Magna Plans 40 New Sites

People ♦ Published: March 12, 2012; 15:02 ♦ (Vindobona)

The automotive component supplier intends to establish new sites in Eastern Europe and South America.

Magna Plans 40 New Sites / Picture: ©

The group sees itself as winner of the cooperation trend in the global automotive industry. According to Günther Apfalter, CEO of Magna Europe, the alliance between General Motors and PSA Peugeot could bring new growth to Magna. Also the alliance between Renault and Daimler secures jobs at Magna, Apfalter underlines.

“As neutral partner, we have new chances to act as…