Magna International Inc (MGA) News

New Plant Near Detroit Makes Battery Structures for GM EVs

December 26, 2023
https://www.magna.com/products/power-vision/high-voltage-electrified-products

Magna International Inc NYSE: MGA

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Consumer Discretionary : Automobile Components | Large Cap Blend | Based in CanadaCompany profile
Magna International Inc. is a Canada-based global automotive supplier. The Company has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting, and roof systems. Its Veoneer Active Safety provides sensor, software and systems engineering solutions to a range of customers. The Company's segments include Body Exteriors & Structures; Power & Vision; Seating Systems; and Complete Vehicles. Its Body Exteriors & Structures include body structures, chassis structures, exterior, energy storage systems and other. Its Power & Vision products include electrified powertrain technologies, powertrain subsystems and other. Its Complete Vehicles consist of complete vehicle engineering and complete vehicle manufacturing. The Company's global network includes 341 manufacturing operations and 88 product development.
Possible golden cross

Magna Drives Pickup Truck Electrification With Its New eBeam Technology
https://www.magna.com/company/newsroom/releases/release/2021/03/11/news-release---magna-drives-pickup-truck-electrification-with-its-new-ebeam-technology

The New TSLA @300 before 2022 GL

LG+MAGNA+AEE=Apple Car!!!

The New TSLA. We be @300 with ICAR.

Here are my thoughts on Magna International:
Magna: Undervalued And Dividends Have Room To Grow

How'd that work out for you. Did you load a short position? I hope you did!

I don't always load up on non-biotechs...but when I do there is a GOOD reason. Should see some easy cash on this one next week.

$MGA NOTICE OF PRIVATE AGREEMENT PURCHASE
NOTICE IS HEREBY GIVEN THAT:
Magna International Inc.
Legal Department
337 Magna Drive
Aurora, Ontario, Canada L4G 7K1 MAIN (905) 726-2462
magna.com
On August 17, 2015, Magna International Inc. (“Magna”) entered into a private agreement with an arm’s length, third-party seller to purchase 560,000 (adjusted to reflect the two-for-one stock-split completed by Magna on March 25, 2015) of Magna’s Common Shares (the “purchased shares”) held by such seller for an aggregate purchase price of CDN 36,568,000. The purchase was made at a discount to the prevailing market price for Magna’s Common Shares and pursuant to an issuer bid exemption order issued by the Ontario Securities Commission. The purchased shares will be included in computing the number of Common Shares purchased by Magna under its existing Normal Course Issuer Bid.
August 17, 2015

This is the August 17th pdf file on record here: http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00001814

$MGA How low will it go! http://ih.advfn.com/p.php?pid=nmona&article=68295444

$MGA Buying the dip!!!

$MGA new 52wk high today! Lets break 60 bucks!!!!

Whats up? I smell $$$. 551 Ford!

Excellent news!

$MGA F/S. Buying all I can at these levels!

Cannacord Maintains Hold On Magna, Sees Slight Downside Ahead
http://www.smarteranalyst.com/2014/08/20/cannacord-maintains-hold-on-magna-sees-slight-downside-ahead/

Love this ticker.

Mega Uranium Ltd. & Cameco Australia Pty Ltd Enter Formal Binding Farm in & Joint Venture Agreement for Kintyre Rocks Project...

Mega Uranium Ltd. and Cameco Australia Pty Ltd Enter Formal Binding Farm in and Joint Venture Agreement for Kintyre Rocks Project, Western Australia
TORONTO, ONTARIO--(Marketwired - Jan 30, 2014) - On July 11, 2013 Mega Uranium Ltd. (TSX:MGA) ("Mega" or the "Company") announced that it had entered into a non-binding farm in and joint venture terms sheet ("Terms Sheet") with Cameco Australia Pty Ltd ("Cameco"), a wholly owned subsidiary of Cameco Corporation (TSX:CCO) (NYSE:CCJ), in respect of certain granted tenements and tenement applications that comprise Mega's Kintyre Rocks project, located in the East Pilbara region of Western Australia ("Project"). The Project, owned by Boxcut Mining Pty Ltd ("Boxcut"), a wholly owned subsidiary of Mega, immediately surrounds the lease containing the Kintyre uranium deposit, jointly owned by Cameco and Mitsubishi Development Pty Ltd ("Mitsubishi").

