Business
Correction Notice to Second Quarter and Year to Date Results Press Release regarding "Complete Vehicle Assembly" Sales
AURORA,ON, Aug. 10, 2012 /CNW/ - Magna International Inc. (TSX: MG; NYSE: MGA) Please not...
About this update from Magna International Inc.
[{"type":"text","content":"\n\n\n\n\n\nAURORA,ON, Aug. 10, 2012 /CNW/ - Magna International Inc. (TSX: MG; NYSE: MGA) Please note the correction below to our press release titled \"Magna\n Announces Second Quarter and Year to Date Results\" which was\n distributed on Thursday, August 9, 2012.  We apologize for any\n inconvenience.\n\n\nThe corrected amount (originally disclosed as $615) is underlined in the\n table below.\n\n\n\n\n\nManagement's Discussion and Analysis of Results of Operations and\n Financial Position\n\n\nRESULTS OF OPERATIONS - FOR THE THREE MONTHS ENDED JUNE 30, 2012\n\n\nSales \n\n\n \n\n\nFor the three months ended June 30,\n\n\n \n\n\n \n\n\n2012\n\n\n \n\n\n \n\n\n2011\n\n\n \n\n\n \n\n\nChange\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nVehicle Production Volumes (millions of units)\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nNorth America\n\n\n \n\n\n3.985\n\n\n \n\n\n \n\n\n3.103\n\n\n \n\n\n+\n\n\n28%\n\n\n \n\n\nWestern Europe\n\n\n \n\n\n3.307\n\n\n \n\n\n \n\n\n3.548\n\n\n \n\n\n-\n\n\n7%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nSales\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nExternal Production\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nNorth America\n\n\n$\n\n\n3,907\n\n\n \n\n\n$\n\n\n3,533\n\n\n \n\n\n+\n\n\n11%\n\n\n   \n\n\n \n\n\nEurope\n\n\n \n\n\n2,249\n\n\n \n\n\n \n\n\n2,258\n\n\n \n\n\n \n\n\n  —\n\n\n \n\n\n \n\n\nRest of World\n\n\n \n\n\n415\n\n\n \n\n\n \n\n\n335\n\n\n \n\n\n+\n\n\n24%\n\n\n \n\n\nComplete Vehicle Assembly\n\n\n \n\n\n645\n\n\n \n\n\n \n\n\n728\n\n\n \n\n\n-\n\n\n11%\n\n\n \n\n\nTooling, Engineering and Other\n\n\n \n\n\n511\n\n\n \n\n\n \n\n\n484\n\n\n \n\n\n+\n\n\n6%\n\n\nTotal Sales\n\n\n$\n\n\n7,727\n\n\n \n\n\n$\n\n\n7,338\n\n\n \n\n\n+\n\n\n5%\n\n\nABOUT MAGNA\n\n\nWe are a leading global auto...