Magna International Inc. provided earnings guidance for the year 2017 and 2019. For the year 2017, the company expected total production sales to be in the range of $30.4 billion to $31.7 billion, total sales of $36.0 billion to $37.7 billion, EBIT margin approximately 8%, interest expense approximately $90 million, tax rate of 25% to 26% and capital spending approximately of $2 billion. For the year 2019, the company’s expected total production sales to be in the range of $34.1 billion to $36.0 billion, and total sales of $43.5 billion to $46.2 billion.