UPDATE 3-Canada's Magna posts higher profit, raises forecast

* Demand increases in Europe and Asia * Fiscal-year sales forecast raised for 2nd time in 3 months (Adds comments from call) Aug 11 (Reuters) - Magna International Inc reported a higher quarterly profit on increased demand in Europe and Asia, and the Canadian auto parts maker raised its full-year sales forecast for the second time in three months. Chief Executive Officer Don Walker told analysts on Friday that Magna would still focus on ...

Sign in to access this Newswire

"UPDATE 3-Canada's Magna posts higher profit, raises forecast" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642.

Current subscribers, please login or CLICK for support information.

Already registered? Log in here here.