We Are a High Tech Supplier: Magna CEO

The video discusses the company's order bookings and industry challenges, highlighting a strong first quarter with sales growth from $32 billion to over $36 billion. It covers regional performance, noting strong results in North America, Europe, and Asia, while South America remains challenging. Despite some slowness in North America, the company is growing faster than the global auto industry. The video emphasizes the company's focus on new technologies and its status as a high-tech supplier.

What is the expected sales growth for the company this year?

• From 30 billion to 34 billion U.S. dollars

• From 32 billion to over 36 billion U.S. dollars

• From 35 billion to 40 billion U.S. dollars

• From 28 billion to 32 billion U.S. dollars

Which regions have shown strong sales performance for the company?

• North America, Europe, and Asia

• South America and Africa

• Australia and the Middle East

• Central America and the Caribbean

What challenge is the company facing in South America?

• Regulatory issues

• Lack of technology

• Economic instability

• High competition

How is the company positioning itself in the global auto industry?

• By acquiring smaller companies

• By introducing high-tech solutions

• By expanding into new markets

• By reducing costs

What is the company's approach to new technologies?

• They make them proprietary

• They keep them open to the public

• They outsource them

• They sell them to competitors