CNBC Pro

Auto supplier Magna is uniquely positioned to benefit from electric pickups

Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs.
Photo by Jeffrey Sauger for General Motors

DETROIT – If electric pickup trucks from the Detroit automakers take off, auto supplier Magna International is in a unique position to benefit from producing a crucial part of the vehicles.

More In Investing trends

CNBC ProStocks including Honeywell and Emerson are under-the-radar beneficiaries of the climate bill
CNBC ProGoldman Sachs says planned energy transition is driving stocks, picks its 'best-in-class' names
CNBC ProGoldman says battery storage, hydrogen and other clean energy stocks are where investors should be