“Considering the extent of the unexpected production disruptions in the second quarter as a result of the semiconductor chip shortage, we were pleased with our overall performance for the quarter. I attribute this to our operating model, which allows us to remain flexible and nimble in adapting to changes in the production environment. We continue to be highly focused on driving operational excellence across the Company to ensure we further enhance our competitive position in the industry.” - Swamy Kotagiri, Magna's Chief Executive Officer
“Considering the extent of the unexpected production disruptions in the second quarter as a result of the semiconductor chip shortage, we were pleased with our overall performance for the quarter. I attribute this to our operating model, which allows us to remain flexible and nimble in adapting to changes in the production environment. We continue to be highly focused on driving operational excellence across the Company to ensure we further enhance our competitive position in the industry.” - Swamy Kotagiri, Magna's Chief Executive Officer