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Magna International Inc T.MG

Alternate Symbol(s):  MGA

Magna International Inc. is a Canada-based mobility technology company. The Company is a global automotive supplier that has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting and roof systems. It also has electronic and software capabilities across many of these areas. Its segments include Body Exteriors & Structures; Power & Vision; Seating Systems, and Complete Vehicles. Its products include Battery Enclosures, Body-in-White Solutions, Chassis Systems, ADAS and automated driving, control modules, active aerodynamics, exterior systems and modules, lighting, mechatronics, mirrors, electrified powertrain products, Complete Vehicle Engineering and others. Its global network includes approximately 343 manufacturing operations and 105 product development, engineering and sales centers spanning 28 countries.


TSX:MG - Post by User

Bullboard Posts
Comment by 11Familyguy11on Jul 20, 2015 5:37pm
93 Views
Post# 23942448

RE:Note to familyguy11

RE:Note to familyguy11Wow gold did take a huge hit today.  What I'm trying to say is Magna is currency sensitive the stock fell when the euro went down, it has since recovered.  With Chinese currency basically pegged to the U.S. dollar, it's stable.  We have a ton of manufacturing facilities there and a growing middle class wanting to buy a car.  Getrag produces a lot of transmissions for Chinese auto companies, so having a stable currency is important, I feel by adding gold it only makes it more stable, it's my opinion.    It will be interesting to see what q2 brings.
Bullboard Posts