Magna, in unusual step, lowers 2026 outlook on EV uncertainty, contract assembly woes

August 2, 2024

Magna International took the unusual step of lowering its outlook for its 2026 financial performance as it grapples with automakers reducing, postponing or canceling electric vehicle plans amid soft sales growth.

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Magna, in unusual step, lowers 2026 outlook on EV uncertainty, contract assembly woes

Previous PostTop 5 stories of the week: Stellantis sues dealership over fleet dispute; Toyota testing scandal widens

Next PostRearview camera recalls are becoming common. Here's why

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