UPDATE 2-Magna hit by loss in auto sector turmoil

Newswire

* Q4 loss $1.33/shr vs EPS $0.24 * Revenue slumps 29 percent to $4.84 billion * Says well-positioned to weather downturn (Adds details, comments from conference call and analysts. In U.S. dollars, unless noted) By John McCrank TORONTO, Feb 24 (Reuters) - Magna International reported a quarterly loss on Tuesday, as expected, as the big auto parts maker was battered by the meltdown in the global auto industry, which it warned had yet to touch bottom. "While 2008 was a difficult year ...

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