18:24:11 EST Thu 22 Jan 2026
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 280,242,006
Close 2026-01-21 C$ 75.04
Market Cap C$ 21,029,360,130
Recent Sedar+ Documents

Globe says Magna, rivals see Ford gripe on Chinese EVs

2026-01-22 08:29 ET - In the News

Also In the News (C-LNR) Linamar Corp
Also In the News (C-MRE) Martinrea International Inc

The Globe and Mail reports in its Thursday edition that Ontario Premier Doug Ford says Canadians should boycott Chinese-made electric vehicles after Prime Minister Mark Carney struck a deal with that country. The Globe's Laura Stone writes that Mr. Ford, appearing alongside auto industry representatives and a national union leader on Wednesday, said Canadians should not buy any of the 49,000 Chinese EVs set to be imported at a lower tariff rate as a result of Mr. Carney's recent deal. "Boycott the Chinese EV vehicles. Support companies that are building vehicles here. It's as simple as that," Mr. Ford told reporters at Queen's Park. Mr. Ford was joined on Wednesday by Brian Kingston, president of the Canadian Vehicle Manufacturers' Association, Flavio Volpe at the Automotive Parts Manufacturers' Association and Unifor's Lana Payne, who all warned of the negative effects of the China deal. Mr. Carney's agreement with China will allow Chinese-made EVs into Canada at a low tariff rate in return for significant reductions in Beijing's levies on canola seed and a promised elimination of its tariffs on a host of other products. The Chinese EVs are expected to sell at a lower price, with a $35,000 price point often cited.

© 2026 Canjex Publishing Ltd. All rights reserved.