UPDATE 2-Higher sales drive Magna profits, forecasts raised

Newswire

(Recasts, adds conference call details. In U.S. dollars unless noted) By Jeffrey Hodgson TORONTO, Aug 6 (Reuters) - Auto parts maker Magna International Inc. reported a higher than expected rise in second-quarter profit on Wednesday and raised its earnings guidance for the full year. The Aurora, Ontario-based firm, which counts big carmakers like General Motors Corp. and Ford Motor Co. as major customers, said the results were driven by an 18 percent jump in sales. Magna said that ...

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