Wednesday, February 15, 2023
11:27 AM EST – Magna International Inc : Announced it is investing more than $470 million to expand its operations across Ontario, Canada. The growth includes a new battery enclosures facility in Brampton to support the Ford F-150 Lightning and future OEM programs. In addition, Magna is growing in its locations in Guelph, Belleville, Newmarket, Windsor, and Penetanguishene. They are also supported by $23.6 million in grants from the Ontario government to bring additional high-quality jobs to the region with ongoing training and development programs for employees. The new and expanded operations are expected to bring more than 1,000 new jobs to Ontario over the next few years. Magna International Inc (T.MG) shares were up $1.66 at 76.15.
Stocks in Play: Magna International Inc, Wed, 15 Feb 2023 11:42:06 EST