Senator Presses Tesla, GM on Possible Links to Forced Labor in China [BNN Bloomberg (Canada)]
Magna International, Inc. (MGA)
Last magna international, inc. earnings: 2/21 05:00 am
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Source: BNN Bloomberg
The Democrat from Oregon sent letters to the automakers and top suppliers Tuesday. Wyden is requesting details about their efforts to ensure that none of the materials in their cars come from regions like Xinjiang, where the US and others have alleged that China has pushed ethnic minorities into jobs programs. The scrutiny comes amid a US crackdown on goods from Xinjiang. Under a law passed in late 2021, materials even partially made in the region can't be imported to the US. The Senate Finance Committee, which Wyden chairs, launched an investigation last year into whether major automakers are using parts made with forced labor from Xinjiang. In the letters sent Tuesday, Wyden asks whether the car companies maintain a list of “foreign-language names” of suppliers. He's also seeking the names of their five largest so-called tier 1 suppliers — which provide parts directly to the automaker — that have direct or indirect sub-suppliers in China. “Information I have learned from the
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MGA
News
- Uber, Nvidia-backed Serve Robotics hits public markets with $40M splash [TechCrunch]TechCrunch
- Uber, Nvidia-backed Serve Robotics hits public markets with $40M splash [Yahoo! Finance]Yahoo! Finance
- Magna International Inc. (NYSE: MGA) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Magna Announces Date for Q1 2024 Results Call [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Magna Announces Date for Q1 2024 Results CallGlobeNewswire
MGA
Earnings
- 2/9/24 - Miss
MGA
Sec Filings
- 4/2/24 - Form 6-K
- 3/29/24 - Form 6-K
- 3/28/24 - Form 40-F
- MGA's page on the SEC website