Magna International expects full year 2007 consolidated sales between $US22.9bn and $24.2bn, based on full year 2007 light vehicle production volumes of approximately 15.5m units in North America and approximately 15.6m units in Europe.
Full year 2007 average dollar content per vehicle is expected to be between $770 and $800 in North America and between $375 and $400 in Europe. Complete vehicle assembly sales are expected to be between $3.4bn and $3.7bn.
Magna expects fixed assets expenditure will be in the range of $850m to $900m.
The diverse component maker and complete vehicle assembler posted sales of $17.8bn for the first nine months of 2006, a year on year increase of 5%.
During the same period, North American and European average dollar content per vehicle increased 6% and 11% respectively as North American and European vehicle production declined 1% and 3%,.
Complete vehicle assembly sales increased 2% to $3.132bn.
Nine-month operating income was $750m compared to $817m the previous year.