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Swamy Kotagiri

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2025-04-022025-04-021111100
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auto supplier magna navigates challenges from tariffs and market shifts

Swamy Kotagiri, CEO of Magna, faces significant challenges due to President Trump's 25% tariffs on foreign auto imports, which threaten to raise consumer prices and impact job growth. With a vast network of facilities across North America, Magna emphasizes flexibility in production to adapt to changing market conditions, while smaller suppliers struggle with rising costs and declining revenues. As Magna looks to expand in China, the company aims to navigate the complexities of the global auto supply chain amidst ongoing industry disruptions.
gulfbusiness.com
United States Dollar General Motors Company Toyota Motor Corp Hyundai Mobis Co.,Ltd Magna International Inc. MEX CHN USA CAN Swamy Kotagiri Donald Trump Laurie Harbour Show more
Business & Industry, Market Report
08:17 02.04.2025
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