Magna’s Quarterly Profit Dips
February 27, 2008
Magna International Inc., Canada's largest auto-parts maker, posted fourth-quarter profits that dipped to the equivalent of $28 million, from $29 million a year ago.
Magna, in which Russian billionaire Oleg Deripaska purchased a $1.54 billion stake last year, was among the bidders for Chrysler in 2007.
Posted by Michelle Krebs at 4:57 AM under Business , Companies | Comments (0) | digg this | Seed Newsvine
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