Magna reports Q1 profit down from year ago, takes charge related to Fisker

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Magna International Inc. says its first-quarter profit fell compared with a year ago as it recorded US$316 million in asset impairments and restructuring costs related to troubled electric vehicle company Fisker.

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Magna reports Q1 profit down from year ago, takes charge related to FiskerTORONTO — Magna International Inc. says its first-quarter profit fell compared with a year ago as it recorded US$316 million in asset impairments and restructuring costs related to troubled electric vehicle company Fisker.
Source: SooToday - 🏆 8. / 85 Read more »

Fisker slashes Ocean price in CanadapFisker Inc. has drastically slashed Canadian pricing of its electric Ocean crossover, the automaker’s only available vehicle, by nearly 39 per cent./p
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