N. America sales drop drives Magna to $215M loss in 3d qtr.

Nov 04, 2008 | 07:11 AM | Corinna Petry

Magna International Inc. posted a $215-million loss in the third quarter ended Sept. 30 on a 9-percent drop in net sales to $5.53 billion, citing lower North American production sales and complete vehicle assembly sales.

In the year-earlier quarter, the Aurora, Ontario-based Tier 1 automotive supplier recorded net income of $155 million on sales of $6.08 billion.....

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