Among the stronger companies is the largest North American supplier, Canada's Magna International (MGA), which makes everything from power trains to roofs and bodies. Despite a first-quarter loss, it is in talks to buy a stake in Opel, GM's German unit. However, a sudden run-up in the stock -- from about 20 in early March to the high 30s now -- makes it look pricey. And Standard & Poor's has put Magna on its credit watch list, with negative implications.

0.26

Q: How do you feel about Magna International at this point?

A: Magna [MGA] is also interesting. We rate it neutral and at the current price it is not one we are recommending. But if you take a longer view it might be something to look at as it relates to growth in Russia.

89.47%

Manufactures of Lighter Cars


( have 670 million contract with Chrysler might pull back again...for more fuel efficiency?.) I need to understand better..
7/24 $91.79 52wk $97
possible strong earnings report??? (not based on solid info)

b

Upgraded by Goldman Sachs from Sell to Neutral

Magna builds Chrysler and BMW vehicles plus Magna has the new technolgy and is building large new car plants in Russia and China

Downgraded by Goldman Sachs from Neutral to Sell

Downgraded by UBS from Buy to Neutral