Magna FY2019 sales down 3.4% y/y to USD39.43 billion

Financial results

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.

Thank you for visiting IHS Automotive AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload