Magna plans to expand manufacturing in North America to focus on EVs
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The Magna International Inc. logo is seen prior to the company's annual general meeting to begin in Toronto on Friday, May 10, 2013. Magna International Inc. is planning to expand its global manufacturing capacity to North America as it focuses on electric vehicle production. THE CANADIAN PRESS/Nathan Denette
TORONTO – Magna International Inc. is planning to expand its global manufacturing capacity to North America as it focuses on electric vehicle production.
In an investor presentation, Magna executives said the Aurora, Ont.-based auto parts company plans to become an industry leader in North America while aiming for carbon neutrality by 2030.