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Magna feels impact of U.S. dollar; Q4 revenue declines 3% to US$8.6 billion

2016-02-26 14:33:18| Automakers - Topix.net

Magna International Inc. says the strong American dollar had a significant negative impact on its fourth-quarter revenue, which is reported in U.S. currency. The Canadian autoparts giant based in Aurora, Ont., says its sales for the last three months of 2015 were $8.6 billion, down three per cent from $8.8 billion a year earlier.

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