09:49 AM EST - Magna International Inc. : announced its financial outlook for 2013. All amounts are in U.S. dollars. The company foresees total production sales worldwide of $26.5-$27.5 billion, with complete vehicle assembly sales of $2.5-$2.8 billion, adding up to total sales of $31.3-$32.7 billion. In addition to 2013 sales outlook, we expect an increase in total production sales over the two-year period from 2013 to 2015 of approximately $2.2 billion, based on assumed full-year 2015 light vehicle production volumes of approximately 16.7 million units in North America and approximately 12.8 million units in Western Europe. Magna International Inc.
shares T.MG are trading down $0.42 at $50.76.
