Magna mulls US plant – could Fisker Ocean and Jaguar I-Pace soon qualify for federal tax credits?
September 8, 2022
Magna Steyr – an Austrian-based contract manufacturer owned by Magna International – recently shared aspirations to enter the US market and produce vehicles in a climate-friendly facility in North America. The facility overseas currently manufactures the Jaguar I-Pace and will begin production of the Fisker Ocean in November. Based on revised terms for US federal tax credits, could a move by…