When a caller asked about Magna International Inc. (NYSE:MGA), Cramer noted that the auto industry is the wrong place to be these days. “Oh, I gotta tell you, the autos are the worst place to be.

MGA's positive FCF outlook and robust dividend ... This is especially true considering the slower global vehicle production in FY 2024 as compared to last year, as quoted below.

The company anticipates a 2% decline in weighted global vehicle production in 2025. Magna International Inc (NYSE:MGA) expects less volatility from OEM program recalibrations in 2025, which may ...

Despite continued industry headwinds, and lower vehicle sales in certain markets, Magna International (NYSE:MGA) earned a better-than-expected profit despite a very modest improvement in revenue.

As previously reported, BofA downgraded Magna (MGA) to Neutral from Buy with a price target of $48, down from $52, after the firm lowered its ...