Tag Archives: Magna

Magna International Inc reports higher sales on U.S. demand

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Canadian auto parts maker Magna International Inc reported better-than-expected quarterly sales, helped by demand in the usa. Magna also raised its full-year operating margin forecast on Thursday. The organization sold much of its vehicle interiors business, typically a lower-margin business, to Spain\’s Grupo Antolin in April. U.S. auto sales rose in the first three months of the year, helped by ...

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Magna International Inc a ‘highly probable’ buyer of some Granite REIT assets, analyst says

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Granite Real Estate Investment Trust is considering sales of its assets, and Magna International Inc. is a \”highly probable\” buyer of its special-purpose facilities, according to Desjardins analyst Michael Markidis. Granite, which owns $ 30 million square feet of industrial properties in North America and Europe, counts Magna since it\’s largest tenant with about 82 per cent of its annualized ...

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