The Aurora, Ont.-based auto-parts manufacturer announced Monday it would help build an advanced driver-assistance system for the Los Angeles-based startup’s Ocean SUV that’s expected to launch in late 2022. (Reuters)
Skip to content
The Aurora, Ont.-based auto-parts manufacturer announced Monday it would help build an advanced driver-assistance system for the Los Angeles-based startup’s Ocean SUV that’s expected to launch in late 2022. (Reuters)
Talking point: The announcement offers new details on the partnership, first revealed in October, that will see Magna take a six per cent stake in Fisker. It’s the second recent EV partnership for Magna, after it agreed in December to form a joint venture with LG spun out of the South Korean firm’s electric-car-components business. The deals add to mounting investments in the EV sector, as policymakers and regulators set targets to shift new fleets from using combustion engines to renewable energy. Magna CEO Swamy Kotagiri told Reuters the firm was in talks with other companies to build EVs, but declined to comment on speculation that it was working with Apple on an electric-car project.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Alberta’s new pipeline would follow Trans Mountain’s route through southern B.C.
Briefing
A $4.6B power project tied to a Meta-linked Alberta data centre gets the green light
Quebec launches $1B water infrastructure housing program
Radical Ventures backs TwelveLabs in US$100M Series B for video AI tools
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
