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Canada Stocks-TSX up after strong energy week, Magna up on demand

2016-02-27 03:58:09| Automakers - Topix.net

TORONTO, Feb 26 Canada's main stock index rose on Friday, helped by gains in some major banks and energy companies and by a jump in shares of auto parts maker Magna International Inc, which reported strong European and North American demand. Oil hit a seven-week high before settling lower as investors took profits at the end of a strong week for the commodity.

Tags: up week canada strong

 

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.

Tags: to impact dollar revenue

 
 

SPLT launching pilot rideshare platform with Magna

2016-02-23 21:56:15| Green Car Congress

Tags: platform pilot launching magna

 

Magna International Inc. (MG) Insider Jeffrey Owen Palmer Sells 105,000 Shares

2016-02-06 04:28:26| Automakers - Topix.net

Magna International Inc. insider Jeffrey Owen Palmer sold 105,000 shares of Magna International stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of C$44.61, for a total transaction of C$4,684,050.00.

Tags: international shares insider jeffrey

 

Magna expands in China with new engineering centre

2016-02-01 07:29:58| Automakers - Topix.net

In a bid to expand its footprint in China, Canadian automotive parts supplier Magna International Inc. has established a new seating engineering centre in the Xuhui District of Shanghai. In a statement, Aurora, Ont.-based Magna said that the newly established engineering centre will help it "match the pace of growth in the world's largest automotive market."

Tags: china centre engineering expands

 

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