Industry must rein in spend on electric, self-driving cars: Magna CEO

Industry must rein in spend on electric, self-driving cars: Magna CEO

5 years ago
Anonymous $Dftgs0JzgE

https://www.reuters.com/article/us-autoshow-detroit-magna-intl/industry-must-rein-in-spend-on-electric-self-driving-cars-magna-ceo-idUSKCN1PA00J

Global automobile and auto parts makers which want to capitalize on electric and autonomous vehicles need to cut back investments and forge more partnerships instead, the chief executive of global parts supplier Magna International said Tuesday.