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Magna International Targets $48 Billion in Sales by 2030, Plans Major Share Buyback

Published by MarketBeat · United States 13 min ago

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Detailed summary

Magna International (NYSE:MGA) outlined targets for higher sales, margins and cash flow through 2030 at its investor day, and said it intends to complete a new share repurchase authorization of almost 26 million shares over the next 12 months. The automotive supplier’s plan assumes global light veh

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