Magna Pushes its Presence in Emerging Markets

People ♦ Published: February 12, 2011; 15:14 ♦ (Vindobona)

The Austrian-Canadian automotive supplier intends to expand its international presence in the BRIC countries.

Magna Pushes its Presence in Emerging Markets / Picture: © Vindobona.org

In an interview with the business journal "Saldo," Magna’s CEO for Europe, Günther Apfalter, said that the global presence of the group is to be increased. New business locations in Malaysia and Thailand have been recently established. At present, there are even talks about manufacturing complete cars in India or China.

At the same time, the location Austria must be held on…

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