Magna International Inc. provided earnings and production guidance for 2016 and sales and production guidance for 2018. For 2016, the company expects Light Vehicle Production - North America of 18.0 million units and Light Vehicle Production - Europe of 20.9 million units. Total production sales are expected to be in the range of $30.3 billion - $31.6 billion.

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.