Magna says gm strike likely to reduce 2019 revenue by about $500 mln

Magna international says getrag joint-ventures have had challenges, including declining take-rates for manual transmissions and lower volumes in china - conf call.magna international says business planning activity has led to lower volume and free cash flow projections for getrag’s jvs, resulting in $537 million impairment charge - conf call.magna international says wouldn’t anticipate anything to change much for magna in the near term due to the fiat chrysler and peugeot deal - conf call.magna international says gm strike likely to reduce 2019 revenue by about $500 million - conf call.magna international says gm strike likely to have a negative 30 basis impact to consolidated margins for 2019 - conf call.magna international says continued softness in china will translate into some headwinds on equity income post 2019 compared to co’s prior expectation- conf call.
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