Magna International Inc (NYSE:MGA)
$ 41.71 -0.45 (-1.07%) Market Cap: 11.99 Bil Enterprise Value: 19.03 Bil PE Ratio: 11.15 PB Ratio: 1.04 GF Score: 75/100

Magna International Inc Annual Shareholders Meeting Transcript

May 06, 2021 / 02:00PM GMT
Release Date Price: $96.06 (+2.29%)
Operator

Welcome to the Annual Meeting for Magna International Inc. Our host for today's call is Bill Young, Chairman of the Board. (Operator Instructions)

I would now like to turn the call over to your host. Mr. Young, you may begin.

William L. Young
Magna International Inc. - Independent Chairman of the Board

Thank you. Good morning. The meeting will now come to order. As Chairman of Magna's Board of Directors, I welcome everyone participating in this virtual annual meeting of shareholders of Magna International Inc.

Before I turn the meeting over to the Corporate Secretary, to handle the legal formalities. I would like to make a few general comments on behalf of the Board. It isn't possible to talk about 2020 without first addressing COVID and its impact. Pandemic strained the global fabric, affected our lives in ways we never imagined in many different levels. Nations and economies, companies and supply chains, social norms and workplace routines and to those who experienced tragedy through the loss of friends or loved ones, I offer my sincere

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