Mega is pleased to announce that it has now completed negotiations of, and entered into, a formal binding farm in and joint venture agreement for the Project with Cameco, in place of the Terms Sheet ("Definitive Agreement").

Pursuant to the Definitive Agreement:

Cameco may earn an initial 51% interest in the Project by sole funding expenditure for exploration activities of AUD$2 million within 24 months from the date of the Definitive Agreement (the "Stage 1 Farm In").
Upon Cameco earning a 51% interest in the Project, Boxcut and Cameco will form a joint venture for the purpose of maintaining and exploring, and, if justified, the development and mining of, the Project.
Cameco will be the operator of the Project during the Stage 1 Farm In period and the manager of the joint venture after the joint venture formation date.
Cameco may elect to earn an additional 19% interest in the Project (for an aggregate total interest of 70%) by sole funding expenditure for exploration activities of AUD$4 million (inclusive of the AUD$2 million expenditure to earn a 51% interest in the Project) within four (4) years from the date of the Definitive Agreement.
The Definitive Agreement otherwise contains terms, representations and warranties that are customary for an agreement of its kind. The Definitive Agreement represents a great opportunity for Mega to advance the exploration and development of the Project with a world class joint venture partner that has significant uranium exploration and other expertise in the area.

Mega looks forward to working with Cameco to advance the Project.

Kintyre Rocks Project, Western Australia

The Project comprises granted exploration licences E45/2690 and E45/2691, and applications for prospecting licences P45/2657, P45/2658 and P45/2659. These tenements surround the lease containing the Kintyre uranium deposit, jointly owned by Cameco and Mitsubishi. Within Mega's ground are geological settings analogous to that of the Kintyre deposit.

To view the map associated with this release, please visit the following link: http://media3.marketwire.com/docs/924833m.pdf

ABOUT MEGA URANIUM

Mega Uranium Ltd. is a Toronto-based mineral resources company with a focus on uranium properties in Australia, Canada and Cameroon. Further information on Mega can be found on the company's website at www.megauranium.com.

Great volume today. Long time we've seen this. Markets are heating up!

http://www.angelnexus.com/o/web/53912

Is anyone buying? Why?

This is such an easy one to ride the wave!

We are looking good today guys! My portfolio is definately in the green today!

Marked this board. I've been telling people to start
buying this. They tell me I'm nuts. They are wrong.

~NM

Magna looking good. -EOM

Our Customers
We are proud to provide content to many leading brands throughout the automotive world. We supply content to virtually every automotive manufacturer for every major brand including the following:

Acura
Aston Martin
Audi
Alfa Romeo
Bentley
BMW
Bugatti
Buick
Cadillac
Chery
Chevrolet
Chrysler
Citroen
Dacia
Daihatsu
Dodge
Dongfeng
FAW
Fiat
Ferrari
Ford
Geely
GMC
GMDAT (Daewoo) Great Wall
Hino
Honda
Hummer
Hyundai
Infiniti
Isuzu
Iveco
Jaguar
Jeep
Kia
Lamborghini
Lancia
Land Rover
Lexus
Lincoln
Lotus
Maserati
Maybach
Mazda
Smart
Mercedes-Benz
Mercury
MINI Mitsubishi
Nissan
Opel
Peugeot
Pontiac
Porsche
Renault
Renault Samsung
Rolls Royce
SAAB
Saturn
SEAT
Shanghai Automotive Industry Corp.
Skoda
Ssangyong
Subaru
Suzuki
Suzuki Maruti
Tata
Toyota
Vauxhall
Volkswagen
Volvo

Receivable insurance is generally carried by suppliers that depend on perhaps one or two customers or are in peril themselves, said Mr. Dreisig.

Two of the largest Canadian parts makers, Magna International Inc. and Martinrea International Inc., said their receivables are not insured.

Magna is carrying an estimated $1.6-billion in receivables from Chrysler, Ford and GM on its books, Standard & Poor's rating services said last week. It noted Magna has the financial resources to withstand the effects of a bankruptcy filing by one or more of the Detroit Three.