NEW YORK (

TheStreet

) -- Global auto-supplier

Magna International

(MGA) - Get Report

announced on Wednesday that it expects consolidated net sales to fall between $19.5 billion and $20.5 billion.

Magna's forecast is based on full year 2010 light vehicle production volumes of about 10.3 million units in North America and about 11.4 million units in Europe.

In addition, Magna International expects full year 2010 spending for fixed assets to be in the range of $750 million to $800 million. This amount reflects continuing investment to support new and replacement business in Magna's traditional markets as well as investment to expand into high-growth emerging markets.

In Magna's 2010 outlook, the company has assumed no significant acquisitions or divestitures.

-- Reported by Andrea Tse in New York

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Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.