Bright Outlook For Magna

IndustrialsAutomotive ♦ Published: January 14, 2011; 00:01 ♦ (Vindobona)

The Canadian/Austrian automotive component supplier today announced its financial outlook and expects a significant increase in sales as well as profits.

Bright Outlook For Magna / Picture: © Magna

Don Walker, Magna's Chief Executive Officer commented: "As 2011 begins, vehicle production is poised for future growth in a number of important markets for us, including North America.  Accordingly, the outlook reflects significant sales growth, including expansion in high-growth markets in the next few years.  We also have the balance sheet, cash flow generation, engineering and…