Magna International sees onboard cameras as a significant segment for growth in the supply chain.
The Canadian parts giant has been supplying automakers with cameras for about a decade but projects it to be an increasingly bigger piece of the supply chain as autonomous vehicles gain acceptance and eventually, government approval.
Magna CEO Don Walker said in February at the Automotive News Canada Congress in Toronto that “we’re not known as an electronics company,” but that the company does US $450 million annually in electronic components and plans to grow that to US $1 billion.
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