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Magna International Inc.

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Magna focuses on innovation, technology & new launches for growth. It is focusing on growth of its lightweight thermoplastic liftgate modules as demand for crossovers and SUVs is rising. Also, Magna is expanding business through collaborations & acquisitions. The company announced that its Powertrain unit inked a deal to divest its global Fluid Pressure & Controls. With this divestiture, the Powertrain division of Magna is going to focus more on becoming full-system supplier of transmission and other driveline-related systems. However, it has lowered its 2019 and 2018 outlook due to lower light vehicle production, lower equity earnings in European transmission joint venture, higher costs in Body Exteriors & Structures segment and appreciating dollar. Also, higher tariff is a concern.


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