麦格纳国际（MAGNA INTERNATIONAL）2025年第三季度财报（英文版）（52页）.pdf

1、Magna International Inc.Third Quarter Report 2025 MAGNA INTERNATIONAL INC.Managements Discussion and Analysis of Results of Operations and Financial Position Unless otherwise noted,all amounts in this Managements Discussion and Analysis of Results of Operations and Financial Position MD&A are in U.S

2、.dollars and all tabular amounts are in millions of U.S.dollars,except per share figures,which are in U.S.dollars.When we use the terms we,us,our or Magna,we are referring to Magna International Inc.and its subsidiaries and jointly controlled entities,unless the context otherwise requires.This MD&A

3、should be read in conjunction with the unaudited interim consolidated financial statements for the three and nine months ended September 30,2025 included in this Quarterly Report,and the audited consolidated financial statements and MD&A for the year ended December 31,2024 included in our 2024 Annua

4、l Report to Shareholders.This MD&A may contain statements that are forward looking.Refer to the Forward-Looking Statements section in this MD&A for a more detailed discussion of our use of forward-looking statements.This MD&A has been prepared as at October 30,2025.HIGHLIGHTS Comparing the third qua

5、rters of 2025 and 2024:Global light vehicle production increased 3%,including 6%,4%and 4%higher production in North America,Europe,and China,respectively.Total sales increased 2%to$10.5 billion,largely reflecting the launch of new programs,net strengthening of currencies against the U.S.dollar,parti

6、ally offset by the end of production of certain programs,including our complete vehicle assembly of the Jaguar I-Pace and E-Pace.In the third quarter of 2024 we recognized$196 million in Other income of previously deferred revenue related to our Fisker Inc.Fisker warrants since our agreement for man