The Globe and Mail reports in its Saturday edition that Magna International's stock price fell on Friday after the company swung to a loss in its latest quarter and lowered its sales outlook for the year. A Canadian Press dispatch to The Globe reports that Magna reduced its North American production forecast by about 100,000 units to 14.9 million and lowered its European forecast by 200,000 units to 16.6 million, "both reflecting current market conditions," said chief financial officer Philip Fracassal on Friday. Its China production assumptions remain unchanged at 32 million. Magna now expects sales for 2026 to total between $41.5-billion and $43.1-billion, down from its earlier forecast for between $41.9-billion and $43.5-billion (all figures U.S.). On Friday, Magna also reported a loss of $12-million in its first quarter compared with a profit of $146-million a year earlier. On an adjusted basis, Magna earned $1.38 a share in the quarter compared with an adjusted profit of 78 cents per share a year earlier. Sales totalled $10.38-billion for the quarter, up from $10.07-billion in the first quarter of 2025. The auto industry is preparing for challenges as the review of the US-Mexico-Canada Agreement begins in July.