Electric vehicle (EV) automaker Fisker Inc. (FSR) and Magna International Inc. (MGA) inked a long-term manufacturing deal to start the scheduled production of the Fisker Ocean SUV on November 17, 2022, on Magna’s carbon-neutral facility in Graz, Austria. Shares of Fisker jumped 3.3% to close at $18.33 on June 17. (See Fisker stock chart on TipRanks) Both entities had entered into a cooperation agreement back in October 2020 related to electric vehicle platform sharing and Advanced Driver Assistance Systems (ADAS) packages. Magna is a mobility technology company, which supplies to the automotive industry. Magna hosts a world-class manufacturing facility in Graz, Austria, where they have produced more than 3.
https://www.tipranks.com/news/fisker-and-magna-ink-long-term-manufacturing-deal-fisker-shares-jump
Magna (NYSE:MGA)
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