Due to a significant reduction in car sales in Europe, Magna will extend the temporary suspension of production at its paint shop in Hoč, Slovenia, which is a sister plant of the factory in Graz, Austria. Current economic forecasts suggest that the shutdown could last until the end of 2020, but everything will depend on the needs of its customers, Magna announced.
Then started production in June 2019 but had to suspend activities due to the coronavirus epidemic. When sales of new cars in Europe fell 52 percent in in May compared to May last year, it became clear that the plant’s future was in danger. In May last year, dealers in Europe sold 1.2 million vehicles, but this year’s total came to just 581,000 new cars.
