MGA - Magna to Hold Virtual Investor Event Updates 2025 Outlook | Benzinga
- Company to present its unique market position and progress on its Go-Forward Strategy
- Well positioned for transforming industry and growth in addressable markets
- Updated 2025 outlook reflects active safety acquisition
AURORA, Ontario, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG, NYSE:MGA), a mobility technology company and global leader in the automotive industry, will hold a virtual investor event today. Magna's Chief Executive Officer, Swamy Kotagiri and Chief Financial Officer, Pat McCann will present on the company's unique position in the market, systems-level capabilities and Go-Forward Strategy to power profitable growth.
"We are excited to update investors on our strategic progress and the tremendous opportunities we see in the transforming industry where our addressable markets continue to grow," said Swamy Kotagiri, Magna CEO.
The presentation and question and answer session will run from 9:00 a.m. to 10:30 a.m. ET. To view the webcast, participants can register by clicking here. The live stream will begin at 9:00 a.m. ET.
To ask a question during the question & answer session, please dial:
| RESERVATION # 22027877 |
| Toll-Free France: 0-800-913-554 |
| Toll-Free Germany: 0-800-180-0036 |
| Toll Switzerland: 0-800-836-320 |
| Toll-Free United Kingdom: 0-800-528-2796 |
| Toll-Free North America: 1-800-768-8804 |
| Toll International: 1-303-223-0118 |
| REBROADCAST INFORMATION Replay available 2 hours after event until September 21, 2023 |
| North America: 1-800-558-5253 |
| International: 1-416-626-4100 |
2025 OUTLOOK
Our 2025 Outlook below has been updated solely to reflect the acquisition of Veoneer Active Safety. All other 2025 assumptions and financial information are unchanged from our 2025 Outlook previously provided in our press release dated February 10, 2023.
2025 Outlook Assumptions
| Current |
| Previous |
| Light Vehicle Production (millions of units) |
| North America |
| 16.5 |
| 16.5 |
| Europe |
| 17.5 |
| 17.5 |
| China |
| 29.0 |
| 29.0 |
| Average Foreign exchange rates: |
| 1 Canadian dollar equals |
| US$0.750 |
| US$0.750 |
| 1 euro ... |