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Magna International (MGA) is a leading global automotive supplier with 317 manufacturing operations and 102 product development, engineering and sales centres across 29 countries. The company has over 155,000 employees. It has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities, which include body, chassis, exterior, seating, powertrain, active driver assistance, vision, closure and roof systems. The company also has electronic and software capabilities across many of these areas. Magna International’s common shares trade on the Toronto Stock Exchange (ticker: MG) and the New York Stock Exchange (ticker: MGA). The company’s auto parts are primarily supplied to General Motors, Ford Motor Company and Chrysler LLC. Capital.com enables you to browse the Magna International share price in real time.
The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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