Magna to build EVs for Xpeng, GAC in Austria with Chinese kits, report says [Yahoo! Finance]
Magna International, Inc. (MGA)
Last magna international, inc. earnings: 2/21 05:00 am
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Source: Yahoo! Finance
Graz, Austria, with semi-knocked down kits imported from China, according to Kleine Zeitung The contracts, which could be signed as early as June, will enable the two Chinese automakers to avoid paying hefty additional tariffs the European Union imposed on China-made EVs in October, the Austrian newspaper reported March 15. The deals will also bring much-needed new business to Magna Steyr, the vehicle contract manufacturing unit of Magna International, the paper said. But the two Chinese automakers are not expected to make sizable investments in the projects initially because they only need to assemble a small number of EVs to test market demand in Europe, the newspaper said. Starting Oct. 31, EV imports from China are subject to anti-subsidy tariffs of up to 35.3 percent on top of an existing 10 percent duty, following a probe by the European Commission, the executive body of the EU. Xpeng and GAC would face extra tariffs of 20.7 percent if they export EVs from China to mem
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MGA
News
- Magna International (TSE:MG) shareholders notch a 20% return over 1 year, yet earnings have been shrinking [Yahoo! Finance]Yahoo! Finance
- Xpeng in talks to localise production in Malaysia [Yahoo! Finance]Yahoo! Finance
- The 1 Canadian Dividend Stock I'd Buy in Any Market [Yahoo! Finance Canada]Yahoo! Finance Canada
- Magna International (NYSE:MGA) (TSE:MG) had its price target lowered by analysts at Wells Fargo & Company from $51.00 to $50.00. They now have an "equal weight" rating on the stock.MarketBeat
- Magna International (NYSE:MGA) (TSE:MG) had its price target raised by analysts at Morgan Stanley from $38.00 to $54.00. They now have an "equal weight" rating on the stock.MarketBeat
MGA
Earnings
- 10/31/25 - Beat
MGA
Sec Filings
- 11/5/25 - Form 6-K
- 10/31/25 - Form 6-K
- 10/31/25 - Form 6-K
- MGA's page on the SEC website