A key source of untapped development for the global automotive industry can be found in South America’s challenging markets. Brazil and Argentina are expected to spearhead a growth spurt in the next decade that will put this region on track to become a major market for cars and trucks.
Magna has 10 manufacturing facilities, three product development, engineering and sales centres, and 3,050 employees on the continent.
*As of Q3 2023
|Manufacturing / Assembly||7||3|
|Engineering / Product Development / Sales||3|