Magna Powertrain, a unit of Canada’s Magna International Inc., establishes a new RMB379 million ($50 million) research and development center in Jiangsu, China. Named Magna Powertrain (Changzhou) Co. Ltd. and currently staffed with about 130 workers, the new facility will focus on developing various powertrain components, as well as production of transmission oil pumps, mass balancer systems and power take off units. Approximately 300 people eventually will be employed at the site, the ...
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