Diversification among products, geographies and customers was key to auto part supplier Magna International’s (TSX:MG, Financial) resilience during the downturn. Although car volumes fell 20-30% in the first quarter of 2020, Magna’s auto technology sales remained stable due to the company’s broad mix.
From Bernard Horn (Trades, Portfolio)'s Polaris Global Value Fund second-quarter 2020 shareholder letter.
