Magna Steyr Considers a U.S. Factory Because Everyone Needs One Now

Date Published09/09/2022
Author NameAdam Ismail
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Magna International
Parent companyMagna Steyr AG & Co KG
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Country(ies) from which reshored:Austria
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredautomobile
What domestic positive factors made reshoring more attractive?Automation/technology
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