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Magna International Inc (MGA)

MGA on New York Consolidated

56.04USD
11 Dec 2017
Change (% chg)

$0.00 (+0.00%)
Prev Close
$56.04
Open
$56.37
Day's High
$56.42
Day's Low
$55.77
Volume
548,211
Avg. Vol
1,199,615
52-wk High
$56.82
52-wk Low
$39.50

Latest Key Developments (Source: Significant Developments)

Magna announces specific share repurchase programs as part of normal course issuer bid
Tuesday, 21 Nov 2017 06:20pm EST 

Nov 21 (Reuters) - Magna International Inc ::Announces specific share repurchase programs as part of normal course issuer bid.  Full Article

‍TSX accepts Magna International's notice of intention to make normal course issuer bid​
Monday, 13 Nov 2017 05:00am EST 

Nov 13 (Reuters) - Magna International Inc :‍TSX accepts notice of intention to make normal course issuer bid​.‍Pursuant to notice, co may purchase up to 35.8 million Magna shares, representing approximately 10% of its public float​.  Full Article

Magna reports Q3 earnings per share $1.36
Thursday, 9 Nov 2017 05:00am EST 

Nov 9 (Reuters) - Magna International Inc :Magna announces third quarter results.Q3 earnings per share $1.36.Q3 sales $9.5 billion versus I/B/E/S view $9.23 billion.Q3 earnings per share view $1.32 -- Thomson Reuters I/B/E/S.Magna International Inc - Expects 2017 ‍capital spending of approximately $1.9 billion​.Sees FY 2017 total sales $38.3 billion - $39.5 billion‍​.  Full Article

Magna forms E-Powertrain joint venture in China
Wednesday, 18 Oct 2017 08:00am EDT 

Oct 18 (Reuters) - Magna International Inc : :Magna forms E-Powertrain joint venture in China.Magna International - ‍has entered into a JV agreement with Huayu Automotive Systems Co, a subsidiary of Saic Motor​.Magna International Inc - ‍JV will initially produce an electric-drive powertrain system for a German automaker​.  Full Article

Magna International to build new paint line in Slovenia
Tuesday, 17 Oct 2017 09:30am EDT 

Oct 17 (Reuters) - Magna International Inc :Magna to build new paint line in Slovenia to support Graz Vehicle production.Facility in Slovenia expected to begin operations in 2019​.Taking Jaguar E-Pace, Jaguar I-Pace & other programs into account​, co expected to contract manufacture about 200,000 vehicles per year by 2018.  Full Article

Magna joins The BMW Group, Intel, Mobileye for autonomous driving technology
Tuesday, 10 Oct 2017 10:23am EDT 

Oct 10 (Reuters) - Magna International Inc::Magna joins The BMW Group, Intel and Mobileye platform as an integrator to bring autonomous driving technology to the market.  Full Article

Magna International says‍ reached a settlement agreement with plaintiffs in KS Centoco legal proceedings​
Friday, 29 Sep 2017 05:20pm EDT 

Sept 29 (Reuters) - Magna International Inc :Magna International Inc - ‍ reached a settlement agreement with plaintiffs in KS Centoco Ltd legal proceedings​.Magna International - ‍under settlement deal, Magna will relinquish its 23% equity interest in ks centoco and pay c$25 million for release of all claims​.  Full Article

Magna announces senior notes offering
Monday, 18 Sep 2017 05:05pm EDT 

Sept 18 (Reuters) - Magna International Inc :Magna announces senior notes offering.Magna International Inc - ‍Notes will bear interest at an annual rate of 1.500% and will mature on September 25, 2027​.Magna International -Entered into underwriting agreement providing for issuance of eur 600 million aggregate principal amount of its senior unsecured notes​.  Full Article

Magna expands in Alabama with aluminum casting facility
Friday, 8 Sep 2017 10:00am EDT 

Sept 8 (Reuters) - Magna International Inc :Magna expands in Alabama with Aluminum Casting facility.Magna International Inc - ‍expanding operations to add aluminum casting capabilities at its Kamtek facility in Birmingham, Alabama​.Magna International Inc - ‍invested approximately $60 million to add 150,000-square-foot facility​.  Full Article

Magna International CEO says still expecting a fairly strong 2nd half in North America - conf call
Friday, 11 Aug 2017 09:10am EDT 

Aug 11 (Reuters) - Magna International Inc ::Magna International CEO says expects to be at capacity in Graz with complete vehicle assembly sales of over $6 billion in 2019 - conf call.Magna International CEO says "We're still expecting margins in Europe to expand" - conf call.Magna International CEO says "We're still expecting a fairly strong second half in North America" - conf call.Magna International CEO says "We still have room to buy back more stock" - conf call.  Full Article

BMW expects jump in electric car sales in 2018 - R&D chief

MUNICH, Dec 5 BMW expects its sales of electric and hybrid vehicles to jump next year, its research and development chief said as the premium carmaker races to catch up with rivals such as U.S. electric car pioneer Tesla.