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Shares of Veoneer (NYSE: VNE) , the Swedish maker of radar systems, cameras, and night driving assistance electronics for automobiles , exploded 56.5% higher in 1:45 p.m. EDT trading Friday. This was despite the company having just reported what was -- in all honesty -- kind of an underwhelming quarter in its Q2 2021 earnings report.
And the reason for that is Magna International (NYSE: MGA) .