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Auto parts firm Magna International expects 2020 sales to be down from 2019; Magna expects 2020 sales to fall from 2019

Jan 16, 2020 - The Canadian Press
Board and Executive Moves

AURORA, Ont. - Magna International Inc. says it expects sales in 2020 to fall compared with 2019 due to a stronger U.S. dollar, the sale of its fluid pressure and controls business and lower expected light vehicle production in Europe.

The auto parts company also says it has decided to conclude its self-driving technology partnership with Lyft as part of a change in the way it works with the ride-hailing company.

Magna says it expects to continue to collaborate in several areas relat...