Feb 24 (Reuters) - Magna International Inc MG.TO
* Magna announces fourth quarter and 2016 results
* Q4 sales $9.25 billion versus I/B/E/S view $9.21 billion
* Sees fy total sales $36.0 billion - $37.7 billion
* Sees fy capital spending approximately $2.0 billion
* Expect 2017 to be a strong year for magna
* Sees 2017 total production sales of $30.4 billion- $31.7 billion
* Sees fy north america light vehicle production 17.7 million
* Sees fy europe light vehicle production 21.7 million units
* Qtrly diluted earnings per share from continuing operations $1.24 Source text for Eikon: ID:nPn3nNnKYa Further company coverage: MG.TO