As the auto industry’s losses climbed, Magna felt the pressure to close the bridge.

up from 43 cents per share. The increased payment to shareholders came as it said it earned net income attributable to Magna of US$464 million or US$1.54 per diluted share for the quarter ended Dec. 31. The result compared with a profit of US$738 million or $2.45 per diluted share in the last three months…

As the auto industry’s losses climbed, Magna felt the pressure to close the bridge.