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Magna reports Q2 loss of USD 156 million, affected by Russia, higher costs
On July 29, Magna International reported its Q2 2022 financial results.
Sales were USD 9.36 billion, an increase of 3.6% over the second quarter of 2021, as global light vehicle production increased approximately 2%, largely driven by a 14% increase in North America.
Adjusted EBIT of USD 358 million in the second qua....
Sales were USD 9.36 billion, an increase of 3.6% over the second quarter of 2021, as global light vehicle production increased approximately 2%, largely driven by a 14% increase in North America.
Adjusted EBIT of USD 358 million in the second qua....
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