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Magna Steyr, despite Fisker woes, remains bullish on EVs

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Magna Steyr has idled production of the Fisker Ocean full-electric crossover at its plant in Graz, Austria (shown). As a result the contract manufacturer’s parent, Magna International, expects a $400 million revenue hit for the year. (MAGNA STEYR)
May 22, 2024 04:01 AM