Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto
Baua Electric
MAY 4, 2024
Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. The company’s shares were down about 4% in early trade. billion to USD 44.2 billion to USD 45.4
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