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Magna International Inc (MG.TO)

MG.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Granite To Acquire German Logistics Property And Sell Aurora, Ontario Office Properties
Wednesday, 4 Jul 2018 

July 3 (Reuters) - Granite Real Estate Investment Trust ::GRANITE TO ACQUIRE GERMAN LOGISTICS PROPERTY AND SELL AURORA, ONTARIO OFFICE PROPERTIES.GRANITE REAL ESTATE INVESTMENT TRUST - DEAL FOR PURCHASE PRICE OF EURO 53.9 MILLION.GRANITE REAL ESTATE INVESTMENT TRUST - TRANSACTION WILL BE IMMEDIATELY ACCRETIVE TO FUNDS FROM OPERATIONS AND ADJUSTED FUNDS FROM OPERATIONS.GRANITE REAL ESTATE INVESTMENT TRUST - TRANSACTION WILL BE FUNDED FROM A COMBINATION OF CASH ON HAND AND GRANITE'S CREDIT FACILITY.GRANITE REIT- RECENTLY ENTERED AGREEMENT TO SELL OFFICE PROPERTIES IN AURORA, ONTARIO THAT SERVE AS CORPORATE HEADQUARTERS FOR MAGNA INTERNATIONAL INC.GRANITE REAL ESTATE INVESTMENT TRUST - SALE OF OFFICE PROPERTIES WILL GENERATE TOTAL GROSS PROCEEDS OF $60 MILLION.GRANITE REAL ESTATE INVESTMENT TRUST - SALE OF OFFICE PROPERTIES WILL BE ACCRETIVE TO GRANITE'S NET ASSET VALUE.  Full Article

Magna To Acquire Olsa for About EUR 230 Mln
Thursday, 28 Jun 2018 

June 28 (Reuters) - Magna International Inc ::MAGNA TO ACQUIRE OLSA AND EXPAND LIGHTING BUSINESS.MAGNA TO ACQUIRE OLSA AND EXPAND LIGHTING BUSINESS.MAGNA INTERNATIONAL INC - TRANSACTION VALUE ON A CASH- AND DEBT-FREE BASIS IS APPROXIMATELY EUR 230 MILLION.MAGNA INTERNATIONAL INC - TRANSACTION VALUE ON A CASH- AND DEBT-FREE BASIS IS APPROXIMATELY EUR 230 MILLION.  Full Article

Magna International Reports Q1 Adjusted Earnings Per Share Of $1.84
Thursday, 10 May 2018 

May 10 (Reuters) - Magna International Inc ::MAGNA ANNOUNCES RECORD FIRST QUARTER RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $1.84.Q1 EARNINGS PER SHARE $1.83.Q1 SALES $10.79 BILLION VERSUS I/B/E/S VIEW $10 BILLION.Q1 EARNINGS PER SHARE VIEW $1.70 -- THOMSON REUTERS I/B/E/S.INCREASED FULL YEAR OUTLOOK FOR SALES AND NET INCOME ATTRIBUTABLE TO MAGNA.SEES 2018 TOTAL SALES $40.9 BILLION - $43.1 BILLION.SEES 2018 CAPITAL SPENDING APPROXIMATELY $1.8 BILLION.SEES 2018 NET INCOME ATTRIBUTABLE TO MAGNA $2.4 - $2.6 BILLION.FY2018 EARNINGS PER SHARE VIEW $6.75, REVENUE VIEW $40.63 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Magna Says Magna, Innoviz Technologies To Supply BMW Group With LiDAR
Thursday, 26 Apr 2018 

April 26 (Reuters) - Bayerische Motoren Werke AG ::MAGNA SAYS MAGNA, INNOVIZ TECHNOLOGIES TO SUPPLY BMW GROUP WITH LIDAR FOR UPCOMING AUTONOMOUS VEHICLE PRODUCTION PLATFORMS.  Full Article

Magna Sees 2018 Capital Spending Of About $1.8 Bln
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Magna International Inc ::MAGNA ANNOUNCES OUTLOOK.- SEES 2018 CAPITAL SPENDING OF APPROXIMATELY $1.8 BILLION.- SEES FY 2018 TOTAL SALES $39.3 BILLION- $41.5 BILLION.- SEES TOTAL SALES OF $42.7 BILLION TO $45.7 BILLION IN 2020.- "ACCELERATING" FREE CASH FLOW IN 2018-2020 PERIOD.- EXPECT TO GENERATE OVER $6 BILLION IN FREE CASH FLOW BETWEEN 2018 AND 2020.SEES 2018 ‍NET INCOME ATTRIBUTABLE TO MAGNA OF $2.3 BILLION TO $2.5 BILLION ​.FY2018 REVENUE VIEW $42.13 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Magna International Realigns Management Structure Along Product Lines​
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Magna International Inc ::MAGNA INTERNATIONAL INC - ‍ANNOUNCED A REALIGNMENT OF ITS MANAGEMENT STRUCTURE ALONG PRODUCT LINES​.MAGNA INTERNATIONAL INC - INTRODUCING NEW FINANCIAL REPORTING SEGMENTS BEGINNING IN 2018.  Full Article

Magna announces specific share repurchase programs as part of normal course issuer bid
Wednesday, 22 Nov 2017 

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 

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 

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 

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

UPDATE 2-Auto parts maker Magna hit by trade dispute; cuts outlook

Aug 8 Canadian auto parts maker Magna International Inc on Wednesday lowered its full-year production outlook for North America, and revised downward its global sales, hurt in part by U.S. tariffs and other "headwinds" during the quarter, sending its stock down more than 8 percent in U.S. trading.