Magna cuts 2019 outlook after GM strike in U.S. cuts volume

Magna cuts 2019 outlook after GM strike in U.S. cuts volume

Magna says it now expects total sales this year of between $38.7 billion and $39.8 billion, a reduction of $1.3 billion on the top end of the range. A strike by UAW workers at General Motors plants across the United States lasted 40 days, costing suppliers.

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