As investors have begun to dump their stocks following the Brexit vote, Magna saw its shares decrease by 6.44 percent in Toronto bringing its losses to 14 percent since last Thursday. This is the biggest two-day decline Magna has faced since August 2011. Last month the Canadian auto-parts manufacturer announced its expansion in Britain with plans to build a 225,000 square foot aluminium casting facility in Telford. The new plant was to start production by 2018 and will support Jaguar Land Rover. It is not clear, however, if the vote has changed plans for the new extension.
