Magna earnings fall 65 percent; dividend cut


(In U.S. dollars) TORONTO, Feb 27 (Reuters) - Magna International reported a 65 percent drop in fourth-quarter profit on Tuesday and shaved its dividend as the auto parts maker struggled with a difficult automotive environment. Profit fell to $29 million, or 26 cents a share, from $83 million, or 75 cents a share, a year earlier. ($1=$1.16 Canadian)

Premium Content (PAID Subscription Required)

"Magna earnings fall 65 percent; dividend cut" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

more data and Insights

Nov 30, 2015

2016 Wards 10 Best Engines Test Drive: Ram 1500 EcoDiesel

The Ram 1500 and its 3.0L EcoDiesel V-6, evaluated by editor Bob Gritzinger, is one of 31 contenders for the 2016 Wards 10 Best Engines competition....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×