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The Latest Breaking News from Magna International

Smart Money Is Buying Auto Suppliers, Not Car Brands

Suppliers Magna and Autoliv offer deep value and steady income by building the essential infrastructure for every major car brand in the global market.

MarketBeat

Top 3 Auto Stocks To Watch for 2026, According to Experts

Auto stocks like Tesla, GM and Magna offer strong dividend yields, growth potential & benefit from rate cuts -- making them smart picks for long-term investors.

GOBankingRates

Magna Raises Outlook Despite Persistent Industry Challenges

Magna International (NYSE:MGA) shares gained on Friday after the second-quarter fiscal 2025 earnings. The auto parts maker reported a quarterly revenue decline of 3% year-on-year to $10.63 billion, beating the analyst consensus estimate of $10.08 billion.

Benzinga

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Frank Stronach allegations highlight harassment in the workplace

Police in Canada recently charged Frank Stronach, the founder of auto parts manufacturer Magna International, with multiple sexual offences dating back to 1977. The charges include rape, indecent assault, sexual assault and forcible confinement. Stronach’s lawyer has said he “categorically denies” the allegations.

The Conversation

Fisker Ocean Factory 'Assumes No Further Production' Will Take Place

The Fisker Ocean may already be dead.

Motor1

'No Further Production' Of Fisker Ocean Planned By Magna International

Magna is the company contracted to build the Fisker Ocean and it announced that it “assumes no further production” this year.

InsideEVs

Unusual Options Volume Spikes for Magna International (MGA) and for Good Reason

With the EV sector fallout, MGA stock stands poised to benefit as the ‘traditional’ automotive industry gains back some relevance.

Barchart

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Ford's EV Future Accelerated: $800M Investment In Tennessee By Magna

Automotive supplier Magna has recently invested nearly $800 million dollars to build manufacturing facilities to assist Ford in its EV efforts.

InsideEVs

Austrian businessman Wolf charged in Eurofighter case

The former head of car supplier Magna International, Austrian businessman Siegfried Wolf, was charged by an Austrian court on Monday on suspicion of money laundering in connection with the purchase of Eurofighter jets two decades ago.

Reuters

Volkswagen Said To Turn To Magna For Help Developing Scout Project

Citing unnamed company sources, Automobilwoche reports that VW may turn to Magna to develop the electric pickup planned for 2026 as the first Scout vehicle.

InsideEVs

$101m global rear-view mirror deal for Canberra-developed safety tech

Seeing Machines links up with Magna International on a rear-view mirror tech deal.

The Canberra Times

Auto supplier Magna bringing electric delivery robots to Metro Detroit

DETROIT — Canadian auto supplier Magna International Inc. is building an autonomous, electric delivery vehicle, it said Wednesday at the North American International Auto Show.

Tribune News Service

12 Analysts Have This to Say About Magna International

Magna International (NYSE:MGA) has observed the following analyst ratings within the last quarter:

Benzinga

Expert Ratings for Magna International

Analysts have provided the following ratings for Magna International (NYSE:MGA) within the last quarter:

Benzinga

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Benzinga

Magna International: Q1 Earnings Insights

Magna International (NYSE:MGA) reported its Q1 earnings results on Friday, April 29, 2022 at 06:00 AM. Here's what investors need to know about the announcement.

Benzinga

Expert Ratings For Magna International

Analysts have provided the following ratings for Magna International (NYSE:MGA) within the last quarter:

Benzinga

Veoneer Appoints Jacob Svanberg As CEO

Veoneer Inc (NYSE:VNE) announced that, in connection with the previously announced merger agreement with SSW and Qualcomm Inc (NASDAQ:QCOM), the parties have agreed that the closing of the merger will take place on April 1, 2022. The new owners plan to appoint Jacob Svanberg as the company's new CEO. Related: Qualcomm Beat Magna International…

Benzinga

What 4 Analyst Ratings Have To Say About Magna International

Within the last quarter, Magna International (NYSE:MGA) has observed the following analyst ratings:

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Benzinga

Recap: Magna International Q4 Earnings

Magna International (NYSE:MGA) reported its Q4 earnings results on Friday, February 11, 2022 at 05:00 AM. Here's what investors need to know about the announcement.

Benzinga

Earnings Outlook For Magna International

Magna International (NYSE:MGA) is set to give its latest quarterly earnings report on Friday, 2022-02-11. Here's what investors need to know before the announcement. Analysts estimate that Magna International will likely report an Earnings Per Share (EPS) of $1.59.

Benzinga

Magna International's Debt Overview

Shares of Magna International (NYSE:MGA) decreased by 8.06% in the past three months. Before we understand the importance of debt, let us look at how much debt Magna International has.

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