Magna International cuts 2019 outlook after GM strike in U.S. cuts volume

Magna International Inc. has cut its outlook for the year on lost volume from the nearly six-week strike by GM workers in the United States.

The Canadian auto-parts manufacturer, which reports in U.S. dollars, said Friday it now expects total sales this year of between $38.7 billion and $39.8 billion, down from between $38.9 billion and $41.1 billion.

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