Home Auto Parts Canadian auto components maker Magna International's income falls 18.4 percent

Canadian auto components maker Magna International’s income falls 18.4 percent




Feb 22 (Reuters) – Canada’s Magna International Inc stated an 18.4 percent drop in quarterly income on Friday, as the world’s 1/3-biggest car parts dealer through sales was hit with the aid of tepid demand from China and Europe.

Canadian auto components maker Magna International's income falls 18.4 percent 1

As a result of Magna, net income fell to $456 million, or $1.37 in line with proportion, inside the fourth zone ended Dec. 31 from $559 million, or $1.Fifty-four according to the percentage, a yr in advance.

The Aurora, Ontario-primarily based organization stated total sales rose to $10.14 billion from $nine.Sixty-eight billion.




Canadian auto components maker Magna International's income falls 18.4 percent 3
Elaine Howell
Web fan. Beer fanatic. Explorer. Coffee ninja. Pop culture buff. Hipster-friendly food trailblazer. Skydiver, feminist, audiophile, hand letterer and AIGA member. Working at the crossroads of modernism and intellectual purity to craft delightful brand experiences. I prefer clear logic to decoration.

Must Read

Check Out The Coolest Vans Now and Be The envy of Your Friends.

With the freedom and flexibility that comes with owning a van, it's no wonder they've become so popular in recent years. But with so...

Test Drive the Porsche 918 Spyder Today and Experience the Speed

The Porsche 918 Spyder is one of the most anticipated sports cars on the market. Drivers who crave speed and luxury can finally test-drive...

Get the answers to all your questions about Drive Services near me!

Have you ever wondered what the best driving services near me are? Maybe you've been in an accident and need a tow, or your...

The Ball Joint Replacement Cost

Ball joints are critical pieces of a car's suspension system. They provide the connection between the ball at the end of a control arm...

How Much Does it Cost to Replace a Wheel Bearing?

Replacing a wheel bearing can be a costly repair, but it is essential to know the cost before getting the work done. The average...
Canadian auto components maker Magna International's income falls 18.4 percent 4