Magna may invest up to $1.3 billion to open Slovenia car plant

21 Mar 17 Mar, 2017

Magna International has submitted a plan to potentially invest up to 1.24 billion euros in Slovenia, Europe to open a car plant. The final goal is the establishment of an entirely functional car plant in Slovenia with capacity of 100,000 to 200,000 vehicles per year. The proposed investment would be in four phases, without giving a timeframe or any indication of when a final investment decision might be made. Production plans for another JLR model are expected to be announced later 2017.

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