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Stock Market & Financial Investment News

News Breaks
May 8, 2014
08:22 EDTMGAMagna sees 2014 revenue $34.9B-$36.6B, consensus $35.71B
Sees 2014 operating margin in mid to high 6% range.
News For MGA From The Last 14 Days
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May 6, 2015
09:23 EDTMGAMagna added to Best Ideas List at Morgan Stanley
Morgan Stanley added Magna to the Best Ideas List based on strong 2015 catalysts as it transforms into a key enabler of the industry's new asset-light business model. Shares are Overweight rated with a $75 price target.
May 4, 2015
17:13 EDTMGAMagna, Chongqing Xingqiaorui to form JV
Magna International and Chongqing Xingqiaorui have agreed to form a strategic joint venture in China. Under the terms of the agreement, Cosma International, Magna's body and chassis operating unit, will hold a 53% stake in the JV, while Xingqiaorui will hold the remaining 47%. The transaction is expected to close in late 2015 or early 2016, subject to regulatory approvals.

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