The Globe and Mail reports in its Saturday edition that Magna International has cut its sales outlook amid weak demand and production plans for electric vehicles. The Globe's Eric Atkins writes that Magna chief executive officer Swamy Kotagiri on Friday said EV delays, cancellations and volume reductions at several customers will reduce the company's sales by about $4-billion (U.S.) in 2026. Magna is responding to the slowdown by slashing investments and capital expenditures to preserve free cash flow. Mr. Kotagiri on Friday said Magna was "taking actions at more than 40 divisions to restructure, consolidate or wind down operations." He cited a list of customers that have scrubbed or pushed back EV production amid softer demand. These include Ford's recent decision to scrap the EV transformation at its plant in Oakville, Ont., and delay production in Tennessee; GM's delay of full-size pickup and sport utility vehicle output in Michigan; and Tesla's pause in construction of a factory in Mexico. Also, three customers cancelled SUVs that were to be made at Magna Steyr in Austria: the electric Ineos Fusilier and the Fisker Ocean EV. Magna Steyr faced another blow after Mercedes-Benz ended production of its G-Class SUV.