Bernard Aybouts - Blog - MiltonMarketing.com

Magna executives pay no price for Russian misadventure

By |April 28, 2023|Tech News|

Magna executives pay no price for Russian misadventure. Magna International Inc.’s MG-T +0.26%increase extensive network of Russian manufacturing plants turned from asset to liability after Vladimir Putin ordered the invasion of Ukraine in February, 2022. Facing worldwide pressure to exit the country, Magna ultimately took a US$376-million non-cash charge to suspend production[ ► ]

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