An investment in Magna is an investment in our global reach, broad capabilities, culture of innovation and world class manufacturing practices. Learn more about these foundational elements of our business and why they should matter to you as an investor in Magna.

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Forward Looking Statements

From time to time, we make written or verbal statements that constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities legislation, including, but not limited to, statements relating to:

  • implementation of our business strategy, including our accelerated focus on innovation and refinement of our product portfolio through acquisitions, divestitures, joint ventures or otherwise;
  • the strategic benefits expected to result from the sale of substantially all of our interiors operations (the “Transaction”);
  • growth in China;
  • Magna's forecasts of light vehicle production in North America and Europe;
  • expected consolidated sales, based on such light vehicle production volumes;
  • production sales, including expected split by segment, in its North America, Europe, Asia and Rest of World segments for 2015;
  • complete vehicle assembly sales;
  • consolidated operating margin;
  • EBIT margin percentage in our operating segments;
  • in our effective income tax rate;
  • fixed asset expenditures;
  • the timing and success of new program launches;
  • implementation of our capital strategy, including investments in our business through capital expenditures and acquisitions, and returns of capital to our shareholders through divestitures and share repurchases; and
  • the implementation of improvement plans in our underperforming operations and/or restructuring actions, including the expected level of restructuring charges in 2015.

The forward-looking information in this website and related presentations/discussions are presented for the purpose of providing information about management's current expectations and plans and such information may not be appropriate for other purposes. Forward-looking statements may include financial and other projections, as well as statements regarding our future plans, objectives or economic performance, or the assumptions underlying any of the foregoing, and other statements that are not recitations of historical fact. We use words such as "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "believe", "intend", "plan", "forecast", "outlook", "project", "estimate" and similar expressions suggesting future outcomes or events to identify forward-looking statements. Any such forward-looking statements are based on information currently available to us, and are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. However, whether actual results and developments will conform with our expectations and predictions is subject to a number of risks, assumptions and uncertainties, many of which are beyond our control, and the effects of which can be difficult to predict, including, without limitation:

  • the impact of economic or political conditions on consumer confidence, consumer demand for vehicles and vehicle production;
  • fluctuations in relative currency values;
  • restructuring, downsizing and/or other significant non-recurring costs;
  • continued underperformance of one or more of our operating Divisions;
  • ongoing pricing pressures, including our ability to offset price concessions demanded by our customers;
  • our ability to successfully launch material new or takeover business;
  • shifts in market share away from our top customers;
  • inability to grow our business with OEMs;
  • shifts in market shares among vehicles or vehicle segments, or shifts away from vehicles on which we have significant content;
  • risks of conducting business in foreign markets, including China, India, Russia, Eastern Europe, Thailand, Brazil, Argentina and other non-traditional markets for us;
  • a prolonged disruption in the supply of components to us from our suppliers;
  • shutdown of our or our customers' or sub-suppliers' production facilities due to a labour disruption;
  • scheduled shutdowns of our customers' production facilities (typically in the third and fourth quarters of each calendar year);
  • our ability to successfully compete with other automotive suppliers;
  • reduction in outsourcing by our customers or the loss of a material production or assembly program;
  • the termination or non-renewal by our customers of any material production purchase order;
  • our ability to consistently develop innovative products or processes;
  • impairment charges related to goodwill and long-lived assets;
  • exposure to, and ability to offset, volatile commodities prices;
  • our ability to successfully identify, complete and integrate acquisitions or achieve anticipated synergies;
  • our ability to conduct appropriate due diligence on acquisition targets;
  • the consummation of the Transaction, including required antitrust and other regulatory approvals;
  • the satisfaction or waiver of conditions to complete the Transaction;
  • warranty or indemnity obligations to the purchaser in the Transaction in relation to pre-closing liabilities;
  • warranty and recall costs;
  • risk of production disruptions due to natural disasters or other catastrophic events;
  • the security and reliability of our IT systems;
  • pension liabilities;
  • legal claims and/or regulatory actions against us, including the ongoing antitrust investigations being conducted by German and Brazilian authorities;
  • changes in our mix of earnings between jurisdictions with lower tax rates and those with higher tax rates, as well as our ability to fully benefit tax losses;
  • other potential tax exposures;
  • changes in credit ratings assigned to us;
  • changes in laws and governmental regulations;
  • costs associated with compliance with environmental laws and regulations;
  • liquidity risks as a result of an unanticipated deterioration of economic conditions;
  • our ability to achieve future investment returns that equal or exceed past returns;
  • the unpredictability of, and fluctuation in, the trading price of our Common Shares; and
  • other factors set out in our Annual Information Form filed with securities commissions in Canada and our annual report on Form 40-F filed with the United States Securities and Exchange Commission, and subsequent filings.

In evaluating forward looking statements, we caution readers and listeners not to place undue reliance on any forward-looking statements and readers and listeners should specifically consider the various factors which could cause actual events or results to differ materially from those indicated by such forward-looking statements.

Unless otherwise required by applicable securities laws, we do not intend, nor do we undertake any obligation, to update or revise any forward-looking statements to reflect subsequent information, events, results or circumstances or otherwise.

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Stock quotes
Ticker: MGA MG
Exchange: NYSE TSX
Currency: US$ CDN$
Price: 54.8672.29
Change %: 0.021.73
Volume: 1,717,5951,367,624