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Magna Steyr vice president of sales and marketing Kurt Bachmaier explains why working with startups has been so beneficial to the contract manufacturer's relations with BMW, Mercedes and Jaguar.
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The automaker has made changes to its purchase order terms and conditions for 2022 that can force North American suppliers to reduce prices whenever they achieve any cost savings and to remain locked into unfavorable contracts for as long the automaker wants.
The factory could supply 300,000 vehicles annually, with deliveries starting in 2025. Renault plans to use Verkor-built batteries in high-performance electric vehicles.
The debate over closed versus open operating systems is raging as automakers develop new interfaces and connectivity to put their cars more on par with smartphones.
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