Hybrid shift opens lucrative opportunities for Magna

Electrification efforts have dominated headlines recently as a growing number of OEMs commit to adding both pure electric and hybrid vehicles to their line-up. AlixPartners expects these two segments to account for nearly 40% of new vehicle sales in Europe by 2030. China is also making a big push on this front, supported by an aggressive government agenda, as are other regions such as California. For powertrain suppliers like Magna, the trend could dramatically impact its business.