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

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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.




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Elaine Howell
Automobile engineering is my hobby and I like to write about cars. My blog covers everything related to automobiles, from engines to design, manufacturing, maintenance, repair, and even new models. Automobile engineering is something that requires lots of skills, and I have been practicing since I was in college. Automobile engineering is limited to one’s technical ability and involves understanding many other aspects such as sales, marketing, legal, financial, and so on. Therefore, this is a perfect job for an individual who is interested in all aspects of automobile industry.

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