Magna International CEO Swamy Kotagiri speaks at the 2026 Ontario Auto Forum in Toronto, on May 12, 2026. The Canadian Press/Sammy Kogan
Magna International Inc. chief executive Swamy Kotagiri says the auto industry can’t make it through the heightened economic and geopolitical uncertainties without clarity about the desired outcomes.
The auto industry has been facing uncertainty from the trade tensions with the U.S., competition from Chinese vehicles and shifting policies on electric vehicles. Canadian consumers are also watching their wallets and prioritizing value.
