Magna’s FY 2024 net profit declines 16.8% year over year to $1 billion as sales remains stable at $42.8 billion

Briefing

The Canadian supplier forecasts financial year 2025 sales to be in the range from $38.6 billion to $40.2 billion

Magna’s net profit declined 16.8% year over year to $1 billion in the financial year ended Dec. 31, 2024.

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