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Magna CEO Calls for Clear Auto Policy Goals as Uncertainty Grows

The appeal presses policymakers to pick a path on jobs versus car affordability.

Overview

  • Magna’s Swamy Kotagiri, who spoke Tuesday at a Toronto auto forum, said the industry needs agreed outcomes before it can choose the right fixes.
  • He outlined two distinct goals that lead to different tools, either protecting existing factories and jobs with targeted support or lowering prices through scale and tougher competition.
  • Kotagiri said job numbers in Canadian auto manufacturing have been flat to declining despite years of support, with more growth occurring further down the supply chain.
  • He urged a resilience push that builds skills instead of backing single plants and that improves infrastructure and reliable, cost-competitive energy.
  • With a July review of the Canada–U.S.–Mexico trade deal approaching, Ontario’s Vic Fedeli said the priority is restoring North American free trade.