“Following our solid first quarter results, we have increased our 2021 outlook for sales and Adjusted EBIT margin. This is despite lower expected light vehicle production in North America, our largest market. Our increased outlook mainly reflects continued sales growth in China, ongoing strong operating performance and higher equity income than previously expected. We anticipate translating the higher expected sales and margin into increased free cash flow(2).” - Vince Galifi, Magna’s Chief Financial Officer
“Following our solid first quarter results, we have increased our 2021 outlook for sales and Adjusted EBIT margin. This is despite lower expected light vehicle production in North America, our largest market. Our increased outlook mainly reflects continued sales growth in China, ongoing strong operating performance and higher equity income than previously expected. We anticipate translating the higher expected sales and margin into increased free cash flow(2).” - Vince Galifi, Magna’s Chief Financial Officer