Canadian co will produce BMW 5-series hybrids

Dhaka,  Fri,  21 July 2017
Published : 19 Jun 2017, 21:28:13
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Canadian co will produce BMW 5-series hybrids



SAN FRANCISCO, June 19 (Reuters): Canadian auto supplier Magna International Inc will produce BMW's new 5-series plug-in hybrid at its Austrian factory, the company said on Monday, part of a strategy to produce electric cars on a contract basis for global automakers.

The BMW 530 plug-in hybrid will be manufactured beginning this summer at Magna's plant in Graz, Austria, where it already plans to produce Jaguar's I-PACE SUV beginning in early 2018.

Global automakers and their suppliers are investing heavily in fully-electric and gasoline-electric hybrid vehicles. 
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