Magna Europe in Euphoria

People ♦ Published: March 6, 2011; 02:25 ♦ (Vindobona)

The Austrian-Canadian automotive supplier intends to increase car production significantly.

Magna Europe in Euphoria / Picture: ©

After last year’s strong growth surge, Magna expects sales to grow strongly again this year. In 2010, the group recorded a sales increase of 50% after the business collapse of 2009.  "There is optimism again among the automakers, and if our customers grow, we will also benefit", says Günter Apfalter, President of Magna Europe.

Growth should continue taking place mainly in…