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.
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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%,.
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By GlobalDataComplete vehicle assembly sales increased 2% to $3.132bn.
Nine-month operating income was $750m compared to $817m the previous year.
