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Vince Galifi, CFO Magna International Inc. addresses shareholders during the 2013 annual general meeting of the company in Toronto May 10 2013.
Vince Galifi, CFO Magna International Inc. addresses shareholders during the 2013 annual general meeting of the company in Toronto May 10 2013.
(Fernando Morales/The Globe and Mail)

Magna warning threatens industrials’ success story

I’m really hoping Magna’s disappointing earnings guidance doesn’t become a trend in the industrials sector, not least because it’s a direct affront to my market outlook for 2014.