You are here: Home » International » News » Companies
Business Standard

Auto supplier Magna to manufacture BMW 5-series plug-in hybrids

Magna is alone among top auto suppliers to perform contract manufacturing for carmakers

Reuters  |  San Francisco 

Canadian auto supplier Magna International Inc will produce BMW's new 5-series plug-in hybrid at its Austrian factory, the company said on Monday, part of a strategy to produce electric cars on a contract basis for global automakers. The BMW 530 plug-in hybrid will be manufactured beginning this summer at Magna's plant in Graz, Austria, where it already plans to produce Jaguar's I-PACE SUV beginning in early 2018. Global automakers and their suppliers are investing heavily in fully-electric and gasoline-electric hybrid vehicles. Consumer demand is still low ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, June 19 2017. 19:15 IST
RECOMMENDED FOR YOU