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Market Impact: 0.28
Magna International Sees Margin Growth, Cash Flow Gains Despite Flat Auto Production
Source: marketbeat.com
Corporate Guidance & OutlookCompany FundamentalsCapital Returns (Dividends / Buybacks)Automotive & EV
Magna International said it remains on track to expand margins and increase earnings despite relatively flat vehicle production. Management highlighted operational improvements, stronger free cash flow and higher capital returns as the principal drivers of its outlook.
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