Magna Stock

• 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 idles Russian operations in response to Ukraine invasion

  Magna also says it is making a significant donation to the UN Refugee Agency and will match employee contributions.

  World

  Mar 4, 2022
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• Bridge blockades compounding semiconductor supply issues, Magna CEO says

  Magna CEO Seetarama Kotagiri said that some customers have had to idle or cut production requirements as a result of the bridge closure.

  Economy

  Feb 11, 2022
• 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