Magna International Revs Up the Revenue

It’s 2026, and the global car market is stuck in neutral. According to the S&P Global Mobility AutoIntelligence, global automotive sales may park at 91.86 million units, crawling just 0.2% from its 2025 figure. North America is holding steady at 15.08 million. The cooling battery electric vehicle (BEV) frenzy means a pivot toward hybrid and range-extended EV components. According to the latest data released by the China Association of Automobile Manufacturers (CAAM), China’s market may continue to flex its muscles. The organization is projecting sales of 34.75 million units. For Magna International, this fragmentation is a strategic opening. As Western…