QUOTE AND NEWS
Market Intelligence Center  11 hrs ago  Comment 
Magna International Inc. (MGA) presents a trading opportunity that offers a 4.19% return in just 149 days. A covered call on Magna at the $90.00 level expiring on Mar. '15 offers an assigned return rate of 4.19% or 10.27% annualized. This trade...
Market Intelligence Center  Oct 16  Comment 
After closing Wednesday at $85.00, Magna International Inc. (MGA) presents an attractive opportunity to get a 3.76% return in just 155 days, which is an annualized return of 8.86% (for comparison purposes only). To enter this trade, sell one Mar....
Market Intelligence Center  Oct 6  Comment 
MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Magna International Inc. (MGA). Look at the Dec. '14 $95.00 covered call for a net debit in the $92.11 area. This trade has a...
newratings.com  Sep 30  Comment 
OTTAWA (dpa-AFX) - Magna International Inc. (MGA) said Tuesday that one of its subsidiaries has signed an agreement to buy the Techform Group of Companies, an automotive supplier of hinges, door locking rods and other closure products. Terms of...
Automotive World  Sep 24  Comment 
With the automotive manufacturing situation in Canada getting tougher, Magna International continues to expand overseas The post Magna International’s overseas expansions continue with plants in India appeared first on Automotive World.
Automotive World  Sep 23  Comment 
Will offer seating systems to the Indian commercial vehicle industryTata AutoComp Systems Limited (Tata AutoComp) and Magna International Inc. have signed a 50/50 Joint Venture agreement to provide seating systems to the Indian commercial vehicle...
Automotive World  Sep 19  Comment 
Magna International Inc. (TSX: MG; NYSE: MGA) today announced that the CADE (Conselho Administrativo de Defesa Economica), Brazil’s competition authority, has attended at the offices of a subsidiary in Brazil, in connection with an ongoing...
Automotive World  Sep 17  Comment 
Magna International announced today that it is supplying two innovative, industry-first systems on the BMW i8 plug-in electric sports car: outside mirrors with hidden turn signals and SmartLatch™, an electronic side-door latch system. The unique...
Insurance Journal  Sep 8  Comment 
HGGC, a middle market private equity firm, said it has completed a majority investment in Pearl Holding Group, a managing general agent (MGA) focused on the non-standard auto insurance market in Florida. As part of the transaction, Pearl’s...
SeekingAlpha  Aug 27  Comment 
By InvestAlike: Magna International (NYSE:MGA) is one of the largest and the most diversified auto-parts suppliers in the world. The company's stock value has appreciated by more than 40% in a year. Magna caters to those investors who prefer value...




 
TOP CONTRIBUTORS

Magna International Inc. is a leading component manufacturer, supplier of all wheel drive systems, and vehicle assembler. The company is one of the largest North American suppliers of original equipment components, assemblies, modules and systems, and related tools for cars and light trucks. The company is also a global supplier of technologically advanced automotive components, systems and modules. The company designs, engineers and manufactures a range of exterior, interior and powertrain systems. Magna also provides vehicle design, engineering, assembly and program management services to its customers. The company's operations are conducted through its global automotive systems groups. The company operates through three segments: North America, Europe, and Rest of World (consisting of primarily South America an Asia). DaimlerChrysler, Ford, and General Motors are the major customers of the company, collectively accounting for around 70% of Magna's revenue.


Magna enjoys a strong competitive position in the industry as it is one of the few providers of a complete range of interior and exterior auto systems to global auto companies. Increasing content per vehicle (CPV) is the main driver of Magna's growth. CPVs in both North America and Europe have been increasing over time.

The company is a major provider of interior and exterior systems to automotive companies. Some of the prominent new product launches driving CPV growth include Chevy Equinox, Chevy Cobalt, SAAB 9-3 and BMW X3. The key platforms boosting CPV growth rate in North America are Chrysler minivans, Chrysler Pacifica, Chrysler 300, 300c, and Ford F-150. Simultaneously in Europe, the Mercedes B class, Honda Civic, BMW01 series, and Land Rover discovery are supporting CPV growth. Recently, Magna agreed to develop and produce the MINI sports activity vehicle for the BMW Group. With this, the company expects its annual sales to be more than $1 billion. Magna also has a strong balance sheet with cash and cash equivalents amounting to $1.7 billion.

The company has strong relationships with GM, Ford, and DaimlerChrysler. It has been recognized as an important supplier by all these automakers. Additionally, the bankruptcy filing by the component supplier Delphi Corporation has provided Magna with various business opportunities. Moreover, MGA has been awarded the transfer case business by Nissan. These trends make us believe that MGA will gain new businesses in the coming quarters. Further, GM has launched new full-size SUVs that will further strengthen demand for MGA's product line.




References

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