Magna Earnings

• Magna shares plunge after disappointing Q4 results: ‘Another difficult year’

  Supply disruptions that were expected to have cleared up did not, leading to continued volatility in auto production that made for significant inefficiencies in Magna's operations.

  Economy

  Feb 10, 2023
  
• Magna posts Q2 loss as China lockdowns, supply chain woes weighed

  "The China COVID lockdowns in the quarter created further supply chain bottlenecks that are still being felt in the industry," Magna CEO Seetarama Kotagiri told analysts.

  Economy

  Jul 29, 2022
  
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• Magna’s profit hit in Q3 as chip shortages continue to hamper auto production

  Magna says vehicle production was significantly lower than anticipated largely due to the chip shortages.

  Economy

  Nov 5, 2021