Magna reports Q2 2024 net sales at $11 billion, level with Q2 2023
The CEO emphasized strategic adjustments and confidence, despite challenges in vehicle program volumes and the EV market shift
In a press release on Aug. 2, Magna International reported second-quarter 2024 net sales at $11 billion, which were level with the second quarter of 2023, compared to a 2% increase in global light-vehicle production, ending on June 30.
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