News

Confident Magna predicts growth despite sales setback

29/02/2016

Car-seat manufacturer Magna has reported sales of $32.1 billion for the year to the end of December, a decrease of 7% from 2014, which it attributed to weakening of currencies against the US dollar. Foreign currency translation reduced sales by $3.35 billion during the year. In the third quarter of 2015, it sold all of its interiors operations...

To continue reading this story, please sign in or register.

Related stories:

Leather seat-maker signs General Motors deal 08/04/2016
Magna expands in China 16/03/2016
‘Differentiated’ Lear reports record 2015 sales 01/02/2016
Magna to expand in China through seating joint venture 26/11/2015
Eagle Ottawa provides advantage for confident Lear 23/10/2015
Lear Corporation to expand its business in Mexico 07/10/2015
Another Australian millionaire buys into cattle farming 16/09/2015
Car components suppliers agree seating joint venture in India 09/10/2014

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.