Magna Squeezing More Profit From Mercedes Boom

Magna Squeezing More Profit From Mercedes Boom

Tim Rue/Bloomberg

Magna has been benefiting from partnerships with German automakers such as Daimler AG, maker of Mercedes-Benz, Bayerische Motoren Werke AG and Volkswagen AG. The carmakers are making inroads in the U.S. as auto sales post their best start to the year since 2007.