Canadian auto parts maker Magna International Inc (MG.TO) said on Thursday it would invest $790 million to build three new supplier facilities, two of which will be housed at Ford Motor Co’s (F.N.) BlueOval City campus in Tennessee. The development comes as suppliers race to meet requirements from automakers, who have been hustling to boost their electric vehicle output as demand for environmentally friendly vehicles surges globally. G.M., in particular, has been investing heavily in its E.V. business as it prepares for a future when it will be a majority-electric vehicle company. However, the Detroit-based carmaker also produces conventionally powered … Continue reading Magna Invests $790 Million in Tennessee, Expanding U.S. Manufacturing