Subscribe
Suppliers

Magna Q3 income surges on improved global vehicle production

New_Magna_Sign.jpg
(GREG LAYSON)
JI
By:
John Irwin
November 04, 2022 03:45 PM

Third-quarter net income at Magna International Inc. surged to $289 million from $11 million a year earlier as the company benefited from higher vehicle production levels worldwide.

Featured Stories

Here’s our list of the 2025 Top 150 dealership groups
Here’s our list of the 2025 Top 150 dealership groups
Dealership groups on 2025 top 150 list compete, consolidate and grow together
Dealership groups on 2025 top 150 list compete, consolidate and grow together
Tesla U.S. sales and EV share are in decline. Has the industry disrupter peaked?
Tesla U.S. sales and EV share are in decline. Has the industry disrupter peaked?
Volvo brings back Hakan Samuelsson as CEO as Jim Rowan steps down
Volvo brings back Hakan Samuelsson as CEO as Jim Rowan steps down

Latest News

Karma Automotive solidifies lineup with focus on energy range-extended powertrains
Nissan to get low-cost electric minicar based on €20,000 Renault Twingo
2025 Ram Heavy Duty: Redefining the monster truck with a new diesel
Live talk today at noon: Top 150 Dealership Groups and automotive retail
Staying current is easy with newsletters delivered straight to your inbox.

See More in Suppliers

Forvia posts slightly lower Q3 sales, but wins new business from Chinese automakers
Longtime Ford supplier Dana explores sale of off-highway unit, report says
Daily 5 report for Oct. 18: Bosch and Rivian's court fight isn't the typical supplier vs. automaker dispute
Nemak's Q3's net income takes a tumble
Staying current is easy with newsletters delivered straight to your inbox.