Magna executives pay no price for Russian misadventure
Magna executives pay no price for Russian misadventure. Magna International Inc.’s MG-T +0.26%increase extensive network of Russian manufacturing plants turned from asset to liability after Vladimir Putin ordered the invasion of Ukraine in February, 2022. Facing worldwide pressure to exit the country, Magna ultimately took a US$376-million non-cash charge to suspend production[ ► ]
The auto industries race to the electric and autonomous car
The auto industries race to the electric and autonomous car, Brussels Germany’s most successful automaker, Volkswagen, is running a different kind of car factory. There are no exhaust pipes, transmissions or fuel tanks. There are no spark plugs, radiators or manifolds. What the Volkswagen Group factory does have, however, are batteries stacked to[ ► ]
