Auto parts maker Magna's sales fall 7 pct, hurt by strong dollar

Thu Nov 5, 2015 5:06am EST
 
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Nov 5 (Reuters) - Canadian auto parts maker Magna International Inc reported a 7 percent drop in quarterly sales, hurt by a strong dollar.

Net income attributable to Magna fell to $470 million, or $1.13 per share, in the third quarter ended Sept. 30, from $487 million, or $1.14 per share, a year earlier. (Reporting by Amrutha Gayathri in Bengaluru and Allison Lampert in Montreal; Editing by Maju Samuel)