Magna reports Q1 2022 net sales at USD9.64 billion, down 5.27% y/y
In the first quarter of 2022, global light vehicle sales production was down 7% mainly due to a 16% decrease in Europe
Magna has reported first quarter net sales at USD9.64 billion with a year-on-year (y/y) decrease of 5.27% compared to USD10.17 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 29 April.
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