Magna (MGA) 2020 Q4 Earnings Report
Magna International Inc. (NYSE:MGA) history dates back to 1957 when founder Frank Stronach opened a one-man tool and die shop in Toronto and named it Multimatic. A couple of years later, the company secured the first major contract from General Motors to manufacture metal sun visor brackets.
The company went public in 1969 by merging with Magna Electronics, a defense and aerospace component manufacturer. Magna continued to grow its international presence over the years, besides expanding into new segments and launching innovative products and systems for the automotive industry. Today, it is a leading automotive supplier with annual sales exceeding $32 billion.
Monday s analyst upgrades and downgrades - The Globe and Mail
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Magna Announces Fourth Quarter 2020 Results and Outlook
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