QUOTE AND NEWS
Market Intelligence Center  Dec 15  Comment 
Magna International Inc. (MGA) presents a trading opportunity that offers a 5.33% return in just 95 days. A covered call on Magna at the $100.00 level expiring on Mar. '15 offers an assigned return rate of 5.33% or 20.48% annualized. This trade...
Automotive World  Dec 12  Comment 
Jeff Conklin, Engineering Department Manager, Magna International’s Cosma Engineering, has been confirmed as a speaker in the Vehicle Lightweighting at Automotive Megatrends USA 2015, which takes place on 17 March 2015. Jeff Conklin is an...
Insurance Journal  Dec 4  Comment 
Hub International Limited, a global insurance brokerage, announced that its subsidiary Hub Financial Inc. has acquired the shares of MGA Partners Inc., an Ontario Canada-based managing general agency. Terms of the acquisition were not disclosed....
Insurance Journal  Nov 13  Comment 
The Independent Insurance Agents of Texas (IIAT) announced it is continuing its tradition of providing insurance markets for small independent agencies with the acquisition of Dallas-based managing general agency LevelFirst LLC. Operating as IIAT...
Insurance Journal  Nov 13  Comment 
Ryan Specialty Group (RSG), the global specialty insurance services business based in Chicago, has announced the appointment of Mark Peeters as CEO of a new London-based managing general agent (MGA) specializing in directors & officers insurance....
Automotive World  Nov 11  Comment 
Magna International Inc. is taking electronic safety and driver assistance to a new level with the launch of its EYERIS™ Gen 2.5 vision system. The new EYERIS Gen 2.5 system has entered the market on the 2014 Cadillac ATS and Dongfeng Honda...
newratings.com  Nov 5  Comment 
OTTAWA (dpa-AFX) - Canadian auto-parts supplier Magna International Inc. (MGA, MG.TO) Wednesday reported higher third-quarter profit, as sales increased 6 percent, benefited by vehicle production increases in North America and Europe. For the...




 
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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