Magna nears deal to make more models in China

MUNICH: Magna International Inc. is in advanced talks with automakers to produce more vehicles in China that could compete on the international market.

The Austrian-Canadian parts-maker and contract manufacturer has been churning out cars for the domestic market for Beijing Automotive Group Co. since last year at its joint-venture facility in China.

The factory can make as many as 180,000 cars and is currently using around 35% of capacity for BAIC’s ArcFox Alpha-T, Magna’s head of Europe and Asia, Guenther Apfalter, said in an interview.

"We have the option to take on car makers who want to compete on the international market.”