Magna International has announced the company is investing $470 million into Ontario-based facilities. The auto parts manufacturer will grow its locations in Guelph, Belleville, Newmarket, Windsor and Penetanguishene. The company is also building a new […]
Earlier this week, the joint venture LG Magna e-Powertrain broke ground on their new Ramos Arizpe, Mexico plant. The Ramos Arizpe location is no accident. As the joint venture will supply the nearby General Motors […]
Fresh off securing a $5 billion electric vehicle (EV) battery plant from Stellantis and LG Energy Solutions in Windsor, the province of Ontario has landed another large EV-related deal. Canadian auto parts manufacturer Magna International has […]
Magna International has announced it will be joining forces with Israel’s REE Automotive Ltd. to develop modular electric vehicles (MEVs). Based in Aurora Ontario, Magna will use their experience in vehicle systems integration and manufacturing […]
Electric vehicle (EV) startup Fisker has announced it has entered into an agreement with Magna International to build its upcoming electric SUV. Earlier this summer Fisker also announced it was going public through a reverse merger, […]
