Magna’s Q2 2020 sales fall 57.6% y/y to USD4.2 billion

Financial results

Company expects sales between USD30 billion and USD32 billion for the full year 2020

Canada-based automotive components manufacturer Magna has reported a 57.6% y/y in sales to USD4.2 billion for the second quarter ended 30 June 2020, according to a company press release on 7 August.

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