Magna to invest $470 million for expansion in Ontario
Good to see Magna International expanding in North America. A few snippets from the article:
Magna International Inc said on Wednesday it was investing more than $470 million to expand its operations across Ontario, Canada, as it looks to increase its presence across the province.
The expansion includes a 490,000-square-foot factory in Brampton that will be used to make battery enclosures for electric vehicles, including the Ford F-150 Lightning.
Magna, which has 49 manufacturing facilities throughout Canada, is expanding in Guelph, Belleville, Newmarket, Windsor, and Penetanguishene and will add 1,000 new jobs to Ontario, the Canadian auto parts maker said on Wednesday.
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