Still, another bright spot internationally for Magna International Inc. (USA) (NYSE:MGA) has come from China, which has helped the company triple its revenue from its “rest of world” segment since 2009. Given the success that General Motors Company (NYSE:GM) in particular has had in China, Magna’s ability to piggyback onto the automaker’s sales bodes well for its future prospects.
In Magna International Inc. (USA) (NYSE:MGA)’s quarterly report, be sure to compare the financial results the company releases with those from Johnson Controls, Inc. (NYSE:JCI)’ quarterly report late last month. With Magna fetching a much more reasonable valuation than Johnson Controls, Magna might eventually start getting looked at as a takeover candidate if the industry’s prospects keep improving.
The article How Auto Gains Are Driving Magna International’s Success originally appeared on Fool.com.
Motley Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool recommends Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM). The Motley Fool owns shares of Ford.
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