Jan 15 (Reuters) - Magna International Inc MG.TO :
* MAGNA ANNOUNCES OUTLOOK
* FREE CASH FLOW IS EXPECTED TO INCREASE TO A CUMULATIVE TOTAL OF MORE THAN $6.5 BILLION IN 2019-2021 TIMEFRAME
* FOR 2019, SALES ARE EXPECTED TO BE NEGATIVELY IMPACTED BY ANNOUNCED DISPOSITION OF FLUID PRESSURE & CONTROLS BUSINES
* FOR 2019 SEES CAPITAL SPENDING ABOUT $1.7 BILLION
* OUTLOOK ANTICIPATES A SLIGHT DECLINE IN OUR EBIT MARGIN IN 2019
* OUTLOOK TO 2021 ANTICIPATES CONTINUED GROWTH IN TOTAL SALES AND IMPROVEMENT IN OUR EBIT MARGIN COMPARED TO 2018
* SEES 2019 TOTAL SALES $40.2 - $42.4 BILLION
* FOR 2019 SEES NET INCOME ATTRIBUTABLE TO MAGNA $2.1 BILLION - $2.3 BILLION
* OUTLOOK REFLECTS DIVESTITURE OF FLUID PRESSURE & CONTROLS BUSINESS, WHICH IS EXPECTED TO OCCUR AT THE END OF Q1 2019
* NORTH AMERICAN BUSINESS REFLECTS NEGATIVE IMPACT OF RECENTLY ANNOUNCED GENERAL MOTORS ASSEMBLY PLANT ACTIONS
* SEES 2021 TOTAL SALES $42.4 BILLION TO $45.4 BILLION
* SEES IN 2021 EUROPE LIGHT VEHICLE PRODUCTION 22.9 MILLION UNITS