October 30, 2019 / 2:04 PM / 14 days ago

Magna International to build hybrid transmissions for BMW

FILE PHOTO: The BMW logo is seen on a car in Nice, France, April 8, 2019. REUTERS/Eric Gaillard/File Photo

(Reuters) - Canadian auto-parts maker Magna International (MG.TO) (MGA.N) said on Wednesday it would build dual-clutch and hybrid transmissions for German carmaker BMW (BMWG.DE) under a multi-year contract.

The products will be built at Magna’s plants in Germany and Slovakia, the company said.

Magna did not disclose the financial terms of the contract.

Reporting by Dominic Roshan K.L. in Bengaluru

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