Magna International looks to grow faster than overall automotive market

Summary

• Magna International Inc. targets at least 15 per cent compounded annual growth in adjusted earnings per share through 2030.
• The company aims for organic sales growth of two to four per cent above the market on a compounded annual basis over the same period.
• Strategy to outpace the overall automotive market involves expanding content per vehicle, adding new customers, entering new regions, and growing in non-automotive sectors.
• Magna plans to increase its adjusted earnings before interest and taxes margin by 200 basis points or more from 2026 through 2030.
• CEO Swamy Kotagiri stated the targets reflect confidence in the company's strategy, capabilities, and future opportunities.
• The report was first published by The Canadian Press on Nov. 11, 2026.