Magna FY2019 sales down 3.4% y/y to USD39.43 billion
GM's labour strike was cited among the reasons for the lower sales and profitability
Canada-based automotive technology firm Magna has released its financial results for the FY2019 period. In a press release dated 21 February, the company reported sales of USD39.43 billion for the fiscal year of 2019, which was a drop of 3.4% y/y. The company registered sales of USD40.83 billion during FY2018.