|Bid||53.66 x 800|
|Ask||53.73 x 800|
|Day's range||53.80 - 54.03|
|52-week range||42.51 - 57.85|
|Beta (3Y monthly)||1.38|
|PE ratio (TTM)||6.94|
|Forward dividend & yield||1.46 (2.71%)|
|1y target est||57.13|
Magna celebrated the opening of a new electronics manufacturing facility today in Grand Blanc Township, Michigan. The facility consolidates three nearby locations into a single state-of-the-art facility that combines 21st-century manufacturing with people-first workplace design and functionality. The new facility allows Magna to accelerate large-scale deployment of future technologies such as advanced driver assistance systems (ADAS), advanced robotics and micro-LED lighting.
Automakers have warned that tariffs on metals and other items resulting from President Donald Trump's trade war with China will add billions of dollars in costs to vehicle production and assembly. The company had previously cut its forecast in May, citing higher-than-expected costs in certain advanced driver assistance systems programs, lower anticipated sales from a transmission joint venture in China and a decline in vehicle production.
Sales of $10.1 billion decreased 1%, compared to global light vehicle production down 6%Excluding foreign currency translation and divestitures net of acquisitions, sales up 5%.
Magna (MGA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Magna has won new seating business in North America with a global automaker and will supply seat structures from a new manufacturing facility in Lancaster, Ohio. The company held a groundbreaking ceremony today at the site where construction has recently started on the 150,000-square-foot facility with an initial investment of approximately $60 million. The event was attended by Magna CEO Don Walker, U.S. Representative Steve Stivers, and U.S. Vice President Mike Pence.
Today Magna, BAIC Group and the Zhenjiang government celebrated the signing of a framework agreement governing their electric vehicle manufacturing joint venture in Zhenjiang, China, which marks another milestone of their continued cooperation. Executives from both companies and Zhenjiang government officials attended the celebration.
Higher expenses stemming from new businesses and excessive spending on electrification units are exerting pressure on Magna's (MGA) revenues.
AURORA, Ontario, July 03, 2019 -- Magna International Inc. (TSX:MG) (NYSE:MGA) SECOND QUARTER 2019 RESULTS CONFERENCE CALL THURSDAY – AUGUST 8, 2019 8:00 AM ET DIAL IN.
Automotive seat design has become a crucial consideration for automakers as consumers spend more time in their vehicles, and as interior comfort becomes a major competitive battleground. At the same time, every automaker is striving to put a special “signature” on seats, one that conveys their distinct brand values. FreeForm offers the freedom to achieve endless design possibilities with various shapes and crisp styling lines for striking visual effects.
Shelby Foam Systems has made 50 million seat foam pads since starting in 2010Plant focuses on best practices, innovation and sustainable manufacturingDedicated team embodies.
Magna International Inc. (MGA) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
AURORA, Ontario, May 09, 2019 -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2019 annual meeting of shareholders. A total of.