1357 ET - Canadian auto parts maker Magna International says it is working to keep supply chains running smoothly. Magna is one of the session's biggest decliners after tariffs were imposed by the U.S. at midnight. Shares of the C$14.2-billion market cap company are down 3.6% to C$49.43, recovering from a low of C$48.22. Magna is down 18% year-to-date. "Despite the immediate implementation of these tariffs, we are working with our partners, trade associations, and government stakeholders to find solutions that maintain industry stability and minimize supply chain disruptions," a spokesperson tells the WSJ. "Our priority remains maintaining a stable work environment and ensuring our voice is heard in these critical discussions," he adds. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
March 04, 2025 13:57 ET (18:57 GMT)
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