Chinese ambassador pitches new EVs as first step to new Canadian jobs, cheaper cars [BNN Bloomberg (Canada)]
Magna International, Inc. (MGA)
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Source: BNN Bloomberg
“Only win-win co-operation can last,” Chinese Ambassador to Canada Wang Di told The Canadian Press on Wednesday. “All these projects will be beneficial to the development of the Canadian EV industry, and will be helpful for job growth in Canada, and will help Canadian consumers to be able to buy higher quality and more affordable cars,” Wang said through his interpreter. Prime Minister Mark Carney and Chinese President Xi Jinping signed an agreement last week that will allow Chinese electric vehicles into the country at a 6.1 per cent tariff rate. The deal includes an annual import quota of up to 49,000 Chinese EVs and requires that half of them have an import price of under $35,000 by 2030. Canada joined the U.S. in putting a 100 per cent tariff on Chinese electric vehicles in 2024. China has been accused of using unfair subsidies to build up its EV sector and of dumping vehicles in the North American market. The levy prompted China to slap tariffs on Canadian agricultural
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MGA
News
- ?????????????????????????????????????2035????4,669???????????? [CNET News]CNET News
- Magna International (NYSE:MGA) (TSE:MG) had its price target raised by analysts at Scotiabank from $52.00 to $57.00. They now have a "sector perform" rating on the stock.MarketBeat
- A Look At Magna International (TSX:MG) Valuation After Recent Share Price Pullback And 3 Month Recovery [Yahoo! Finance]Yahoo! Finance
- Magna International (NYSE:MGA) (TSE:MG) had its price target raised by analysts at Barclays PLC from $52.00 to $58.00. They now have an "equal weight" rating on the stock.MarketBeat
- Magna International Inc. Announces Date for Q4 & Year End 2025 Results and 2026 Outlook Webcast [Canadian Business Journal (Canada)]Canadian Business Journal
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