Seetarama Kotagiri, CEO of Magna International, discusses the company’s Q3 earnings that missed analyst estimates and their plans to resume share buybacks in Q4
Magna also cut its full-year sales guidance amid a slowdown in global light vehicle production, but the reduction was by less than analysts had feared. But he added that Magna remains focused on making improvements within its own operational control, “rather than getting into the business of predictions of where the market is at its lowest.”
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