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The Latest Breaking News from MGA

With the integration of advanced technologies driving the auto parts industry toward a promising future, three fundamentally sound auto stocks, Magna International (MGA), Adient plc (ADNT), and Genuine Parts Company (GPC), could be ideal portfolio additions now. Read on….

StockNews.com

Kylie Jenner is launching a Bratz doll line, the latest twist in the 20-year saga of the ‘anti-Barbie’ with billions of dollars at stake

In the wake of the record-breaking Barbie movie, Bratz are mounting a comeback, and they’re recruiting Kylie Jenner to do it.

Fortune

3 Auto Parts Stocks Beating the Competition

Despite fears of a recession, the auto parts industry is well-positioned to grow thanks to its ability to survive various economic cycles. Fundamentally strong industry participants AutoZone (AZO), Genuine Parts Company (GPC), and Magna International (MGA) are outperforming their peers. Therefore, it could be wise to buy these stocks. Read…

StockNews.com

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County Durham girl accepted into performing arts school - but can't get funding

Emily Jane Bainbridge has been offered a place at the MGA Academy in Edinburgh but fears not being able to afford the fees

Chronicle Live

Cumbernauld teen lands spot at coveted performing arts school after being headhunted

Zac McGuire, 19, was asked personally to audition for The MGA Academy after putting on an incredible performance as the lead in American Idiot, his college end of course show.

Glasgow Live

MGA Thermal powers up to meet global demand for clean energy storage

Newcastle-based clean energy company MGA Thermal has unveiled the first stage of its new commercial manufacturing facility in Tomago.

Newcastle Herald

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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Magna Commences Production Of Mild Hybrid Transmission For BMW Group

Magna International Inc (NYSE:MGA) has started the production of its mild hybrid transmission for Bayerische Motoren Werke AG (OTC:BMWYY). Magna's new 7-speed, mild hybrid dual-clutch transmission is the latest to be featured exclusively on BMW Group's compact class, accelerating its electric mobility transformation. The contract will also include the production of mild hybrid transmissions for…

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

Magna Clocks 5% Sales Decline In Q1; Cuts FY22 Outlook

Magna International Inc (NYSE:MGA) (TSX:MG) reported a first-quarter FY22 sales decline of 5.3%, to $9.64 billion, beating the consensus of $9.31 billion. Global light vehicle production growth was down 7%, primarily driven by a 16% decrease in Europe. Body Exteriors & Structures segment sales grew 1.3% Y/Y, Power & Vision fell 3.5%,…

Benzinga

Magna Opens New Facility In Slovakia

Magna International Inc (NYSE:MGA) (TSX:MG) has opened a new plant in Kechnec, Slovakia, to expand its ADAS (Advanced Driver Assistance System) and electrification footprint. The brownfield facility will support two European automakers and a new global entrant. The facility is anticipated to begin operation in the fourth quarter of 2022 and will have an area…

Benzinga

Magna-LG JV Taps GM As Foundational Customer For New Facility In Mexico

LG Magna e-Powertrain, a joint venture (JV) between LG Electronics and Magna International Inc (NYSE:MGA), marked the groundbreaking of its new plant in Ramos Arizpe, Mexico. General Motors Co (NYSE:GM) is the foundational customer for the new facility. The new facility will produce inverters, motors, and on-board chargers to support General Motors' electric vehicle (EV) production. The 260,000…

Benzinga

Expert Ratings For Magna International

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

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:

Benzinga

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Benzinga

BMO Capital Downgrades This Automotive Supplier - Read Why

BMO Capital analyst Peter Sklar downgraded Magna International Inc (NYSE:MGA) to Market Perform from Outperform with a price target of $63, down from $89, implying an 11% upside. The analyst stated that he had previously seen a possibility of a timely resolution of the Ukraine/Russia conflict, but recent developments instead point to a protracted…

StockNews.com

5 Auto Parts Stocks to Buy as Retail Sales Jump

Despite current, multi-decade high inflation, consumer spending rose in January as omicron-variant worries receded. Motor vehicle and parts dealers witnessed a 5.7% rise in retail sales as demand for automobiles climbed thanks to the continuing economic recovery. So, we think it could be wise to bet on quality auto parts…

Benzinga

Magna Clocks 14% Sales Decline In Q4 On Chip Shortages, Lags Consensus

Magna International Inc (NYSE:MGA) reported a fourth-quarter FY21 sales decline of 14% year-on-year, to $9.11 billion, missing the analyst consensus of $9.31 billion. Global light vehicle production declined 17%, primarily driven by the semiconductor chip shortages the industry has faced throughout 2021. Body Exteriors & Structures segment sales decreased 18% Y/Y, Power &…

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.

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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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