Magna Q1 FY 2025 sales slips 8.2% year over year to $10.1 billion
Magna has revised its full-year guidance for financial year 2025, expecting sales ranging from $40 billion to $41.6 billion, compared to $38.6 billion to $40.2 billion projected earlier.
Magna has reported an 8.2% year-over-year decline in sales to $10.1 billion in the first quarter that ended March 31, 2025, the Canada-based automotive supplier said in a press release on March 2.
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