Magna International on Thursday said it has agreed to acquire majority ownership of Honglizhixin (HLZX), a major seat supplier to Chinese automakers, expanding the Canadian supplier’s seating capabilities across China.
Magna International on Thursday said it has agreed to acquire majority ownership of Honglizhixin (HLZX), a major seat supplier to Chinese automakers, expanding the Canadian supplier’s seating capabilities across China.
The Trump administration’s tariffs have the potential to turn up the heat on a long-simmering auto industry problem: affordability.