Auto supplier Magna to manufacture BMW 5-series plug-in hybrids

Newswire

By Alexandria Sage SAN FRANCISCO, June 19 (Reuters) - Canadian auto supplier Magna International Inc will produce BMW's new 5-series plug-in hybrid at its Austrian factory, the company said on Monday, part of a strategy to produce electric cars on a contract basis for global automakers. The BMW 530 plug-in hybrid will be manufactured beginning this summer at Magna's plant in Graz, Austria, where it already plans to produce Jaguar's I-PACE SUV beginning in early ...

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