Austria launches 38 billion euros aid fund, border checks with Germany [Reuters]
Magna International, Inc. (MGA)
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Source: Reuters
Austria launches 38 billion euros aid fund, border checks with Germany VIENNA (Reuters) - Austria will spend up to 38 billion euros ($42 billion) to secure jobs and keep companies afloat, Chancellor Sebastian Kurz said on Wednesday, joining other European countries providing more funds to limit the impact of the coronavirus pandemic. Roughly 1,650 people in Austria have been infected and four have died from the virus. The country has minimized air traffic, put ski regions under lockdown, closed its schools and most shops, urged Austrians to self-isolate, and introduced border controls with Italy, Switzerland and Liechtenstein. From midnight, Austria will also make checks at the German border, a measure that its northern neighbor introduced on Monday. “The border controls to Germany will be introduced today at midnight,” said Markus Wallner, governor of the province of Vorarlberg, which borders all three states, on Wednesday evening. “This is an Austria-wide measure.” Such controls cou
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- Magna International Inc. (NYSE: MGA) had its price target lowered by analysts at Morgan Stanley from $65.00 to $60.00. They now have an "overweight" rating on the stock.MarketBeat
MGA
Earnings
- 5/3/24 - Miss
MGA
Sec Filings
- 5/10/24 - Form 6-K
- 5/6/24 - Form 6-K
- 5/3/24 - Form 6-K
- MGA's page on the SEC website