Magna to take Q4 charge linked to Decoma, tax hike

Newswire

(In U.S. dollars unless noted) TORONTO, Dec 19 (Reuters) - Magna International said on Friday it will take a fourth-quarter charge related to a subsidiary and the effect of higher corporate taxes in Ontario. The Canadian auto-parts supplier will notch a 28 cent a share charge in the fourth quarter. It relates to a restructuring of Decoma International's European operations, which will result in a $23 million, or 18 cents per share, hit. The effect of higher corporate taxes in Ontario ...

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