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Canadian auto parts giant Magna said it will realign its divisions and create four global, product segments. It plans to report quarterly sales and earnings for each unit beginning in 2018.
Automakers are overstating the market potential of electric cars and the timeframe for when self-driving vehicles arrive, charged Don Walker, CEO of Magna International, the Canadian supplier.
UAW plans 'Buy American' ad push; At AN Canada Congress: Magna CEO on danger of not keeping NAFTA, Aston chief warns of business shift to China, Korea; Assuring Opel's independence.
VIDEO: Magna CEO's worry: A 'socialist' Canada; Vacuum-maker Dyson plans 3 electric vehicles; Ghosn on making EVs at profit; Late-model Ram pickups recalled; Global sales on track to rise.
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