“We have revised our Outlook for 2019 to reflect lower vehicle production globally. In addition, we are seeing margin pressure in our Power & Vision segment related to higher program engineering and other costs for certain new ADAS programs and at a Getrag joint-venture in China due to lower than previously anticipated sales. Despite these matters, we remain confident in our ability to outpace production in our markets, generate strong free cash flow, and create value for our shareholders.” - Don Walker, Magna’s Chief Executive Officer
“We have revised our Outlook for 2019 to reflect lower vehicle production globally. In addition, we are seeing margin pressure in our Power & Vision segment related to higher program engineering and other costs for certain new ADAS programs and at a Getrag joint-venture in China due to lower than previously anticipated sales. Despite these matters, we remain confident in our ability to outpace production in our markets, generate strong free cash flow, and create value for our shareholders.” - Don Walker, Magna’s Chief Executive Officer