Toronto Star logo Toronto Star 2 weeks ago

Magna International shares close up more than 14%

Shares of Magna International Inc. jumped more than 14 per cent in trading Friday after the auto parts company reported a third-quarter profit of $51 million and was reported to be involved in a new auto palant in Russia. Full Article at Toronto Star

Related Topics:

  1. General Motors
  2. Chrysler
  3. Suncor Energy Inc.

Related Articles

  1. Toronto Star logo
    Earnings report jolts stock
    2 weeks ago

    Magna International's stock price shot up more than 14 per cent Friday in its biggest one-day jump in 18 years after posting a surprise quarterly profit. Full Article at Toronto Star

  2. Canadian Business Online logo
    Shares of auto parts company Magna International up more than 10 per cent
    2 weeks ago

    TORONTO - Shares of Magna International Inc. (TSX:MG.A) jumped 15 per cent in trading Friday after the auto parts company reported a third-quarter profit of $51 million. Full Article at Canadian Business Online

  3. Bloomberg.com logo
    Magna Rises Most Since April After Profit Bucks Analysts' Loss Estimates
    2 weeks ago

    Nov. 6 (Bloomberg) -- Magna International Inc. , the auto- parts supplier that tried to buy a majority stake in General Motors Co.’s Opel unit, rose the most in seven months in Toronto after reporting an unexpected third-quarter profit. Full Article at Bloomberg.com

  4. Canadian Business Online logo
    Magna earns US$51M in Q3, reversing year-earlier loss despite sales decline
    2 weeks ago

    TORONTO - Magna International Inc. (TSX:MG.A) reported a small profit in the third quarter, reversing a year-earlier loss despite a 14.5 per cent decline in revenue. Full Article at Canadian Business Online

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Related Quotes

  1. My main concern was if you stress-test it (the five-year plan), can they get through disruptions over the next year or two? I now believe they can
    – Mike Jackson SOURCE: United Press International 2 weeks ago
  2. In light of the negative experiences of the last few years with the corporate politics of GM, I have great concerns about the future of the company and its jobs
    – Roland Koch SOURCE: MarketWatch 3 weeks ago
  3. What we have had is indications that the German authorities have, as we had requested, written to the Opel Trust and General Motors explaining that the aid would be available irrespective of the choice of investor or the plan
    SOURCE: New Europe News 1 month ago
  4. There is no reason to doubt the decisions made to date
    SOURCE: New Europe News 1 month ago
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  1. Spanish Industry Minister Miguel Sebastian attends a meeting with members of the European Parliament International Trade Commission in Madrid November 5, 2009.
  2. BERLIN - SEPTEMBER 10: John Smith (L), lead negotiator for U.S. carmaker General Motors, and Fred Irwin (R), Chairman of the Opel Trust Board, arrive to announce GM's final decision of the future of German carmaker Opel on September 10, 2009 in Berlin, Germany.
  3. RUESSELSHEIM, GERMANY - JUNE 03: Magna Co-Chief Executive Siegfried Wolf speaks during a news conference at the headquarters of German car maker Adam Opel GmbH, a subsidiary company of U.S. carmaker General Motors on June 3, 2009 in Ruesselsheim near Frankfurt am Main, Germany.
  4. TORONTO, ON - NOVEMBER 24: Musician John Mayer performs at The Sound Academy on November 24, 2009 in Toronto, Canada.
  5. Rush frontman Geddy Lee receives the International Achievement Award on behalf of the band during the 20th Annual SOCAN Awards gala in Toronto Monday, November 23, 2009.
  6. TORONTO, ON - NOVEMBER 21: Singer Dolores O'Riordan of The Cranberries performs at the Queen Elizabeth Theatre on November 21, 2009 in Toronto, Canada.
  7. TORONTO, ON - NOVEMBER 19: Actress Natalie Brown attends the American Express screening of ''The Twilight Saga: New Moon'' at the Winter Garden Theatre on November 19, 2009 in Toronto, Canada.
  8. TORONTO, ON - NOVEMBER 13: Actors Kellan Lutz (L) and Bronson Pelletier visit MuchOnDemand to promote their new movie 'The Twilight Saga: New Moon' at the MuchMusic HQ on November 13, 2009 in Toronto, Canada.

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