Magna 1st quarter profits up 44%

News
May 16, 2011

May 16, 2011

Magna International Inc reported better than expected 1st quarter profits of $322 million, up 44% on the same period in 2010, with sales up by 34% to $7.2 billion. Magna is said to be the world’s No.3 automotive parts supplier and the company attributed the gains to big increases in vehicle production in Europe and North America.

Complete vehicle assembly sales increased 51% to $674 million for the first quarter of 2011 compared to $446 million for the first quarter of 2010, while complete vehicle assembly volumes increased 85% to approximately 33,000 units.

www.magna.com  

 

 

News | Articles | Market reviews | Search directory | Subscribe to e-newsletter

 

www.ipmd.net

News
May 16, 2011

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Phoenix Sintered Metals: A story of transformation, growth and community from America’s PM heartland
  • World PM2024 Yokohama: The stage is set for the PM industry to find a path to sustainable growth
  • The state of Europe’s hard magnets industry and the challenge of optimising the mass production of Nd2Fe14B permanent magnets

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link