Magna International reports record sales in 2014

August 12, 2014

Magna International, based in Ontario, Canada, has posted record sales of $9.46 billion for the second quarter ended June 30, 2014, an increase of 6% over the second quarter of 2013.

During the second quarter of 2014, income from operations before income taxes was $692 million, net income attributable to Magna International Inc. was $510 million and diluted earnings per share were $2.32, increases of $149 million, $95 million and $0.54 respectively, each compared to the second quarter of 2013.

“We achieved this sales increase in a period when vehicle production increased 3% in North America and 2% in Europe, both relative to the second quarter of 2013. In the second quarter of 2014, our North American, European and Asian production sales increased, while Rest of World production sales, complete vehicle assembly sales and tooling, engineering and other sales decreased,” the company stated.

Magna also reported record sales of $18.43 billion for the six months ended June 30, 2014, an increase of 6% from the six months ended June 30, 2013. This higher sales level reflected increases in North American, European and Asian production sales, as well as complete vehicle assembly sales, partially offset by decreases in Rest of World production sales and tooling, engineering and other sales.

“Our success is primarily dependent upon the levels of North American and European car and light truck production by our customers and the relative amount of content we have on various programs,” the company added. 

Powder Metallurgy Review magazine:

Your email address:

Useful links: Download PM Review magazine | News headlines | Browse articles 

Powder Metallurgy Review magazine cover

In the latest issue of PM Review…

Download PDF

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

  • Hot Isostatic Pressing for the production of large, near-net shape components
  • Safeguarding PM part usage in a new automotive industry
  • How to make metal powders., Part 3
  • Company profile: Jiangxi Yuean Advanced Materials

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

From the industry…

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
Download PDF
Share via
Copy link