North American woes hit Magna

Canadian supplier focuses intently on Russia and also expands its product strategy into driveline packaging (All figures are in Canadian Dollars ($) except when stated otherwise)

Magna International last year passed perennial No. 1 Delphi Corp. to become the largest supplier in North America, based on 2007 sales. But that milestone aside, the Canadian giant is feeling the ill effects of the severe downturn in sales in the United States – perhaps more so than it has in past times when US sales have been strong.