Magna Seeks Tech Cred as Tesla, Google Encroach on Auto Industry

Updated on
  • Newly acquired unit focuses on driver assistance, diagnostics
  • Tesla’s market value is ‘mind boggling,’ Magna CEO says

The head of Magna International Inc. says investors who’ve been dumping shares in North America’s second-largest auto parts maker are overlooking a burgeoning growth driver at the Canadian company -- technology.

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