Magna CEO Nods to Affordability Pinch as Autos Top $50,000 Mark
Magna International Inc. Chief Executive Officer Swamy Kotagiri said rising vehicle prices are intensifying affordability concerns for consumers, even as the auto-parts supplier remains largely insulated from new US tariffs...
By Carol A Massar, Tim Stenovec · Bloomberg
Magna International Inc. Chief Executive Officer Swamy Kotagiri said rising vehicle prices are intensifying affordability concerns for consumers, even as the auto-parts supplier remains largely insulated from new US tariffs due to its localized manufacturing footprint.