Magna Sold 4 Per Cent Less and Earned 11 Per Cent More
Magna reported third quarter 2026 results on 2 November with sales of USD 10.1bn, down 4 per cent year on year, and adjusted EBIT of USD 683m, up 11 per cent. The margin expansion came while revenue was contracting, which is the harder version of the exercise. The company attributed the profit line to cost … Read more