The Indonesian plant will represent an investment of approximately USD 1.55 billion until 2030, including product development and operation costs.
Magna now has a total of 11 lighting manufacturing facilities and three engineering centers globally.
For joint development and nationwide marketing of electric-bicycles
Classic first in the Jupiter portfolio to be launched with this technology
Designed under the Impact design 2.0 language and first one to be developed on the new ALFA architecture
Set for launch in February 2020
Strong rises in Europe (+25.5 percent) and Germany (+41.5 percent) following a weaker performance in October 2018
For production of electric motors and components
The Chattanooga site, where production begins in 2022, will be Volkswagen's North American assembly base for electric vehicles.
For the groundbreaking use of martensitic steel in a 3D formed tube for automotive roof rail applications.