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Magna cuts 2019 outlook after GM strike in U.S. cuts volume

Posted on Fri, 08th of Nov, 2019 06:54:03 UTC

Magna says it now expects total sales this year of between $38.7 billion and $39.8 billion, a reduction of $1.3 billion on the top end of the range. A strike by UAW workers at General Motors plants across the United States lasted 40 days, costing suppliers. ... read news

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