The auto parts maker says it expects light vehicle production this year to be down seven per cent in
As a result of the lower assumed production, Magna says it now expects total sales for 2021 to be in the range of
The range is down from its August outlook for between
Magna also says its adjusted earnings before interest and taxes margin is now expected to be in the 5.1 per cent to 5.4 per cent range, compared with 7.0 per cent to 7.4 per cent in its August outlook.
Magna is expected to report its financial results for the third quarter on
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