Magna posted sales of $42.8bn for the year ended December 31, 2024, compared to $42.8bn for the previous year—a period in which global light vehicle production was substantially unchanged. Adjusted EBIT increased to $2.3bn for 2024 compared to $2.2bn for 2023. Magna typically provide outlooks for the current year and two years ahead. Recently, industry challenges including light vehicle production volatility, uncertain EV sales, OEM program recalibrations, market share shifts, and government policy turbulence have made forecasting more difficult. As a result, Magna are providing a current-year outlook and updating the 2026 outlook provided last year.
