Wednesday, Jul 27, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Business

Magna to build auto factory in Russia

Magna International Inc., the Canadian vehicle-parts maker that also assembles autos, will build a car factory in Russia to profit from surging domestic demand, the Russian government said.

Magna signed a preliminary agreement with the country's Economy Ministry, an official said in Moscow, declining to give his name because of ministry rules. Tracy Fuerst, a spokesman for Aurora, Ontario-based Magna, wouldn't confirm the expansion, calling it speculation.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…