing the Paceman, a sportier coupe version of the SUV, the seventh derivative of the Mini.

  • Magna may lose BMW's Mini car contract for Austria Monday, 1 Oct 2012 | 2:14 PM ET

    FRANKFURT, Oct 1- Canadian automotive group Magna International may lose the contract with BMW to build the next generation of Mini cars at its Austrian plant as BMW looks to concentrate Mini production in two locations.

  • TORONTO, Oct 1- Canada's main stock index hit its highest level in more than a week on Monday, starting the new quarter on positive ground as U.S. economic data surprised to the upside and investors bet on continued support from central banks.