Magna International Inc. Provides Earnings and Production Guidance for 2016 and Sales and Production Guidance for 2018
For 2016, the company expects total sales to be in the range of $34.6 billion - $36.3 billion, adjusted EBIT margin in high 7% range, interest expense of approximately $80 million, tax rate in the range of 25% - 26% and capital spending in the range of $1.8 billion - $2.0 billion.
For 2018, the company expects Light Vehicle Production - North America of 18.6 million units and Light Vehicle Production - Europe of 22.2 million units. Total production sales are expected to be in the range of $33.1 billion - $35.0 billion.