Automotive supplier Magna has announced its decision to sell its lighting and rooftop businesses. This strategic move indicates a restructuring of the company's portfolio.

Magna International announced robust financial results for its fourth quarter, exceeding expectations.

Bank of America has reinstated coverage of Magna International Inc. (MGA) with an $80 price target, indicating renewed analyst interest.

Magna International announced a rise in Q4 sales to $10.8 billion, with adjusted earnings per share jumping 29% to $2.18, indicating robust financial performance.