Magna is in a deep slide. Here’s why it’s worth a look

News Snapshot:

Magna International Inc. MG-T’s exposure to the struggling electric vehicle market is one of several factors that is weighing on the Canadian-based auto parts company. But with the stock trading near four-year lows, it’s hard to ignore the rebound potential here. Sure, it may be difficult to see the upside right now given the onslaught of challenges. When Fisker Inc. FSRN filed for bankruptcy this week, it offered a reminder of what Magna – and many other auto parts manufacturers – are up against. Though the EV startup was hardly established, its failure highlights several issues that many automakers are...