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Stock Market & Financial Investment News

News Breaks
May 9, 2014
08:46 EDTMGAMagna weakness creates buying opportunity, says RBC Capital
RBC Capital believes that Magna reported strong Q1 results and provided solid 2014 guidance. The firm raised its price target on the shares to $113 from $106 and keeps an Outperform rating on the stock.
News For MGA From The Last 14 Days
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September 4, 2014
06:02 EDTMGAGM supplier Magna begins construction on new Tennessee facility
Magna International (MGA) yesterday announced that it has started construction on a new, state-of-the-art manufacturing facility located in Spring Hill, Tennessee. The 122,500-square-foot facility will manufacture complete seat assemblies supplying General Motors' (GM) Spring Hill Assembly Plant. The plant will be fully operational in January 2015. The new facility becomes Magna's fifth location in Tennessee and is expected to employ approximately 75 people when it begins production next year.

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