Strong Plus in Sales for Magna

IndustrialsAutomotive ♦ Published: August 5, 2011; 13:20 ♦ (Vindobona)

The Canadian component supplier increased sales by 29% to $ 14.5bn. In Austria, the company employs approximately 11,000 people.

Strong Plus in Sales for Magna / Picture: © Magna

Magna posted sales of $ 7.3bn (€ 5.16bn) for the second quarter ended June 30, 2011, an increase of 24% from the second quarter of 2010. The sales increase was achieved in a period when vehicle production increased 2% in Western Europe and was essentially level in North America, the company emphasized. In the first six months ended June 30, 2011, sales amounted to $ 14.5bn (€…