UK: Magna's sales growth tops 40% in first half of 2004
For a company that describes itself as the most diversified automotive supplier in the world, it perhaps should come as little surprise that its financial reporting is byzantine. Add on the fact that three of its subsidiaries are public - Decoma, Intier, Tesma - and the remaining (Magna Steyr, Cosma and Magna Donnelly) are wholly-owned subsidiaries and the recipe for complexity is complete.
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