Reports Q3 revenue $10.28B, consensus $10.36B. “We continue to mitigate industry headwinds including lower production volumes in each of our core regions. Our ongoing initiatives and results to date reinforce our conviction in our free cashflow outlook this year and beyond. As we continuously seek to optimize value creation, we are resuming share repurchases in the fourth quarter – ahead of our prior plan,” said Swamy Kotagiri, Magna’s (MGA) CEO.
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