---
title: "Magna Powertrain to cut 200 jobs"
description: "Magna Powertrain is cutting 200 jobs in Lannach, Austria, due to a lack of orders, particularly following Fisker's insolvency, which eliminated the need for electric motors initially planned for produ"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/214670049.md"
published_at: "2024-09-19T08:57:04.000Z"
---

# Magna Powertrain to cut 200 jobs

> Magna Powertrain is cutting 200 jobs in Lannach, Austria, due to a lack of orders, particularly following Fisker's insolvency, which eliminated the need for electric motors initially planned for production. The Lannach site was intended to be a hub for electric mobility but is now facing challenges, including the closure of the Roitzsch plant in Germany, affecting 250 jobs. Additionally, Jaguar is halting production of two models at Magna Steyr until 2027, and Ineos has postponed the launch of its electric vehicle.

Magna Powertrain has been building transmissions and all-wheel drives for years. Lannach was planned as a central hub for electric mobility, where the company would, among other things, build motors for Fisker.But that is no longer the case, as the latter has filed for insolvency. Lannach is still producing electric motors for the electric Mercedes-Benz G-Class, which is manufactured by Magna Steyr, a sister company in Graz. However, no further orders are currently foreseeable.

There were already signs of the crisis. Last year, managers and engineers were advised to leave the company. And it’s not just at the Lannach site that Magna Powertrain is struggling. The plant’s closure in Roitzsch near Bitterfeld in Germany, where the company produces all-wheel drive transmissions for luxury cars with combustion engines, has already been decided. A total of 250 employees will lose their jobs.

And Magna has even more problems in Europe. Jaguar is phasing out the production of two models at Magna Steyr in Graz this year, namely the compact SUV E-Pace with combustion engine and its electric counterpart I-Pace. Jaguar does not plan to resume production at Magna Steyr until 2027. The British manufacturer Ineos is also postponing the launch of its Fusilier electric off-road vehicle, which Magna Steyr was due to produce, indefinitely.

krone.at, derstandard.de (both in German)

### Related Stocks

- [MGA.US - Magna](https://longbridge.com/en/quote/MGA.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 在乐观的第四季度业绩公布后，这些分析师提高了对曼格纳国际的预测 | 马格纳国际公司（NYSE:MGA）报告第四季度调整后每股收益为 2.18 美元，超出预期的 1.79 美元，销售额为 108.4 亿美元，超过预期。该公司预测 2026 财年的调整后每股收益为 6.25 美元至 7.25 美元，但将销售预期 | [Link](https://longbridge.com/en/news/276150713.md) |
| 机构 “最超配” 闪迪，“最低配” 英伟达 | 据摩根士丹利最新的统计：“机构对美国大型科技股的低配程度是 17 年来最大的” 相比 2025 年 Q4 的标普 500 指数权重，“$NVDA 仍然是机构低配程度最大的大型科技股，其次是苹果、微软、亚马逊和博通，而存储巨头闪迪则是 “最超 | [Link](https://longbridge.com/en/news/276289765.md) |
| “硬件防御” 对冲 AI 焦虑，苹果与纳指相关性创 20 年新低 | AI 浪潮下，苹果因未深度卷入军备竞赛，与纳指相关性创 20 年新低，成为科技股动荡中的 “避风港”。在 AI 投资回报存疑及软件业面临颠覆的焦虑中，苹果凭借不易受冲击的硬件生态逆势突围。尽管存在估值偏高及增长放缓压力，其独特的 “AI 中 | [Link](https://longbridge.com/en/news/276301841.md) |
| CSG 系统国际｜10-K：2025 财年营收 12.23 亿美元 |  | [Link](https://longbridge.com/en/news/276385748.md) |
| 黄仁勋预告 “前所未见” 的芯片新品，下一代 Feynman 架构或成焦点 | 黄仁勋预告今年的 GTC 大会上发布” 世界从未见过” 的全新芯片产品，分析认为新品可能涉及 Rubin 系列衍生产品或更具革命性的 Feynman 架构芯片，市场预期 Feynman 架构将针对推理场景进行深度优化。 | [Link](https://longbridge.com/en/news/276310964.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.