Magna: Significant Increase in Sales and Earnings

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The Austrian/Canadian component supplier Magna posted sales of EUR 12.5 billion ($17.5 billion) for the nine months ended September 30, 2010, an increase of 47% from the nine months ended September 30, 2009. This higher sales level was a result of increases in North American, European and Rest of World production sales, complete vehicle assembly sales and tooling, engineering and other…